* Memorandum to SEC Rules Committee No. 60-97, dated August 15, 1997.
[9179]
August 18, 1997
TO: SEC RULES COMMITTEE No. 79-97
RE: NASDR REQUESTS COMMENT ON CASH COMPENSATION -- INSTITUTE
CONTACT PERSON
______________________________________________________________________________
Last Friday, August 15th, the Institute mailed to the SEC Rules Committee a
memorandum transmitting a copy of NASD Notice to Members 97-50, in which NASD
Regulation, Inc. ("NASDR") solicited suggestions on how the payment and receipt of various
forms of incentive-based cash compensation for the sale and distribution of investment
company and variable contract securities should be regulated.* As indicated in that
memorandum, comments must be submitted by October 15, 1997. If there are issues you would
like the Institute to consider addressing in its comment letter, please contact Frances Stadler by
phone at (202) 326-5822, by fax at (202) 326-5827, or by e-mail to frances@ici.org by September
10th.
Barry E. Simmons
Assistant Counsel