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The NASD Approves Proposal Increasing Desk Responsibility: Dealers Are Worried About New Reportin

Traders Magazine, May 1998

Michael L. O'Reilly

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.

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