Microcap Initiative - Proposed Recommendation Rule

NASDR is filing with the SEC a proposed rule change to adopt new NASD Rule 2315, which requires members to review current issuer information prior to recommending a transaction to a customer in an over-the-counter ("OTC") equity security. Additionally, the proposed rule change would amend NASD Rule 6740 to permit members to submit a certification to the Association that states that the member has conducted a review of specified information and has fulfilled its SEC Rule 15c2-11 obligations for documents that currently reside on the SEC's Electronic Data Gathering and Retrieval System ("EDGAR") database.

*Excluding Exhibits 2-4

DateTitleFormat - SizeStatus
1/13/1999Text of proposed rule change*PDF - 128.32 KB
3/1/1999Federal Register NoticePDF - 43.23 KB
3/28/1999Extension LetterPDF - 2.13 KB
5/21/1999Extension No. 2PDF - 2.32 KB
7/22/1999Third Extension LetterPDF - 2.33 KB
9/24/1999Extension No. 4PDF - 2.31 KB
5/31/2000Extension No. 5PDF - 4.75 KB
9/29/2000Extension No. 6PDF - 4.76 KB
12/22/2000Extension No. 7PDF - 10.5 KB
1/11/2002Amendment No. 1 to Proposed Rule ChangePDF - 68.13 KB
1/22/2002Federal Register Notice of Filing of Amendment No. 1PDF - 60.2 KB
6/13/2002Eighth Extension LetterPDF - 7.67 KB
7/26/2002Amendment No. 2 to Proposed Rule ChangePDF - 8.22 KB
8/26/2002Approval OrderPDF - 49.53 KB
9/6/2002Correction to Approval OrderPDF - 19.25 KB