January 9, 1989
TO: SEC RULES COMMITTEE NO. 2-89
RE: NASD PROPOSAL TO RESTRICT PAYMENT OF REFERRAL FEES
__________________________________________________________
Attached is an NASD notice to members concerning a proposed
rule that would restrict payment of fees to unregistered parties
for the referral of retail business. If you feel the Institute
should submit a comment letter on this, please let me know by
January 20.
Craig S. Tyle
Assistant General Counsel
Attachment