NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") Notice to Members ("NTM") 06-03, which provides guidance regarding the application of new Rule 2111 prohibiting members from trading ahead of customer market orders under certain circumstances.
NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to extend through June 30, 2006, the current pilot price-improvement standards for decimalized securities contained in NASD Interpretive Material 2110-2 - Trading Ahead of Customer Limit Order ("Manning Rule" or "Manning").
NASD has filed with the Securities and Exchange Commission ("Commission") a proposed rule change to Rules 6530 and 7010 to clarify the availability of a process to review eligibility determinations under Rule 6530 and to adopt service based fees for issuers quoted on the OTC Bulletin Board ("OTCBB").
NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to expand the scope of Interpretive Material (IM) 2110-2 (the "Manning Rule") relating to trading ahead of customer limit orders to apply to all over-the-counter ("OTC") equity securities.
NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to add new NASD Rule 3380 to prohibit members and associated persons from splitting any order into multiple smaller orders for execution or any execution into multiple smaller executions for transaction reporting for the primary purpose of maximizing a monetary or in-kind
NASD has filed with the SEC a proposed rule change to the By-Laws of the National Association of Securities Dealers, Inc. ("NASD" or "Association") to address several corporate governance issues, including the treatment of staff Governors for purposes of Industry/Non-Industry balancing; the role of the National Nominating Committee (NNC) in contested elections; the petition
NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend new NASD Rule 2111 to delete two references to NASD Rule 6440(f)(2) in light of a recent rule change repealing Rule 6440(f). See SR-NASD-2005-124. Both new Rule 2111 and the repeal of Rule 6440(f) will become effective on January 9, 2006.
NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend NASD IM-1000-2 to toll the two-year expiration provisions for qualification examination requirements set forth in Rules 1021(c), 1031(c), and 1041(c) for certain former registered persons serving in the Armed Forces of the United States, including persons who
NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend NASD IM-1000-2 to (1) clarify that the scope of the relief provided in the IM extends to any registered person of a firm who volunteers for or is called into active military duty, not just registered representatives; (2) codify the staff's existing
NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to delay until no later than November 30, 2005 the implementation date of the recent revisions to the Limited Principal - Registered Options (Series 4) examination program. NASD is not proposing any textual changes to the By-Laws, Schedules to the By-Laws, or Rules of