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
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.
5. N/A - This applies to out vendor.
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.
Raymond C. Baker or Joseph P. Traba
ML Stern & Co., LLC
8350 Wilshire Blvd
Beverly Hills, CA 90211
NASD Member, Investor, & Registered Representative