TO: All NASD Members and Level 2 and Level 3 Subscribers

On Tuesday, February 4, 1986, 19 issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 2,237. These 19 issues, which will begin trading under real-time trade reporting, are entering the NASDAQ/NMS pursuant to the Securities and Exchange Commission's criteria for voluntary designation.

The 19 issues scheduled to join NASDAQ/NMS on Tuesday, February 4, 1986, are:

TO: All NASD Members

ATTN: Operations Officer, Cashier, Fail-Control Department

On January 27, 1986, the United States District Court of Pennsylvania, Eastern Division, appointed a SIPC Trustee for the above-captioned firm.

Members may use the "immediate close-out" procedures as provided in Section 59(i)(2) of the NASD's Uniform Practice Code to close out open OTC contracts. Also, MSRB Rule G-12(h)(iii) provides that members may use the above procedures to close out transactions in municipal securities.

TO: All NASD Members

ATTN: Operations Officer, Cashier, Fail-Control Department

On January 30, 1986, the United States District Court for the Eastern District of Arkansas appointed a SIPC Trustee for the above-captioned firm. Previously on January 28, Richard Smith, Esquire had been appointed a Trustee under Chapter 7 of the Bankruptcy Act.

TO: All NASD Members and Other Interested Persons

LAST DATE FOR COMMENT: MARCH 26, 1986

The amended NASD Rules of Fair Practice, proposed by the NASD's Ad Hoc Committee on Rule and By-Law Amendments, which reviews and revises the NASD's By-Laws, rules and interpretations, are attached for comment by members and other interested persons.

TO: All NASD Members and Level 2 and Level 3 Subscribers

On Tuesday, February 18, 1986, 22 issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 2,246. These 22 issues, which will begin trading under real-time trade reporting, are entering the NASDAQ/NMS pursuant to the Securities and Exchange Commission's criteria for voluntary designation.

The 22 issues scheduled to join NASDAQ/NMS on Tuesday, February 18, 1986, are:

TO: All NASD Members and Other Interested Persons

TO: All NASD Members, NASDAQ Issuers and Other Interested Persons

LAST DATE FOR COMMENT: MARCH 23, 1986

TO: All NASD Members and Level 2 and Level 3 Subscribers

On Tuesday, March 4, 1986, 14 issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 2,259. These 14 issues, which will begin trading under real-time trade reporting, are entering the NASDAQ/NMS pursuant to the Securities and Exchange Commission's criteria for voluntary designation.

The 14 issues scheduled to join NASDAQ/NMS on Tuesday, March 4, 1986, are:

TO: All NASD Members and Other Interested Persons

TO: All NASD Members and Other Interested Persons

On March 17, 1986, several amendments to SEC Rule 10b-10, the customer confirmation rule, will become effective. The amendments will require broker-dealers to report on customer confirmations trade prices and mark-ups and mark-downs in principal transactions in reported securities. "Reported securities" include NASDAQ National Market System (NASDAQ/NMS) securities and listed securities meeting New York or American Stock Exchange listing requirements.

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