Amendments to Rule 2260 to Require Broker-Dealers to Forward Communications Regarding Debt Securities to Beneficial Owners

NASD Regulation, Inc., has filed with the SEC a proposed rule change to amend NASD Rule 2260 to require a broker-dealer to make reasonable efforts to forward a communication from an issuer or a trustee regarding a debt security to the beneficial owner of such security. The proposed rule change would also clarify IM-2260 (Suggested Rate of Reimbursement) to reflect that, in forwarding proxies and other materials, members may not charge for envelopes that are provided by the issuer or the trustee, as well as by persons soliciting proxies.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 54.18 KB
Federal Register NoticePDF - 49.01 KB
Approval OrderPDF - 39.83 KB