InvestorsHub Logo
Followers 13
Posts 1452
Boards Moderated 0
Alias Born 12/05/2003

Re: serfdom post# 12537

Sunday, 07/23/2006 12:57:49 PM

Sunday, July 23, 2006 12:57:49 PM

Post# of 56764
Serf are you sure ?
July 3 it stated 13 days ... let me know ...
On July 3, 2006, NASD will begin to calculate whether securities qualify as non-SEC reporting threshold securities, and July 11, 2006 is the first day for which NASD will provide a non-SEC reporting threshold list. Until a security appears on a non-SEC reporting threshold list for 13 consecutive settlement days and an open fail position for such security exists for that same period, Rule 3210 does not require a broker-dealer to close out the open fail position. Therefore, the first day on which a close-out action would be required under Rule 3210 is July 28, 2006