August 29, 1989
TO: SEC RULES MEMBERS NO. 48-89
UNIT INVESTMENT TRUST MEMBERS NO. 45-89
BROKER/DEALER ADVISORY COMMITTEE NO. 40-89
CLOSED-END FUND MEMBERS NO. 39-89
RE: NASD SUPERVISORY PROCEDURES CHECKLIST
__________________________________________________________
Attached is a checklist of the NASD supervisory procedures
that the Philadelphia regional office of the NASD is currently
using in connection with its inspection program. This checklist
will be useful to ensure compliance with the supervisory
procedures. This checklist was created by the Philadelphia
office and has not been reviewed or approved by the national NASD
office in Washington. For those of you who received a copy of
the checklist at a workshop held by the Philadelphia office on
May 9, 1989, please note that the checklist has since been
revised. Although the checklist is stamped "draft," we were
advised that it is currently being used in this form, but that it
is subject to change.
Amy B. Rosenblum
Assistant General Counsel
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