TO: All NASD Members and Other Interested Persons
Following is a list of NASD Notices to Members issued during the third quarter of 1984. Requests for copies of any notice should be accompanied by a self-addressed label and may be directed to: NASD Administrative Services, 1735 K Street, N.W., Washington, D.C. 20006.
Notice Number
Date
Topic
84-36
July 18, 1984
Request for Comments on
Bank Notification Used In Conjunction With A Special Reserve Bank Account For The Exclusive Benefit Of Customers
In order to protect customer cash held at a clearing firm, SEC Rule 15c3-3 requires that customer cash and other customer credits be deposited into a Special Reserve Bank Account for the Exclusive Benefit of Customers (Reserve Account). This requirement serves as a safeguard for
TO: All NASD Members and Other Interested Persons
Under the provisions of the NASD fidelity bonding rule (Article III, Section 32, NASD Rules of Fair Practice) all members who are required to be members of the Securities Investor Protection Corporation and who have employees must carry a fidelity bond.
On December 17, 1982, in Notice to Members 82-58, which described the introduction of the
SUGGESTED ROUTING
Senior ManagementInstitutionalLegal & ComplianceOptionsTrading
Executive Summary
Given the growing market for over-the-counter (OTC) derivatives, such as OTC options on individual equity securities and stock indexes, and the Securities and Exchange Commission's (SEC) recent approval of increases in option position and exercise limits, the NASD reminds
<p>Applicability of NASD rules to a member's use of a translator for group retirement plan enrollment presentations.</p>
The Reg NMS Trade Through Report Card is a monthly statistical report detailing the transactions in NMS Securities that appear to have been reported by your firm to a Trade Reporting Facility ("TRF") or to FINRA's Alternative Display Facility at a price that traded through at least one protected best bid or offer at the respective time of execution. If non-compliance with the Order
I have read that you are considering a new rule to impose substantial restrictions on investors being able to invest in certain types of investments which are considered "complex products," such as inverse and leveraged funds--and I'm opposed to such a proposal. Such funds offer opportunities to investors, especially small investors who are not wealthy, to survive turbulent markets
I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged like hedge fund institutions. I understand a financial risk with these funds and know the consequences of covering the losses. You should not be the judge of imposing conditional regulations on each individual investors. When
Please do not restrict my rights as an individual to invest in public investments yet allow a privileged class to continue to invest without any restrictions. This is unfair to individual investors. Your assumptions that we are too dumb to understand complex investment strategies is an insult to all American investors. Your regulators are not our parents to make us do special process to invest.
This is WRONG! -- PERIOD! There is NO LEGITIMATE purpose for this. Let's face it and not beat around the bush, you simply do this SOLELY because you don't want the people to become wealthy and thus more independent and powerful than the criminals in positions of power who want to rule over the people. We all know this, you aren't fooling anybody. We The People know the risks and
