Notice to Members 97-30

NASD Regulation Requests Comments on Amendments to the Free-Riding and Withholding Interpretation

Comment Period Expired June 16, 1997

NASD Regulation, Inc. (NASD RegulationSM) requests comment on specific amendments to the NASD Free-Riding and Withholding Interpretation, IM-2110-1 (Interpretation) and also is soliciting comment on how the Interpretation could be more generally revised and streamlined. In particular, commenters are asked to consider whether the Interpretation properly reflects current market conditions.