• NASD Staff Permits Broker-Dealer To Use On-Demand Webcast To Satisfy Annual Compliance Meeting Requirements
  • April 30, 2007 | Authors: Howard M. Groedel; Joseph S. Simms
  • Law Firm: Ulmer & Berne LLP - Cleveland Office
  • On November 30, 2006, the NASD staff issued an Interpretive Letter advising Citigroup Global Markets, Inc. (CGMI) that it may, under certain circumstances, use on-demand webcast technology -- in place of live meetings, interviews or real-time webcast presentations -- to satisfy the annual compliance meeting requirements of NASD Conduct Rule 3010(a)(7). The November 30th Interpretive Letter permits CGMI to make pre-recorded presentations available for electronic viewing by its registered persons at times convenient to them rather than requiring them to participate in a live meeting, interview or streaming webcast.