SR-NASD-2002-050

Revisions to Series 39 Examination Program

NASD has filed with the SEC revisions to the examination specifications and study outline for the Limited Principal—Direct Participation Programs (Series 39) examination program. The proposed revisions update the material to reflect changes to the laws, rules, and regulations covered by the examination and to reflect more accurately the duties and responsibilities of a direct participation programs principal. Additionally, the proposed revisions change the method for scoring the Series 39 examination.