February 5, 1991
TO: SEC RULES MEMBERS NO. 7-91
SALES FORCE MARKETING COMMITTEE NO. 5-91
SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 3-91
MARKETING COMMITTEE NO. 6-91
DIRECT MARKETING COMMITTEE NO. 4-91
SUBCOMMITTEE ON ADVERTISING
RE: NASD REVISES CHARGES FOR REVIEWING ADVERTISEMENTS
AND SALES LITERATURE
__________________________________________________________
As indicated in the attached notice, the NASD has increased
and revised its fees for reviewing advertisements and sales
literature. Under the revised schedule, the charge per item is
$25 plus $5 per page for each page in excess of five pages or, in
the case of video and audio tapes, $25 plus $5 per minute for
each minute in excess of five minutes. An additional charge of
$200 will be assessed for each item submitted for expedited
review.
The new charges became effective February 1.
Craig S. Tyle
Associate General Counsel
Attachment