среда, 23 июня 2010 г.

Notes and references

Executive Summary
On February 27, 2001, the Securities
and Exchange Commission
(SEC) approved amendments to
National Association of Securities
Dealers, Inc. (NASD®) Rule 2520
relating to margin requirements for
day traders (the “amendments”).1
The amendments become effective
on September 28, 2001 and
are substantially similar to amendments
by the New York Stock
Exchange (NYSE) to its margin
rules.2
The text of the amendments and
Federal Register version of the
SEC Approval Order are attached
(see Attachments A & B). For
a detailed description of the
amendments, as well as specific
examples of certain margin
calculations under the amendments,
members should review
the attached SEC Approval Order
(see Attachment B).
Questions concerning this
Notice may be directed to Susan
DeMando, Director, Financial
Operations, Member Regulation,
NASD Regulation, Inc. (NASD
Regulation), at (202) 728-8411, or
Stephanie M. Dumont, Associate
General Counsel, Office of General
Counsel, NASD Regulation, at
(202) 728-8176.

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