The National Association of Securities Dealers last week unveiled rules to comprehensively govern bank brokerage activities. The proposals -- to oversee areas like disclosure, the location of sales activities, and the content of marketing materials -- have raised concerns among bankers, who feel that the NASD is overreacting. American Banker reporter Karen Talley discussed the proposals with Robert M. Kurucza, who specializes in banking regulation as a law partner at Morrison & Foerster, Washington.

Q.: Why is the NASD proposing rules to govern bank brokerage activities?

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