Delivery of a Margin Disclosure Statement to Non-Institutional Customers

The NASD, through its wholly owned subsidiary, NASD Regulation, Inc., has filed with the SEC a proposed rule change to add new Rule 2341. The proposed rule change would require members to deliver to non-institutional customers, prior to or at the opening of a margin account, a specified disclosure statement that discusses the operation of margin accounts and the risks associated with trading on margin. The proposed rule change also would require members to deliver the disclosure statement annually to all non-institutional customers with margin accounts.

DateTitleFormat - SizeStatus
9/5/2000Text of Proposed Rule ChangePDF - 48.4 KB
9/25/2000Amendment No. 1 to Proposed Rule ChangePDF - 32.96 KB
10/23/2000Federal Register NoticePDF - 130.45 KB
11/17/2000Extension LetterPDF - 4.91 KB
1/10/2001Extension No. 2PDF - 6.34 KB
3/14/2001Third Extension LetterPDF - 6.35 KB
3/26/2001Amendment No. 2 to Proposed Rule Change and Response to CommentsPDF - 26.66 KB
4/10/2001Amendment No. 3 to Proposed Rule ChangePDF - 8.75 KB
5/3/2001Approval OrderPDF - 65.22 KB