NASD Special Notice to Members  98-064 - August 1998

Mail Vote-NASD Solicits Member Vote on Amendments to NASD By-Laws to Reconfigure NASD Board; Revised Last Voting Date: September 14, 1998

Executive Summary

The National Association of Securities Dealers, Inc. (NASD or Association) invites members to vote to approve the following amendments to the FINRABy-Laws: reserve one NASD Board of Governors (Board) position for a person representing an NASD member firm having not more than 150 registered persons; reserve two Board positions for the Chief Executive Officer and one Floor Governor of New Amex LLC (the operating successor organization to the American Stock Exchange [Amex]); and other clarifying amendments. The last voting date is September 14, 1998. The text of the proposed amendments follows this Notice.