Executive Summary
On November 8, 1995, in Rel. No. 34-36466; SR-NASD-95-45, the Securities and Exchange Commission (SEC) approved amendments to Article II, Section 4 of the NASD® By-Laws to conform the NASD's eligibility criteria to changes adopted by Congress in 1990 to the statutory disqualification provisions found in Sections 3(a)(39) and 15(b)(4) of the Securities Exchange Act of
Executive Summary
On December 28, 1995, the National Association of Securities Dealers, Inc., (NASD) filed with the Securities and Exchange Commission (SEC) for its approval rules governing members conducting business on the premises of a financial institution (proposed rules). The proposed rules focus on issues of investor confusion involving the purchase of uninsured securities products and,
Executive Summary
The 1995-96 NASD broker/dealer and agent registration renewal cycle begins its second phase this month. The NASD is publishing information in this Notice to help members review, reconcile, and respond to the Final Adjusted Invoice packages that mailed to all member firms in mid-January.
Questions regarding this Notice may be directed to your firm's assigned Quality &
Executive Summary
The Central Registration Depository (CRDSM) Redesign will require several action items from members. A Membership On Your Side will be mailed to the CRD contact in each member firm in the next couple of weeks that contains several items on which members must take action, CRD system pricing information, a list of service bureaus, and a Site Preparation Guide.
Questions
As of December 20, 1995, the following 99 issues joined the Nasdaq National Market®, bringing the total number of issues to 4,003:
Symbol
Company
Entry Date
SOES Execution Level
ANIC
Anicom, Inc.
11/21/95
500
CDLI
Consolidated Delivery & Logistics, Inc.
11/21/95
500
FFIC
Flushing Financial Corporation
11/21/95
200
IVAC
Intevac, Inc.
11/21/95
200
LSREF
LaSalle Re Holdings,
As of December 28, 1995, the following bonds were added to the Fixed Income Pricing System (FIPSSM).
Symbol
Name
Coupon
Maturity
CBBS.GA
CBS Inc
7.625
1/1/02
CBBS.GB
CBS Inc
7.750
6/1/99
CBBS.GC
CBS Inc
7.125
11/1/23
CBBS.GD
CBS Inc
8.875
6/1/22
CMS.GC
CMS Energy
7.000
6/15/00
CMS.GD
CMS Energy
7.000
7/15/00
CMS.GE
CMS Energy
7.000
7/15/00
CMS.GF
CMS Energy
8.000
7/15/02
Executive Summary
On December 28, 1995, the Securities and Exchange Commission (SEC) approved amendments to Section 59 of the Uniform Practice Code (UPC). The amendments clarify that the delivery deadlines that may be specified in buy-in notices issued pursuant to Section 59 may not specify a delivery time earlier than 3 p.m., Eastern Time (ET), for depository eligible securities. The
Executive Summary
On December 20, 1995, the Securities and Exchange Commission (SEC) approved a proposed Rule change by the NASO® that prohibits NASO members from executing over-the counter transactions in an exchange listed security that is the subject of an initial public offering (IPO) until the security has opened for trading on the exchange that lists the security. The Rule change
Executive Summary
On September 6, 1995, the expanded Limit-Order Protection Interpretation to Article III, Section 1 of the NASD Rules of Fair Practice that prohibits member firms from trading ahead of customer limit orders (commonly known as Manning II) became fully effective. The expanded Interpretation extends the scope of limit-order protection in The Nasdaq Stock MarketSM to ensure that
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Internal Audit
Legal & Compliance
Municipal
Operations
Syndicate
Systems
Trading
Presidents' Day: Trade Date — Settlement Date Schedule
The Nasdaq Stock Market and the securities exchanges will be closed on Monday, February 17, 1997, in observance of Presidents' Day, "Regular way" transactions made on the
