Notice to Members 05-25

NASD Requests Comment on Proposal to Require Pre-Use Filing of Advertisements and Sales Literature for New Types of Securities and of Television, Video and Radio Advertisements

Comment Period Expired May 20, 2005

NASD is proposing to amend its advertising rules to require members to file certain additional categories of advertisements and sales literature with NASD. First, NASD is proposing to require members to file the initial advertisement or item of sales literature concerning a type of security that the member has not previously offered at least 10 business days prior to first use or publication (and continue to do so for the following 90 calendar days). Second, NASD is proposing to require members to file all television, video (including Web site video), radio, or similar broadcasts of 15 seconds or longer at least 10 business days prior to the date of first use or broadcast.

Questions concerning this Notice may be directed to Thomas M. Selman, Senior Vice President, Investment Companies/Corporate Financing, at (240) 386-4533; Joseph P. Savage, Associate Vice President, Investment Companies Regulation, at (240) 386-4534; or Philip A. Shaikun, Associate General Counsel, Office of General Counsel, Regulatory Policy and Oversight, at (202) 728-8451.
 

The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments: 
DateCommenterFormat - Size
5/11/2005A.B. Goodman Law Firm, Ltd.PDF - 25.39 KB
5/5/2005Blakeslee & BlakesleePDF - 16.98 KB
5/5/2005Mutual Trust Co. Of America SecuritiesPDF - 30 KB
5/4/2005Northwest Consulting, LLCPDF - 28.01 KB
4/21/2005The Investment Center, Inc.PDF - 29.79 KB
4/21/2005Frank DealyPDF - 27.79 KB
4/8/2005Ameritas Life Insurance Corp.PDF - 31.13 KB
4/11/2005MWA Financial Services, Inc.PDF - 58.96 KB
5/18/2005Barclays Global InvestorsPDF - 29.15 KB
5/19/2005NISCPDF - 15.53 KB
5/19/2005Pace Investor Rights ProjectPDF - 56.53 KB
5/19/2005Cutter & Company, Inc.PDF - 30.33 KB
5/13/2005Mutual Trust Co. Of America SecuritiesPDF - 29.73 KB
5/12/2005Dortch Securities & Investments, Inc.PDF - 25.74 KB
5/16/2005Piper JaffrayPDF - 32.23 KB
5/17/2005Carty & Company, Inc.PDF - 29.81 KB
5/19/2005Ropes & GrayPDF - 96.4 KB
5/20/2005Wachovia SecuritiesPDF - 73.26 KB
5/19/2005AIG Advisor GroupPDF - 44.53 KB
5/20/2005OppenheimerFunds Distributor, Inc.PDF - 86.39 KB
5/20/2005Investment Company InstitutePDF - 116.44 KB
5/20/2005E*TRADE FinancialPDF - 84.15 KB
5/20/2005ING Advisors NetworkPDF - 37.61 KB
5/20/2005Harris<i>direct</i> LLCPDF - 509.29 KB
5/20/2005Fidelity InvestmentsPDF - 235.81 KB
5/20/2005Financial Services InstitutePDF - 69.65 KB
5/20/2005Jefferson Pilot Securities CorporationPDF - 16.83 KB
5/20/2005NFP Securities, Inc.PDF - 37.6 KB
5/20/2005Wulff, Hansen & Co.PDF - 49.12 KB
5/20/2005Edward D. Jones & Co.PDF - 195.32 KB
5/20/2005National Planning Holding, Inc.PDF - 121.83 KB
5/20/2005AG Edwards & Sons, Inc.PDF - 201.29 KB
5/23/2005ScottradePDF - 390.77 KB
5/20/2005NFP Securities, Inc.PDF - 34.05 KB
5/25/2005Merrill LynchPDF - 31.85 KB
5/24/2005Charles Schwab & Co., Inc.PDF - 70.79 KB
5/26/2005Ameritrade Holding CorporationPDF - 61.28 KB
5/27/2005Securities Industry AssociationPDF - 72.42 KB
5/31/2005Smith BarneyPDF - 45.06 KB