A private placement memorandum and proxy materials outlining the restructuring of the National Association of Securities Dealers and Nasdaq “in substantive detail” will be sent to NASD members “in the coming weeks,” the NASD said Feb. 4.

Specific details emerged with the release of an unusual electronic joint letter that was sent to NASD members by NASD Chairman Frank Zarb and Alan Davidson, an NASD board member who also is president of the Independent Broker-Dealer Association and head of the Long Island-based Zeus Securities Inc. brokerage firm.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]