NASD Regulation Reminds Members To Develop Year 2000 Plans
NASD Regulation, Inc., urges National Association of Securities Dealers, Inc. (NASD®) members to develop and implement an action plan to ensure and achieve Year 2000 compliance. The scope of Year 2000 plans should extend to all information technology systems (internal and external) used to conduct a securities business and other
Proposed Foreign Hearing Location Rule
Thank you for the opportunity to appear today to discuss the important work that the Financial Industry Regulatory Authority, or FINRA, is doing to fulfill our mission under the federal securities laws to protect investors and safeguard market integrity while facilitating vibrant capital markets.
Guidance on Low-Priced Equity Securities in Customer Margin and Firm Proprietary Accounts
Exemptive relief is granted based on: the representation that at the time of the contribution the individual had no connection to the firm’s municipal securities business, and it was not contemplated that, at the time of the contribution, he would be promoted and, thus, become a municipal finance professional (as defined); the firm has significant and long standing business relationships with the government entity of which the contribution recipient was an issuer official; the firm has established additional compliance processes about political contributions; the individual will not be involved in any way in municipal securities business with the state or any other governmental issuer business for which the contribution recipient is an issuer official.
SEC Requests Broker-Dealers Make SARs and SAR Information Available to FINRA
SEC Approves Amendments Relating to Web-based Delivery of the Regulatory Element of Continuing Education
The elevation of chosen investors, creating the “accredited investor” designation that can be achieved solely on the measure of a one's wealth or income was an egregious, unmistakable step toward oligarchy. With existing rules already in place, governmental agencies are now using a wealth/income-based designation to reserve high-risk, high-reward investment opportunities and products for
This rule change is long overdue for the sustainability and transparency of the markets.
The NASD, through its wholly owned subsidiary, NASD Regulation, Inc., has filed with the SEC a proposed rule change to adopt NASD Rule 3090, to: (1) require NASD members to promptly obtain and implement a duplicate statement instruction whenever they have actual knowledge that an Association or American Stock Exchange employee has a financial interest in, or controls trading in, an account; (2)
