Notice to Members 07-16

Frequently Asked NASD Financial and Operational Questions

This version reflects changes to the answers to QA-2 and QB-8.

NASD is issuing this Notice to Members (NTM) to provide member firms with answers to many of the frequently asked questions NASD receives on financial and operational issues. Much of the information is also available on NASD’s Web site at or through a firm’s NASD Liaison. Additionally, NASD’s Weekly Update emails sent to the Executive Representative of each NASD member firm contain valuable information about important topics of interest to NASD members, including select financial and operational information.

Questions concerning this Notice may be directed to Susan M.DeMando, Associate Vice President and Director, Financial Operations, Department of Member Regulation, at (202) 728-8411.