NASD is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to delay, until October 31, 2007, implementation of an amendment to Interpretive Material 2210-4 ("IM 2210-4") that is scheduled to be implemented on July 7, 2007. The recent amendment to IM-2210-4 requires an NASD member referring to its NASD membership on its
NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend NASD Rules 6130, 6130A, 6130C, 6130D and 6130E to prohibit members from submitting to an NASD Facility (i.e., the Alternative Display Facility ("ADF") or a Trade Reporting Facility) any report (including but not limited to reports of step-outs and
NASD is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend NASD Rules 12100 and 13100 of the NASD Code of Arbitration Procedure for Customer Disputes ("Customer Code") and the NASD Code of Arbitration Procedure for Industry Disputes ("Industry Code") (together, the "Codes"), respectively, to
Increase in Number of Arbitrators Available for Review When Parties Choose Arbitration Panels
Comments: Please don't underestimate people's ability to understand complex products. We have enough hurdles and unanticipated consequences to deal with without big brother butting in even more. Leave the ETF rules as they are.
SUGGESTED ROUTING
Senior ManagementLegal & ComplianceOperations
Executive Summary
On June 11, 1993, the Securities and Exchange Commission (SEC) approved a new Section 11 of the Uniform Practice Code (UPC) requiring book-entry settlement of transactions in depository-eligible securities effected between member firms and between member firms and certain of their customers.
NASD is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to extend for an additional two-year period, to June 23, 2009, NASD's authority under the cease and desist pilot program. At this time, NASD is not proposing any substantive changes to the rules covered by the pilot program; the only changes regard extending the pilot
NASD Regulation, Inc., has filed with the SEC a proposed rule change to make certain amendments to the NASD Regulation By-Laws in order to change the term of office of members of the National Adjudicatory Council from two years, with the opportunity to serve no more than two consecutive terms, to a single three-year term.
I strongly oppose this rule #S7-24-15 because its fundamentally wrong to try to create one system for high net worth individuals and the rest of the American populace. I urge you to block this proposal by the SEC.
Adding these rules only hurts traders. Everyone starts somewhere and creating requirements hinders their learning process. You don't need to be a genius to use most of these instruments and these restrictions are an annoyance to even experienced investors.
