Notice to Members 05-03
NASD Provides Updated Options Exemption Listing
Published Date:
GUIDANCE
Trading Activity Fee
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SUGGESTED ROUTING |
KEY TOPICS |
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Legal & Compliance |
Options Exemption |
Discussion
In 2003, the Securities and Exchange Commission (SEC) approved amendments to the NASD By-Laws establishing a Trading Activity Fee (TAF).1 Among the covered securities excluded from the TAF are transactions in exchange-listed options effected by a member for which NASD is not the designated options examining authority (DOEA). Attached is an updated list of broker-dealers, effective January 1, 2005, for which NASD is not the DOEA. All member firms, other than those listed in Attachment A, are assessed a TAF on transactions they effect in exchange-listed options. As changes are required, a revised list will be published in a future Notice to Members.Questions/Further Information
Questions concerning this Notice should be directed to NASD Finance at (240) 386-5397, or the Office of General Counsel, Regulatory Policy and Oversight, at (202) 728-8071.
2005 DOEA ALLOCATIONS FIRMS NOT DESIGNATED TO NASD
| Firm ID | SEC 8 - # | MPID |
Firm Name | City | State |
| 7537 | 8-21897 | ANOS | ABEL NOSER CORP | NEW YORK | NY |
| 15776 | 8-32746 | CHGO | ABN AMRO INCORPORATED | CHICAGO | IL |
| 13071 | 8-23522 | BKBS | ADP CLEARING & OUTSOURCING SERVICES (Fleet securities) |
NEW YORK | NY |
| 10 | 8-21409 | ADVS | ADVEST, INC. | HARTFORD | CT |
| 5835 | 8-16555 | BCOM | BAKER & CO., INCORPORATED | CLEVELAND | OH |
| 26091 | 8-42263 | BOFA | BANC OF AMERICA SECURITIES LLC | CHARLOTTE | NC |
| 17066 | 8-32954 | BCHW | BIRCHWOOD SECURITIES CORP. | MEDFORD | NJ |
| 35693 | 8-46838 | ECUT | BNY BROKERAGE INC. | NEW YORK | NY |
| 104487 | BBHC | BROWN BROTHERS HARIMAN | NEW YORK | NY | |
| 630 | 8-18333 | CIBC | CIBC WORLD MARKETS CORP. | NEW YORK | NY |
| 1588 | 8-17103 | DAVA | DAVENPORT & COMPANY LLC | RICHMOND | VA |
| 115740 | 8-53521 | DOYL | DOYLE MILES & CO | NEW YORK | NY |
| 41957 | 8-49647 | DRKW | DRESDNER KLEINWORT WASSERSTEIN SECURITIES LLC | NEW YORK | NY |
| 25025 | 8-41354 | ETRS | E*TRADE CLEARING LLC | NEW YORK | NY |
| 1781 | 8-09952 | FAGI | FAGENSON & CO., INC. | NEW YORK | NY |
| 7784 | 8-23292 | FIBS | FIDELITY BROKERAGE SERVICES LLC | BOSTON | MA |
| 298 | 8-02018 | FACT | FIRST ALBANY CAPITAL INC. | ALBANY | NY |
| 361 | 8-00129 | GSCO | GOLDMAN, SACHS & CO. | NEW YORK | NY |
| 7536 | 8-32215 | WELC | H. G. WELLINGTON & CO., INC. | NEW YORK | NY |
| 16686 | 8-34344 | GKMC | HARRIS NESBITT GERARD, INC.- | NEW YORK | NY |
| 396 | 8-17737 | HAZL | HAZLETT, BURT & WATSON, INC. | WHEELING | WV |
| 22062 | 8-39382 | BRUS | HD BROUS & CO., INC. | GREAT NECK | NY |
| 867 | 8-02671 | WDSB | HELFANT GROUP, INC. (d/b/a JEFFERSON EXECUTION SERVICES) |
NEW YORK | NY |
| 28872 | 8-43978 | INGB | ING FINANCIAL MARKETS | NEW YORK | NY |
| 473 | 8-17530 | JOLE | JOHNSTON, LEMON & CO. INCORPORATED | WASHINGTON | DC |
| 7720 | 8-23135 | KBCO | KAHN BROTHERS & CO. INC. | NEW YORK | NY |
| 505 | 8-17230 | LTCO | LADENBURG, THALMANN & CO., INC. | NEW YORK | NY |
| 566 | 8-30177 | MDLD | MCDONALD INVESTMENTS INC. | CLEVELAND | OH |
| 2764 | 8-28816 | MSRO | MESIROW FINANCIAL, INC. | CHICAGO | IL |
| 21520 | 8-41415 | MDWD | MIDWOOD SECURITIES, INC. | NEW YORK | NY |
| 47293 | 8-51750 | MTCO | MILLER TABAK | NEW YORK | NY |
| 4161 | 8-15001 | MOKE | MORGAN KEEGAN & COMPANY, INC. | MEMPHIS | TN |
| 2908 | 8-01068 | NEUB | NEUBERGER BERMAN, LLC | NEW YORK | NY |
| 14020 | 8-34354 | SHMR | O'CONNOR & COMPANY | CHICAGO | IL |
| 7671 | 8-22871 | REND | REYNDERS, GRAY & CO., INCORPORATED | NEW YORK | NY |
| 18377 | 8-24255 | RBLT | ROSENBLATT SECURITIES INC. | NEW YORK | NY |
| 8330 | 8-24971 | SEAP | SEAPORT SECURITIES CORP. | NEW YORK | NY |
| 3403 | 8-04024 | SHRE | SHUFRO, ROSE & CO., LLC | NEW YORK | NY |
| 6220 | 8-45123 | SWST | SOUTHWEST SECURITIES, INC. | DALLAS | TX |
| 3466 | 8-00526 | SILK | SPEAR, LEEDS & KELLOGG, L.P. | NEW YORK | NY |
| 3496 | 8-01927 | SPHN | STEPHENS INC. | LITTLE ROCK | AR |
| 791 | 8-11754 | SALI | STERNE, AGEE & LEACH, INC. | BIRMINGHAM | AL |
| 6670 | 8-17758 | STOX | STOCKCROSS FINANCIAL SERVICES, INC. | BOSTON | MA |
| 5133 | 8-15656 | SPTW | STRASBOURGER PEARSON | NEW YORK | NY |
| 6271 | 8-17212 | STCM | SUNTRUST CAPITAL MARKETS, INC. | ATLANTA | GA |
| 7870 | 8-23395 | WATH | TD WATERHOUSE INVESTOR SERVICES, INC. | NEW YORK | NY |
| 877 | 8-12987 | WEDB | WEDBUSH MORGAN SECURITIES INC. | LOS ANGELES | CA |
| 39310 | 8-48636 | WEXS | WEXFORD CLEARING SERVICES, LLC | NEW YORK | NY |
| 1252 | 8-02698 | WBLR | WILLIAM BLAIR & COMPANY L.L.C. | CHICAGO | IL |
| 8056 | 8-24126 | YOSE | YORK SECURITIES, INC. | NEW YORK | NY |
1 See SEC Order Approving Proposed Rule Change to Eliminate the Regulatory Fee and Institute a Transaction-Based Trading Activity Fee, Exchange Act Rel. No. 47946 (May 30, 2003), 68 FR 34021 (June 6, 2003) (SR-NASD-2002-148).