For Your Information - March 1989

For Your Information (March)

Published Date:

For Your Information

National Association of Securities Dealers, Inc.

March 1989

Series 7 Test Changes For March; Permanent Site Change in Anchorage

Memphis Test Site for March

The March 18, 1989, Series 7 exam in Memphis will be held at:

Sheraton Hotel
300 N. 2nd Street
Memphis, TN

Atlanta Test Site for March

The March 18, 1989, Series 7 exam in Atlanta will be held at:

Georgia International Convention & Trade Center
1902 Sullivan Road
College Park, GA

The Georgia International Convention & Trade Center is located one mile north of the Hartsfield Airport on Sullivan Road, which is off Riverdale Road and is next to the Holiday Inn Crowne Plaza.

Permanent Site Change

Candidates are reminded that the location for all First Saturday and Third Saturday exams in Anchorage is:

Alaska Pacific University
Great Hall
Room 215
Anchorage, AK

Series 63 Exam Implemented in Nebraska Effective March 15, 1989

The state of Nebraska will begin requiring the Series 63 USASLE exam as a prerequisite for agent registration for agent registration in the state.

The requirement will apply for all agents who have never been registered in the state of Nebraska or have not been registered within the past two years.

Questions should be directed to NASD Information Services at (301) 590-6500.

Update to State Participation in CRD Form BD and BDW Processing

Notice to Members 89-6 provided information effective February 1, 1989, regarding state participation in CRD Phase II, the Form BD and Form BDW processing phase of the CRD system. Form BD is the primary broker-dealer application used by the NASD and the states.

Once registered, firms are under a continuing obligation to keep current the information reported on Form BD. Since that time, several states have changed aspects of their participation.

In summary, the changes are:

Arkansas: Change from participating to non-participating.
Delaware: Fee changed from $150 to $10.
Kentucky: Fee no longer collected through CRD.
Texas: Fee now collected through CRD.
Wisconsin: Fee changed from $300 to $400.

Questions regarding this notice should be directed to NASD Information Services at (301) 590-6500.

This notice includes a revised chart indicating the states that will participate in Phase II as of February 1, 1989. All states listed as participants will accept the Form BD amendments and Forms BDW filed with CRD in place of an original filing made directly with their offices.

The chart also reflects current state broker-dealer initial registration filing fees and indicates whether the state will collect these fees through CRD.

CRD Phase II Participants

As of February 1, 1989

CRD collection of state initial registration fees will be accomplished by submission of Pages 1 and 2 of Form BD along with the designated fees. Please contact the appropriate state(s) to determine any additional filing requirements. ( Y=yes; N=no). (Note: All changes are in bold.)

State

Participating Form BD Amendment and Form BDW

CRD Collection of Initial Reg. Fee

Initial B/D Reg. Fee

AL

Y

Y

200

AK

Y

N

—

AZ

N

N

—

AR

N

N

—

CA

Y

N

CO

Y

Y

75

CT

Y

Y

250

DE

Y

Y

10

DC

Y

Y

250

FL

N

N

—

GA

Y

Y

250

HI

Y

Y

100

ID

Y

Y

75

IL

Y

Y

200

IN

Y

Y

250

IA

Y

Y

200

KS

Y

Y

100

KY

Y

N

—

LA

Y

Y

250

ME

Y

Y

100

MD

Y

Y

125

MA

Y

Y

300

MI

N

N

—

MN

Y

Y

200

MS

Y

Y

125

MO

Y

Y

200

MT

Y

Y

200

NE

N

N

—

NV

Y

N

—

NH

N

N

—

NJ

N

N

—

NM

Y

Y

300

NY

Y

N

—

NC

Y

Y

200

ND

Y

Y

100

OH

Y

Y

150

OK

Y

Y

300

OR

Y

Y

100

PA

Y

Y

125

PR

N

N

—

RI

Y

Y

200

SC

Y

Y

100

SD

Y

Y

150

TN

Y

Y

200

TX

Y

Y

180

UT

Y

Y

75

VT

Y

Y

200

VA

Y

N

—

WA

Y

Y

150

WV

Y

Y

150

WI

Y

Y

400

WY

Y

Y

100