NASD Notice to Members 99-58 - July 1999

SEC Grants Exemption From Rule 15c2-11 for Securities Being Removed From The OTCBB Pursuant to The NASD Eligibility Rule

Executive Summary

The Securities and Exchange Commission (SEC) issued a letter on June 3, 1999, granting an exemption from SEC Rule 15c2-11 under the Securities Exchange Act of 1934 (Exchange Act) for securities that were quoted on the OTC Bulletin Board® (OTCBB) on or before January 4, 1999, that will no longer be eligible to be quoted on the OTCBB due to the phase-in implementation of National Association of Securities Dealers, Inc. (NASD®) Rule 6530 (the Eligibility Rule). A copy of the SEC’s letter is attached to this Notice.

 

Questions regarding this Notice may be directed to the OTC Compliance Unit at (301) 208-2802.

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