The purpose of this Notice to Members is to give National Association of Securities Dealers, Inc. (NASD®) members notice of the policies adopted by the National Adjudicatory Council (NAC) at its June 1999 meeting regarding the imposition and collection of monetary sanctions imposed in disciplinary matters. This policy applies to all Letters of Acceptance, Waiver, and Consent (AWCs) and Offers of Settlement executed by respondents beginning on November 1, 1999, and to all NAC, Hearing Panel, and default decisions decided and issued on or after November 1, 1999. Members are directed to attach this Notice to Members as an amendment to the NASD Sanction Guidelines.
Questions concerning this Notice to Members may be directed to Shirley H. Weiss, Associate General Counsel, Office of General Counsel, NASD Regulation, Inc., (NASD RegulationSM) at (202) 728-8844.
|View Full Notice||PDF 54 KB|