News Release

NASD Reopens New Orleans District Office After Hurricane Katrina

Washington, DC — NASD today announced it has officially reopened its New Orleans District Office, which was forced to close in the aftermath of Hurricane Katrina. The office, now fully staffed, will be handling NASD's securities firm examinations and enforcement caseload for Alabama, Arkansas, Louisiana, Mississippi, Oklahoma and Tennessee.

Securities firms and professionals in those states may now resume direct contact with the New Orleans District Office at 1100 Poydras Street, Suite 850, Energy Centre, New Orleans, LA or by calling (504) 522-6527. NASD maintains a continually updated information and communications Web page for securities firms and investors affected by the disaster.

NASD Dispute Resolution has rescheduled hearings for arbitration cases that had evidentiary hearings cancelled as a result of Hurricane Katrina. For parties in New Orleans, NASD is conducting hearings at the Pan American Conference Center in downtown New Orleans.  NASD continues to accommodate all parties who request alternative hearing location sites or need assistance in rebuilding their files. All inquiries should be directed to Rose Schindler of NASD DR's Boca Raton office at (561) 447-4939.

In an effort to help the Red Cross's relief efforts, NASD made a contribution of $500,000 to support the Red Cross's Hurricane Katrina relief efforts. It also matched, dollar for dollar, NASD employee contributions which exceeded $100,000  to the Red Cross, the Salvation Army, Catholic Charities and other 501(c)(3) organizations doing disaster relief work in affected areas.

NASD is the leading private-sector provider of financial regulatory services, dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services.  NASD touches virtually every aspect of the securities business from registering and educating all industry participants, to examining securities firms, enforcing both NASD rules and the federal securities laws, and administering the largest dispute resolution forum for investors and member firms.  For more information, please visit our Web site at