SR-FINRA-2007-023

Proposed Rule Change to Delay Implementation of Certain Rule Changes Approved in SR-NASD-2005-146

FINRA (f/k/a National Association of Securities Dealers, Inc. ("NASD")) is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to establish January 14, 2008 as the final implementation date of the rule changes approved in SR-NASD-2005-146.