The NASD Approves Proposal Increasing Desk Responsibility: Dealers Are Worried About New Reportin
Traders Magazine, May 1998
The National Association of Securities Dealers has approved a new set of proposals that would increase the responsibilities of brokerage firms that quote small, thinly-traded stocks.
On May 7, the NASD board of governors voted to require broker dealers to review and disclose financial information before recommending a non-Nasdaq, over-the-counter security.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.