SR-NASD-2004-164

Random Selection of Arbitrators by the Neutral List Selection System; Accelerated Effectiveness Requested

NASD has filed with the SEC a proposed rule change to amend Rule 10308 of the NASD Code of Arbitration Procedure (“Code”) to change the method used by the Neutral List Selection System to select arbitrators from rotational to random, as proposed in the pending Customer and Industry Code revisions.