NASDR has filed with the SEC a proposed rule change to amend Rule 10314 of the Code of Arbitration Procedure of the National Association of Securities Dealers, Inc. to extend the time to answer an arbitration claim from 20 business days to 45 calendar days and to eliminate extensions of time to answer except in extraordinary circumstances.
NASDR has filed with the SEC a proposed rule change to amend Rule 2860(b)(3)(A)(vii)(c) of the National Association of Securities Dealers, Inc. to extend, until December 31, 1999, the Association's pilot program for exemptions from equity option position limits for certain hedged positions ("hedge exemption pilot program").
Non-Party Witness’ Attorney May Attend Hearing While Witness Is Testifying
NASD has filed with the SEC a proposed rule change to amend NASD Interpretative Material 9216 ("IM-9216") to expand the list of violations eligible for disposition under NASD's Minor Rule Violation Plan ("MRVP") to include failure to timely submit amendments to the Form U5, as required by Article V, Section 3(a) of the NASD By-Laws.
<p>NASD Rule 2460 - Payments for Market Making</p>Services rendered in acting as a Designated Advisor for Disclosure (DAD) for Pink Sheets’ new OTCQX listing may fall within the exception of Rule 2460(b), which permits a member to accept payment for bona fide services; however, this conclusion will depend upon the specific payments made and services that ultimately are rendered.
I'm writing to request more transparency, fairness and accountability in our financial markets, as all of us rely on our regulatory entities for that assurance. There are some things that are of particular interest to me: 1. Transparency of Buy/Sell orders in the market as a whole, including but not limited to OTC/ATS off market trading. 2. Information market makers have when it comes to
(a) Authorization to Lend Customers' Margin Securities
No member shall lend securities that are held on margin for a customer and that are eligible to be pledged or loaned, unless such member shall first have obtained a written authorization from such customer permitting the lending of such securities.
(b) Requirements for Borrowing of Customers' Fully Paid or Excess Margin
Preliminary Note: The requirements of this Rule are in addition to other existing member obligations under FINRA rules and the federal securities laws, including obligations to determine suitability of particular securities transactions with customers and to have a reasonable basis for any recommendation made to a customer. This Rule is not intended to act or operate as a presumption or as a
Trading Pause Rule Expanded to All NMS Stocks
Verification of Emailed Instructions to Transmit or Withdraw Assets From Customer Accounts
