Notice To Members 86-21

TO: All NASD Members and Municipal Securities Bank Dealers

ATTN: All Operations Personnel

Securities markets and the NASDAQ System will be closed on Good Friday, March 28, 1986. "Regular-way" transactions made on the business days immediately preceding that day will be subject to the following schedule.

Trade Date-Settlement Date Schedule For "Regular-Way" Transactions

Trade Date

Notice To Members 86-22

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

On Tuesday, April 1, 1986, 11 issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 2,280. These 11 issues, which will begin trading under real-time trade reporting, are entering NASDAQ/NMS pursuant to the Securities and Exchange Commission's criteria for voluntary designation.

The 11 issues scheduled to join NASDAQ/NMS on Tuesday, April 1, 1986, are:

Notice To Members 86-24

TO: All NASD Members

ATTN: Operations Officer, Cashier, Fail-Control Department

On March 26, 1986, the United States District Court, of New Jersey appointed a SIPC Trustee for the above-captioned firm. Previously, a Trustee in Bankruptcy had been appointed for the firm on July 29, 1985.

Notice To Members 86-25

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

On Tuesday, April 15, 1986, 37 issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 2,307. These 37 issues, which will begin trading under real-time trade reporting, are entering NASDAQ/NMS pursuant to the Securities and Exchange Commission's criteria for voluntary designation.

The 37 issues scheduled to join NASDAQ/NMS on Tuesday, April 15, 1986, are:

Notice To Members 86-27

TO: All NASD Members and Other Interested Persons

ATTN: Corporate Financing Department

The National Association of Securities Dealers, Inc. (NASD), has adopted amendments to the Filing Requirements Section of the Interpretation of the Board of Governors — Review of Corporate Financing, Article III, Section 1 of the NASD Rules of Fair Practice (Corporate Financing Interpretation) which are effective immediately. The new text of the Filing Requirements Section is attached to this notice.

Notice To Members 86-29

IMPORTANT MAIL VOTE

OFFICERS, PARTNERS AND PROPRIETORS

TO: All NASD Members and Other Interested Persons

LAST VOTING DATE IS MAY 23, 1986

Members of the National Association of Securities Dealers, Inc. (NASD), are invited to vote on a proposed amendment to Article III, Section 21 of the NASD Rules of Fair Practice. The proposed amendment has been approved by the NASD Board of Governors and now requires the membership's approval.

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