Notice to Members 96-28

NASD Revises Sanction Guidelines

Published Date:

Executive Summary

The NASD announces revisions to the NASD Sanction Guidelines (Guidelines). The Guidelines were published for the first time in May 1993 so that members could become more familiar with the more typical securities industry violations that occur and the disciplinary sanctions that may result. The revisions to the Guidelines reflect recent developments in disciplinary sanctions and include Guidelines for a variety of matters not addressed in the initial publication.

For more information on the Guidelines, call Norman Sue, Jr., Associate General Counsel, at (202) 728-8117, or Carla J. Carloni, Assistant General Counsel, at (202) 728-8019.

Copies of the Guidelines are available for purchase at $35 each ($10 each for employees of NASD member firms) by contacting NASD MediaSourceSM at (240) 386-4200 for credit card orders or by writing to: NASD MediaSource, P.O. Box 9403, Gaithersburg, MD 20898-9403. Please make checks payable to the National Association of Securities Dealers, Inc.