Proposed Rule Change Regarding Regulation of Activities of Members Experiencing Financial and/or Operational Difficulties

NASD has filed with the SEC a proposed rule change to amend NASD Rules 3130, 3131 and the Rule 9410 Series to expand NASD’s authority to take expedited action against all member firms with capital deficiencies, to permit NASD to suspend a member that operates for any period of time with inadequate net capital and to make non-substantive clarifications to these provisions.

DateTitleFormat - SizeStatus
4/15/2003Text of Proposed Rule ChangePDF - 68.18 KB
6/17/2003Amendment No. 1 to Proposed Rule ChangePDF - 23.39 KB
7/8/2003Amendment No. 2 to Proposed Rule ChangePDF - 23.62 KB
7/31/2003Federal Register NoticePDF - 51.95 KB
9/12/2003Approval OrderPDF - 40.17 KB