Notice to Members 00-49

SEC Issues Staff Interpretation on the "Free Trading" Status of Blank Check Company Securities Under Certain Scenarios

A unit of the NASD Regulation, Inc. (NASD RegulationSM) Market Regulation Department recently asked the Securities and Exchange Commission (SEC) for interpretive guidance regarding initial distribution or the redistribution in the aftermarket of the shares issued by "blank check" companies and whether these distributions were in compliance with SEC Rules.

Questions regarding this Notice may be directed to Ken Worm, Assistant Director, Market Regulation Department, NASD Regulation, at (301) 978-2097.

Related Documents: 

DateTitleFormat - Size
4/25/2015Notice to Members 00-49 - NASD's Request for GuidancePDF - 540.81 KB
4/25/2015Notice to Members 00-49 - SEC's ResponsePDF - 759.01 KB