Proposed Rule Change Regarding Regulation of Activities of Members Experiencing Financial and/or Operational Difficulties

NASD has filed with the SEC a proposed rule change to amend NASD Rules 3130, 3131 and the Rule 9410 Series to expand NASD’s authority to take expedited action against all member firms with capital deficiencies, to permit NASD to suspend a member that operates for any period of time with inadequate net capital and to make non-substantive clarifications to these provisions.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 68.18 KB
Amendment No. 1 to Proposed Rule ChangePDF - 23.39 KB
Amendment No. 2 to Proposed Rule ChangePDF - 23.62 KB
Federal Register NoticePDF - 51.95 KB
Approval OrderPDF - 40.17 KB