NASD Issues Broker-Dealer Compliance Warning

Hume, Lynn
April 2004
Bond Buyer;4/15/2004, Vol. 348 Issue 31863, p5
Trade Publication
Issues a notice warning broker-dealers that they must comply with their sales practice obligations when selling municipal and other bonds and bond fund shares to investors by the National Association of Securities Dealers (NASD). Reason why NASD issued the warning; Realization that investors must understand that as interest rates rise, bond prices fall; Identification of the five general sales practice obligations for firms to comply.


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