Voss said the NASD
and NASAA also willingly worked with her division.
The Notice implies what might be some best practices for NASD
member firms to adopt in supervising life settlement brokerage transactions by associated persons who also act as life settlement brokers.
In addition, NASD
officials encourage investors to follow three basic rules: understand what you're buying and with whom you're dealing; invest based only on education and information--not on emotion; and, says Elisse Waiter, senior executive vice president for regulatory policy and programs at NASD
, "Remember, if it sounds too good to be true, it is too good to be true.
The conferences, held in 2001 and 2002, were represented to NASD
by Wells as "strictly educational.
Most important, we have established effective lines of communication and a cooperative working relationship with the NASD
asked the MetLife units about possible late trading of mutual funds in September 2003, officials say.
Equity-indexed annuities are complex financial instruments where the issuer, usually an insurance company, guarantees a stated interest rate and some protection from loss of principal, and provides an opportunity to earn additional interest based on the performance of a securities market index, the NASD
Gilkison also cashed a check he received from an attorney, who sublet part of the office space, instead of depositing the check into the company's accounts, NASD
officials said in statements made public Aug.
For the more volatile and less capitalized firms, NASD
has two destinations of stocks: OTC and NASDAQ.
Before the consolidation of NASD
and NYSE Member Regulation, which became effective on July 30, 2007, NASD
's Board of Governors and NYSE Group's Board of Directors appointed the 21 remaining members of the Interim Board.
Securities and Exchange Commission, the agency that must approve efforts by the NASD
, Washington, to implement the rule, has published the new draft in the Federal Register.
The proposal was sparked by a joint report on the products released the week of June 7 by the NASD
and the U.