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7040. Historical Research and Administrative Reports

This rule is no longer applicable. NASD Rule 7040 has been superseded by FINRA Rule 7740. Please consult the appropriate FINRA Rule.

(a) The charge to be paid by the purchaser of an Historical Research Report regarding OTC Bulletin Board security or other OTC security through the OTCBB.com website shall be determined in accordance with the following schedule:
  Number of fields of information in the report
  1–10 11–15 16 or more
A. Issues Summary Statistics
    For a security for a day

$10

$15

$20

    For a security for a month, quarter, or year

$20

$30

$40

    For all issues for a day

$50

$75

$100

    For all issues for a month, quarter, or year

$100

$150

$200

 
B. Intra-Day Quote and Intra-Day Time and Sales Data
    For a security and/or a market participant for a day $15 $25 $35
    For all market participants for a day or for all securities for a day

$30

$40

$50

    (For purposes of this report, market participants are those entities qualified to participate in the OTC Bulletin Board Service pursuant to NASD Rule 6540(a) and (b)).
 
C. NASD may, in its discretion, choose to make a report that purchasers wish to obtain every trading day available on a subscription discount basis. In such cases, the price for a subscription to receive a report every trading day in a month shall be the applicable rate to receive the report for a day times 20; the price for a subscription to receive the report for every trading day in a quarter shall be the applicable rate to receive the report every day times 60; and the price for a subscription to receive a report every trading day in a year shall be the applicable rate to receive the report for a day times 240.
 
D. All OTCBB Issuers Directory   $250  
(b) Administrative Reports — $25 per user, per month.


Amended and renumbered as Rule 7040 by SR-NASD-2007-018 eff. March 5, 2007.
Amended by SR-NASD-2005-089 eff. Oct. 1, 2005.
Amended by SR-NASD-2004-036 eff. May 17, 2004.
Amended by SR-NASD-2002-122 eff. Sept 18, 2002.
Amended by SR-NASD-2001-059 eff. Nov. 26, 2001.
Adopted as Rule 7010(q) by SR-NASD-99-70 eff. Jan 14, 2000.

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