Silicon Investor (SI) -- The First Internet Community

10/8/1999 8:26:00 AM

The NASD is different from the SEC, but they use the SEC filings. We were ok with the SEC, but the NASD was "concerned" so we did as they asked.

On an IPO the SEC gives you a 14 day review of the "IPO" filing and notifies you directly, if everything is in order or not.

The SEC is the US government, the NASD is the National Assc of Security Dealers and they are a private "regulatory" body. They too have to report to the SEC though.

KAA