NASDR Confidential Financial Information and Referral Fees
Published on:
May 13, 1997
The Self-Regulation and Supervisory Practices, Bank Retail Broker-Dealer, Investment Adviser, and Financial Institutions Services Steering Committees of the Securities Industry Association
(SIA)* provide comments to the National Association of Securities Dealers, Inc. Regulation (NASDR) on two proposals: 1) Proposed Rule 3121, which governs a member’s use of customer confidential financial information; and 2) Proposed Rule 2460, which restricts the payment of referral fees by NASD members, NASD Regulation Notices to Members 97-12 and 97-11. SIA offers its observations and recommendations regarding the proposals.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.