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
Dec 17, 1999 Interpretive Letter to Merrill E. Weber, Red Oak Financial Corporation NASD Rule 6500 Series - OTC Bulletin Board Service
Nov 18, 1999 Interpretive Letter to Name Not Public NASD Rule 2830 - Investment Company Securities Gifts, Gratuities and Non-Cash Compensation
Nov 11, 1999 Interpretive Letter to Andrew Gotfried, Raymond James Financial Services NASD Rule 1030 Series - Registration of Representatives Qualification Exams
Oct 29, 1999 Interpretive Letter to Robert E. Lee, Counsel, P&A Administrative Services, Inc. NASD Rule 2820 - Variable Contracts of an Insurance Company
Oct 26, 1999 Interpretive Letter to James A. Ricketts, Ameritrade, Inc. NASD Rule 3110 - Books and Records
Sep 28, 1999 Interpretive Letter to Gerald L. Fishman, Esq., Wolin & Rosen Article III, Section 4 - Definition of Disqualification
Sep 21, 1999 Interpretive Letter to Cliff Palefsky, Esq., National Employment Lawyers Association NASD Rule 10301 - Required Submission
Sep 09, 1999 Interpretive Letter to Robert L. Winston, American Funds Distributors, Inc. NASD Rule 2830 - Investment Company Securities Gifts, Gratuities and Non-Cash Compensation
Jul 23, 1999 Interpretive Letter to Name Not Public NASD Rule 3230 - Clearing Agreements
Jun 10, 1999 Interpretive Letter to Henry H. Hopkins and Sarah McCafferty, T. Rowe Price Investment Services, Inc. NASD Rule 3060 - Influencing or Rewarding Employees of Others Gifts, Gratuities and Non-Cash Compensation
May 20, 1999 Interpretive Letter to Harley Whitfield, American Equity Capital, Inc. NASD Rule 2820 - Variable Contracts of an Insurance Company Gifts, Gratuities and Non-Cash Compensation
Mar 31, 1999 Interpretive Letter to Robert B. Saginaw, Counsel, ReliaStar Financial Corp. NASD Rule 2820 - Variable Contracts of an Insurance Company Gifts, Gratuities and Non-Cash Compensation
Mar 15, 1999 Interpretive Letter to Martin Miller, Esq., Willkie Farr & Gallagher NASD Rule 2330 - Customers' Securities or Funds
Mar 08, 1999 Interpretive Letter to Robert H. Stanley, B-Trade Services NASD Rule 6150 - ACT Risk Management Functions
Mar 08, 1999 Interpretive Letter to Jess L. Haberman, Automated Securities Clearance, Ltd. NASD Rules 6950-6957 (OATS)
Mar 05, 1999 Interpretive Letter to J. Craig Long, Esq., Foley & Lardner NASD Rule 2220 - Options Communications with the Public Options, Advertising Regulation
Feb 17, 1999 Interpretive Letter to Name Not Public NASD Rule 2860 - Options
Feb 08, 1999 Interpretive Letter to Roger D. Blanc, Esq., Willkie Farr & Gallagher NASD Rule 3350 - Short Sale Rule
Feb 05, 1999 Interpretive Letter to W. Thomas Conner, National Association for Variable Annuities NASD Rule 2210 - Communications with the Public Options, Advertising Regulation
Jan 29, 1999 Interpretive Letter to Trish Stone-Damen, Investors Retirement & Management Company, Inc. NASD Rule 2420 - Dealing with Non-Members
Jan 27, 1999 Interpretive Letter to Karin Wolman, Esq., Wilders & Weinberg, P.C. (Research Personnel) NASD Licensing In General Qualification Exams
Jan 06, 1999 Interpretive Letter to Jack Hodges, William O'Neil + Co, Inc. NASD Rules 6950-6957 (OATS)
Dec 09, 1998 Interpretive Letter to Leslie D. Smith, Berthel Fisher & Company NASD IM-2420-2 - Continuing Commissions Policy
Dec 09, 1998 Interpretive Letter to Leslie D. Smith, Berthel Fisher & Company NASD Rule 2420 - Dealing with Non-Members
Dec 07, 1998 Interpretive Letter to Victoria Bach-Fink, Wall Street Financial Group NASD Rule 2420 - Dealing with Non-Members