Interpretive Letters

 
Interpretive letters provide guidance on the staff's views as to the application of particular FINRA rules under specific circumstances. Members, associated persons, and their counsel should consider seeking further guidance regarding their own unique circumstances.

Date Title Related Rule Core Topic
Jul 30, 1997 Interpretive Letter to Webster E. Janssen, Janssen Financial Services NASD Rule 3030 - Outside Business Activities of an Association Person
Jul 03, 1997 Interpretive Letter to Name Not Public NASD IM-2110-2 - Trading Ahead of Customer Limit Order
Jun 19, 1997 Interpretive Letter to Bill T. Singer, Singer Zamansky LLP NASD Rule 1030 Series - Registration of Representatives Qualification Exams
Apr 16, 1997 Interpretive Letter to Name Not Public NASD IM-2110-2 - Trading Ahead of Customer Limit Order
Apr 11, 1997 Interpretive Letter to Name Not Public NASD Rule 3010 - Supervision Variable Life Insurance Products, Advertising Regulation, Qualification Exams
Apr 11, 1997 Interpretive Letter to Name Not Public NASD Rule 2420 - Dealing with Non-Members Qualification Exams
Mar 04, 1997 Interpretive Letter to Name Not Public NASD Rule 2310 - Recommendations to Customers (Suitability) Public Offerings, Suitability
Feb 21, 1997 Interpretive Letter to Name Not Public NASD Rule 11870 - Customer Account Transfer Contracts Customer Account Transfers
Feb 19, 1997 Interpretive Letter to Name Not Public NASD Rule 1020 Series - Registration of Principals Qualification Exams
Jan 23, 1997 Interpretive Letter to Stuart J. Kaswell, SIA NASD Rule 2310 - Recommendations to Customers (Suitability) Public Offerings, Suitability
Jan 23, 1997 Interpretive Letter to Paul Saltzman, PSA NASD Rule 2310 - Recommendations to Customers (Suitability) Public Offerings
Dec 23, 1996 Interpretive Letter to Name Not Public NASD IM-2420-2 - Continuing Commissions Policy
Dec 16, 1996 Interpretive Letter to Name Not Public NASD Rule 3040 - Private Securities Transactions of an Associated Person
Nov 20, 1996 Interpretive Letter to Name Not Public NASD IM-2420-2 - Continuing Commissions Policy
Nov 15, 1996 Interpretive Letter to Name Not Public NASD Rule 2740 - Selling Concessions, Discounts, and Other Allowances
Sep 18, 1996 Interpretive Letter to Name Not Public NASD Rule 3370 - Prompt Receipt and Delivery of Securities
Aug 13, 1996 Interpretive Letter to Name Not Public NASD Rule 3010 - Supervision Qualification Exams
Aug 09, 1996 Interpretive Letter to Name Not Public NASD Rule 3010 - Supervision Qualification Exams
Jul 23, 1996 Interpretive Letter to Name Not Public NASD Rule 3040 - Private Securities Transactions of an Associated Person
May 28, 1996 Interpretive Letter to Name Not Public NASD Rule 3070 - Reporting Requirements
May 28, 1996 Interpretive Letter to Name Not Public NASD Rule 3070 - Reporting Requirements
May 02, 1996 Interpretive Letter to Name Not Public NASD Rule 2440 - Fair Prices and Commissions
Nov 27, 1995 Interpretive Letter to Name Not Public NASD Rule 1020 Series - Registration of Principals Qualification Exams
Oct 31, 1995 Interpretive Letter to Name Not Public NASD Rule 3110 - Books and Records Advertising Regulation
Jul 26, 1995 Interpretive Letter to Richard Lewandowski, The Options Exchange NASD Rule 3370 - Prompt Receipt and Delivery of Securities