NASD Notice to Members 97-62 - September 1997

SEC Transaction Fees for Off-Exchange Transactions in Exchange-Registered Securities; Refinement of SEC Fee Rate Algorithm

Executive Summary

The National Association of Securities Dealers, Inc. (NASD®) is reminding member firms that, effective October 1, 1997, the Securities and Exchange Commission (SEC) Transaction Fees for transactions in exchange-registered securities traded off an exchange will be collected by the NASD. Currently, NASD members remit these fees directly to the SEC.

 

Questions regarding this Notice should be directed to James Shelton, Billing Manager, NASD Regulation, Inc., at (301) 590-6757.