Notice to Members 07-12

NASD Requests Comment on Proposed Amendments to Rules 3010(g) and 2711 in Connection with the Rule Harmonization Project with the NYSE

Comment Period Expired March 26, 2007
The comment period was extended to April 9, 2007.

NASD is issuing this Notice to Members to solicit comments from members and other interested parties on a proposal to amend Rule 3010(g) (Supervision - Definition of "Office of Supervisory Jurisdiction") and Rule 2711 (Research Analysts and Research Reports - Definition of "Initial Public Offering").

Early last year, the New York Stock Exchange (NYSE) and NASD announced a plan to work jointly to harmonize their rulebooks in an effort to eliminate duplicative rules and streamline regulation. Further, on November 28, 2006, NASD and the NYSE announced a plan to consolidate their member regulation operations into a new organization that will be the single self-regulatory organization (SRO) for all securities firms doing business with the public in the U.S. The consolidation plan sets forth a more sensible and less complex regulatory system that will make securities regulation more efficient and effective.

The new SRO will work diligently toward the creation of a single rulebook; however, the rule harmonization plan discussed in this NTM is a separate endeavor from the rulebook consolidation project. NASD believes that continuation of the rule harmonization project at this time remains a critical step toward ending duplication and reducing regulatory inefficiency.

As noted, hard copy comments should be submitted to Barbara Z. Sweeney. Questions concerning this Notice should be directed to Kosha K. Dalal, Associate General Counsel, Office of General Counsel, at (202) 728-6903.

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
3/26/2007Financial Services InstitutePDF - 75.58 KB
3/26/2007National Planning Holdings, Inc.PDF - 88.69 KB
3/25/2007Association of Registration Management, Inc.PDF - 77.8 KB
3/23/2007Investment Company InstitutePDF - 156.15 KB
3/6/2007Charles ComerPDF - 23.45 KB
3/27/2007Farmers Financial Solutions, LLCPDF - 30.18 KB
3/7/2007Bob HillardPDF - 34.49 KB
2/27/2007Patricia NelsonPDF - 29.21 KB
4/6/2007ACLIPDF - 138.93 KB
4/9/2007NASAAPDF - 42.98 KB
4/9/2007SIFMAPDF - 52.08 KB
4/9/2007Sutherland Asbill & Brennan LLPPDF - 46.08 KB
4/9/2007Berthel Fisher & Company Financial Services, Inc.PDF - 415.17 KB
4/9/2007Great American Advisors, Inc.PDF - 39.17 KB
4/10/2007NAIBDPDF - 90.54 KB
4/10/2007Financial Telesis, Inc.PDF - 68.74 KB
4/20/2007Thornes & Associates, Inc.PDF - 72.69 KB