SR-NASD-2006-038

Proposed Amendments to Rule 1013 to Adopt a Standardized New Member Application Form

NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend Rule 1013 (New Member Application and Interview) to adopt a standardized new member application form, Form NMA, to be used by all new applicants applying for membership to NASD. The proposed rule change also makes several technical changes to Rules 1013 and 1014.