NASD Notice to Members 97-28 - May 1997

Approval of Investment Company Rankings Amendments

Executive Summary

On March 5, 1997, the Securities and Exchange Commission (SEC) approved amendments to NASD IM-2210-3 (Guidelines) to allow for the use by members and associated persons in advertisements and sales literature of investment company rankings that represent short-, medium-, and long-term performance. The amendments are effective March 5, 1997.