Comments on NASD Notice to Members 04-80

Attn: Barbara Z. Sweeney

 

Order Audit Trail System (OATS)

NASD Seeks Comment on Proposed Changes to the OATS Rules; Comment Period Expires January 20, 2005

 

Attachment A - comment form

 

1. No

2. The system is not efficient as related to open orders, order changes, and order cancellations.

3. Our provider ADP/SIS would have to update their system to comply.

4. No

5. N/A - This applies to out vendor.

6. N/A

7. Yes

8. N/A - This applies to our vendor.

9. Again, we would have to defer to our vendor as it applies to them complying with these changes.

 

Contact Information

 

Raymond C. Baker or Joseph P. Traba

ML Stern & Co., LLC

8350 Wilshire Blvd

Beverly Hills, CA 90211

Bakerr@mlstern.com or trabaj@mlstern.com

 

NASD Member, Investor, & Registered Representative