Proposed Changes to Rule 6530 and Additional New Rules
Published on:
March 27, 1998
The Federal Regulation Committee and the Self-Regulation Committee of the Securities Industry Association (SIA)* provide comments to the National Association of Securities Dealers, Inc. (NASD) on proposed amendments to Rule 6530 and proposed new Rules 2315, 2350, and 6540, NASD Notices to Members 98-14 and 98-15. SIA offer observations and recommendations supporting its belief that, while the proposals seek laudable goals of addressing certain trading abuses, in some respects the proposals sweep more broadly than appears necessary or appropriate.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.