The National Association of Securities Dealers Rule 2711 (NASD 2711) stipulates that investment banking be run separately from research and trading to ensure trust in the public markets. And while organizations may attempt to prohibit communication between these groups, email and other technologies serve as a conduit of improper communication. It may also be in the interest of the bank to allow an analyst to “cross the wall” for a particular engagement. However, it is necessary to ensure that information obtained during that engagement stays on the appropriate side of the wall.
Smarsh, Inc. assumes no liability for the accuracy or completeness of this information. Please consult with an attorney for specific information on specific rules and regulations and how they apply to your business.