Interpretive Letters

All interpretive positions are staff position, unless otherwise indicated. Staff-issued interpretive letters express staff views and opinions only and are not binding on FINRA and its Board; any representation to the contrary is expressly disclaimed.

The letters provide general guidance on the staff's views as to the application of particular NASD rules under specific circumstance.

Members, associated persons, and their counsel should consider seeking further guidance regarding their own unique circumstances.

Date Title Typesort descending Related Rule / Topic
Oct 2, 2000 Interpretive Letter to Janna R. Severance, Esq., Moss & Barnett Membership and Registration Rules NASD Rule 1020 Series - Registration of Principals
Jan 29, 1998 Interpretive Letter to Francis X. Stone, Esq. Membership and Registration Rules NASD Rule 1020 Series - Registration of Principals
Nov 11, 1999 Interpretive Letter to Andrew Gotfried, Raymond James Financial Services Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Feb 19, 1997 Interpretive Letter to Name Not Public Membership and Registration Rules NASD Rule 1020 Series - Registration of Principals
Jul 19, 2000 Interpretive Letter to Joanne Ferrari, Weeden & Co., L.P. Membership and Registration Rules NASD Rule 1040 Series - Assistant Representative - Order Processing
Apr 22, 1998 Interpretive Letter to Karen A. Steighner, Brokerage Administrator Corporation Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Nov 27, 1995 Interpretive Letter to Name Not Public Membership and Registration Rules NASD Rule 1020 Series - Registration of Principals
May 27, 1998 Interpretive Letter to Therese Haberle, Charles Schwab Membership and Registration Rules NASD Rule 1040 Series - Assistant Representative - Order Processing
Jun 19, 1997 Interpretive Letter to Bill T. Singer, Singer Zamansky LLP Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Sep 27, 2001 Interpretive Letter to Elliott R. Curzon, Esq., Dechert Price & Rhoads Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Dec 11, 2000 Interpretive Letter to Brian C. Sullivan, LaBranche & Co. Membership and Registration Rules NASD Rule 1060 - Persons Exempt from Registration
Sep 6, 2001 Interpretive Letter to Mr. Alan E. Sorcher, Securities Industry Association & Ms. Sarah A. Miller, ABA Securities Association Membership and Registration Rules NASD Rule 1070 - Qualification Examinations and Waiver of Requirements
Sep 25, 2001 Interpretive Letter to David A. Genelly, Esq., Vanasco Genelly & MIller Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Oct 27, 2000 Interpretive Letter to Mr. Alan E. Sorcher, Securities Industry Association & Ms. Sarah A. Miller, ABA Securities Association Membership and Registration Rules NASD Rule 1070 - Qualification Examinations and Waiver of Requirements
Jun 6, 2001 Interpretive Letter to Newton B. Schott, Jr., PIMCO Funds Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Jul 18, 2001 Interpretive Letter to Joe Morkos-Doueihi, J.P. Morgan Securities, Inc. Membership and Registration Rules NASD Rule 1100 - Foreign Associates
Apr 19, 2001 Interpretive Letter to Thomas W. Hands, TradePortal Securities, Inc. Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Dec 1, 2014 Interpretive Letter to Wallace W. Kunzman, Jr., Kunzman & Bollinger, Inc. Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Oct 2, 2001 Interpretive Letter to Kevin L. Palmer, WMA Securities, Inc. Membership and Registration Rules NASD Rule 1120 - Continuing Education Requirements
Feb 13, 2001 Interpretive Letter to George W. Mann, Jr., Boston Stock Exchange Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Aug 5, 2004 Interpretive Letter to Mr. Alan E. Sorcher, Securities Industry Association & Ms. Sarah A. Miller, ABA Securities Association Membership and Registration Rules NASD Rule 1070 - Qualification Examinations and Waiver of Requirements
Jan 29, 2001 Interpretive Letter to Dennis Roth, Chesapeake Securities Research Corporation Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Jan 19, 2001 Interpretive Letter to Richard Bennett, Signal Securities, Inc. Membership and Registration Rules NASD Rule 1030 Series - Registration of Representatives
Feb 24, 2016 Interpretive Letter to Marc Menchel, Menchel Consulting LLC Membership and Registration Rules NASD Rule 1017 - Application for Approval of Change in Ownership, Control, or Business Operations
Aug 2, 2001 Interpretive Letter to Conrad C. Lysiak, Esq., Metropolitan Financial Center Procedural Rules NASD Rule 8300 Series - Sanctions

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