SR-NASD-2005-114

Proposed Amendments for Rule 2810 Addressing Compensation Fees and Expenses in Public Offerings of REITs and DPPs

NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend NASD Rule 2810 to address the regulation of compensation, fees, and expenses in public offerings of real estate investments trusts and direct participation programs.