Need help with compliance? The NASD wants to help you help yourself. The regulator launched a Web page called Improving Examination Results (nasdr.com/5200_improving_results.asp) designed to keep you and your firm up-to-date on the latest rules, and provides suggestions for ways to comply.
Much of the information is topical, including anti-money-laundering rules and conflict-of-interest scenarios.
There's also a rundown of violations frequently found during NASD examinations, and tips on how you and your broker/dealer can avoid similar problems.
For example, one common error is that U-4s aren't updated frequently enough with new addresses, complaints and other information. The NASD is also concerned that reps aren't satisfying continuing education requirements, suggesting member firms track their reps' records through the NASD disclosure database.
