6952. Applicability
This rule is no longer applicable. NASD Rule 6952 has been superseded by FINRA Rule 7420. Please consult the appropriate FINRA Rule.
(a) Unless otherwise indicated, the requirements of the Rule 6950 Series are in addition to the requirements contained in the By-Laws and Rules of the Association.
(b) Unless otherwise indicated, the requirements of the Rule 6950 Series shall apply to all brokers and dealers admitted to membership in the Association and to their associated persons.
(c) Unless otherwise indicated, the requirements of the Rule 6950 Series shall apply to all executed or unexecuted orders.
(d) (1) For purposes of this paragraph, the term "foreign equity security" shall mean any equity security that is issued by a corporation or other organization incorporated or organized under the laws of any foreign country.
(2) Unless otherwise indicated, the requirements of the Rule 6950 Series shall apply to an order involving an OTC equity security that is a foreign equity security only if the order results in a trade that is subject to the transaction reporting requirements in Rule 6620.
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Amended by SR-FINRA-2007-001 eff. Feb. 4, 2008. Amended by SR-NASD-2005-101 eff. Feb. 4, 2008. Amended by SR-NASD-2005-087 eff. Aug. 1, 2006. Adopted by SR-NASD-97-56 eff. according to schedule in Rule 6957. Selected Notices: 98-33, 06-70. |