Approves Removal of Prior Restrictions – Notice to Members 00-36
NASD Notice to Members 00-36
SEC Approves Rule Change To Permit Publication Of All Final Litigated Decisions Issued By The Office Of Hearing Officers, The National Adjudicatory Council, And The NASD Board
Effective Date: July 10, 2000
On May 15, 2000, SEC approved a change to an NASD Interpretation regarding the publishing of disciplinary proceedings which met certain criteria to permit publication of all final, litigated decisions issued by the Office of Hearing Officers (OHO), the National Adjudicatory Council (NAC), and the NASD Board.
Under the approved change, a decision that does not satisfy the enumerated criteria of the Interpretation will be released, but will not identify the parties to the decision.
The rule change becomes effective on July 10, 2000, but permits publication of all final, litigated decisions issued after August 7, 1997, the effective date of the current NASD Code of Procedure.
The complete text of the Notice to Members is available at http://www.nasdr.com/pdf-text/0036ntm.txt
Nothing herein is intended as legal or financial advice. The law is different in different jurisdictions, and the facts of a particular matter can change the application of the law. Please consult an attorney or your financial advisor before acting upon the information contained in this article.
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