*Letters

SIA Submits Comments to the SEC on the NASD Corporate Financing Rule

Published on:
April 6, 2001

The Securities Industry Association (SIA)* provides comments to the Securities and Exchange Commission(SEC) an amendment to a proposed rule change by the National Association of Securities Dealers, Inc. (NASD)relating to its corporate financing rule, File No. SR-NASD-00-04. The NASD Corporate Finance Rule is intended to ensure that the underwriting terms and arrangements of a public offering in which an NASD member participates are fair and reasonable. SIA notes that in a previous comment letter on this proposal, SIA suggested creating an exemption from the rule for offerings of larger well-financed companies coming to the capital markets for the first time and companies that have met that have met the qualifications for the exchange listing.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

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