April 19, 1993
TO: AD HOC TASK FORCE ON 12B-1 ISSUES
SEC RULES COMMITTEE NO. 37-93
RE: SEC SOLICITS COMMENTS ON NASD Q&As
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As you know, in NASD Notice to Members 93-12, the NASD set
forth a series of questions and answers intended to assist NASD
members in applying the revised provisions of the NASD's rules
governing maximum sales charges, which will become effective on
July 7, 1993. (See Memorandum to SEC Rules Members No. 20-93,
dated February 18, 1993.) Last week, the Securities and Exchange
Commission published the NASD's Q&As in a Federal Register notice
which solicits comments from interested persons on the Q&As. Any
such comments must be filed with the SEC by May 5. If there are
comments you would like the Institute to consider including in a
letter to the SEC, please contact me by telephone at (202) 955-
3514 or by fax at (202) 659-1519 by Wednesday, April 28.
Frances M. Stadler
Assistant Counsel