Interpretive Letters

 
Interpretive letters provide guidance on the staff's views as to the application of particular FINRA rules under specific circumstances. Members, associated persons, and their counsel should consider seeking further guidance regarding their own unique circumstances.

Date Title Related Rule Core Topic
Oct 16, 2000 Interpretive Letter to Justine Rusin, Merit Capital Associates, Inc. (Use of Negative Response Letters) NASD Rule 2110 - Standards of Commercial Honor and Principles of Trade Negative Response Letters, Advertising Regulation, Customer Account Transfers
Oct 12, 2000 Interpretive Letter to Eric A. Arnold, Esq., Sutherland Asbill & Brennan LLP NASD Rule 2820 - Variable Contracts of an Insurance Company Gifts, Gratuities and Non-Cash Compensation, Public Offerings
Oct 02, 2000 Interpretive Letter to Allan H. Pessin, Securities Compliance Consultants Inc. NASD Rule 1020 Series - Registration of Principals Qualification Exams
Oct 02, 2000 Interpretive Letter to Janna R. Severance, Esq., Moss & Barnett NASD Rule 1020 Series - Registration of Principals Qualification Exams
Sep 28, 2000 Interpretive Letter to Leslie U. Harris, East/West Securities Co. Article IV, Section 2 - Similarity of Membership Names
Sep 27, 2000 Interpretive Letter to Kathleen A. Wieland, William Blair & Company NASD Rule 2420 - Dealing with Non-Members
Aug 31, 2000 Interpretive Letter to Thomas E. Hellings, Securities America, Inc. NASD Rule 2310 - Recommendations to Customers (Suitability) Public Offerings
Aug 14, 2000 Interpretive Letter to Mr. Edward Balsmann, Morgan Keegan & Company, Inc. NASD Rule 1030 Series - Registration of Representatives Qualification Exams
Aug 14, 2000 Interpretive Letter to Ms. M. LaRae Bakerink, Pacific American Securities, LLC NASD Rule 1030 Series - Registration of Representatives Qualification Exams
Aug 11, 2000 Interpretive Letter to David M. Rappaport, Esq., INVESTACORP Inc. NASD Rule 1030 Series - Registration of Representatives Qualification Exams
Aug 04, 2000 Interpretive Letter to Alan Feldstein, Esq., Development Corporation for Israel NASD Rule 3110 - Books and Records Public Offerings
Jul 24, 2000 Interpretive Letter to Fiona Kaufman, Esq., SVB Securities, Inc. NASD Rule 3110 - Books and Records
Jul 19, 2000 Interpretive Letter to Stephen M. Vine, Esq., Akin, Gump, Strauss, Hauer & Feld, L.L.P. NASD Rule 1030 Series - Registration of Representatives Qualification Exams
Jul 19, 2000 Interpretive Letter to Joanne Ferrari, Weeden & Co., L.P. NASD Rule 1040 Series - Assistant Representative - Order Processing Qualification Exams
Jul 05, 2000 Interpretive Letter to Kathleen A. Wieland, William Blair & Company, L.L.C. NASD Rule 2210 - Communications with the Public
Jun 20, 2000 Interpretive Letter to Robinson Markel, Esq., Rosenman & Colin, LLP NASD Rule 3370 - Prompt Receipt and Delivery of Securities
Jun 15, 2000 Interpretive Letter to Steven F. Gatti, Esq., Clifford, Chance, Rogers & Wells NASD Rule 3110 - Books and Records
May 31, 2000 Interpretive Letter to Michael R. Miller, Esq., Kunkel Miller & Hament NASD Rule 2420 - Dealing with Non-Members
Apr 03, 2000 Interpretive Letter to Michael L. Kerley, Esq., MML Investors Services, Inc. NASD Rule 2820 - Variable Contracts of an Insurance Company Gifts, Gratuities and Non-Cash Compensation
Jan 21, 2000 Interpretive Letter to Peter D. Koffler, Esq., Twenty-First Securities Corporation NASD IM-2420-2 - Continuing Commissions Policy
Jan 18, 2000 Interpretive Letter to Gordon C. Ogden, III, Profinancial, Inc. NASD Rule 2420 - Dealing with Non-Members
Jan 18, 2000 Interpretive Letter to Michael T. Dorsey, Knight Securities, L.P. NASD Rule 3370 - Prompt Receipt and Delivery of Securities
Dec 23, 1999 Interpretive Letter to R. Bruce Hughes, Access Mortgage Services, Inc. NASD Rule 3030 - Outside Business Activities of an Association Person
Dec 23, 1999 Interpretive Letter to Karen A. Steighner, Brokerage Administrators Corporation (includes attached incoming letter) NASD Rule 1030 Series - Registration of Representatives Qualification Exams
Dec 17, 1999 Interpretive Letter to Merrill E. Weber, Red Oak Financial Corporation NASD Rule 6500 Series - OTC Bulletin Board Service