Summary of selected actions by NASD, April-June 2007
Author: Davis, Henry A.
Source: Journal of Investment Compliance, Volume 8, Number 3, 2007 , pp. 79-94(16)
Publisher: Emerald Group Publishing Limited
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Abstract:
<B>Purpose</B> - The aim of this paper is to provide excerpts of selected NASD actions in April, May, and June 2007. <B>Design/methodology/approach</B> - The paper provides excerpts from NASD Notice to Members 07-16, Frequently Asked NASD Financial and Operational Questions; 07-17, NASD and NYSE Joint Release Regarding Special Measures against Specified Banks Pursuant to Section 311 of the USA PATRIOT Act; 07-19, SEC Approves Amendments to Expand IM-2110-2 to include OTC Equity Securities; 07-23, NASD Trade Reporting Requirements Related to Regulation NMS; 07-24, New Requirement for the Reporting of Consolidated Short Interest Positions to the Intermarket Surveillance Group (ISG); 07-25, NASD Provides Guidance Concerning Trade Reporting Obligations for Transactions in Foreign Securities and American Depositary Receipts; 07-27, NASD Requests Comment on Proposed Rule 2721 to Regulate Member Private Securities Offerings; and 07-28, SEC Approves Additional Mark-Up Policy for Transactions in Debt Securities, Except Municipal Securities. <B>Findings</B> - The paper finds useful indications of regulatory trends. <B>Originality/value</B> - These are direct excerpts designed to provide a useful digest for the reader and an indication of regulatory trends. The NASD staff is aware of this summary but has neither reviewed nor edited it. For further detail and NASD contacts for each notice, as well as other notices and useful information, the reader is directed to www.nasd.com
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