Notice To Members 88-23

TO: All NASD Members

ATTN: Operations Officer, Cashier, Fail-Control Department

On March 21, 1988, the United States District Court for the Eastern District of Wisconsin appointed a SIPC Trustee for the above member.

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.

Questions regarding the firm should be directed to:

SIPC Trustee

Notice To Members 88-26

April 12, 1988

TO: All NASD Members and Other Interested Persons

LAST DATE FOR COMMENT: MAY 12, 1988.

EXECUTIVE SUMMARY

The NASD requests comments on proposed amendments to Appendix A to Article III, Section 30 of the NASD Rules of Fair Practice (Appendix A), which contains the NASD's margin maintenance rules. The proposed amendments will update the NASD's margin maintenance rules to be more responsive to current market and risk concerns.

The text of the proposed amendments is attached.

BACKGROUND

Notice To Members 88-28

TO: All NASD Members and Other Interested Persons

The following are NASD Notices to Members issued during the first quarter of 1988. Requests for copies of any notice should be accompanied by a self-addressed mailing label and directed tos NASD Administrative Services, 1735 K Street, N.W., Washington, D.C. 20006-1506.

Notice Number

Date

Topic

Notice To Members 88-31

IMPORTANT MAIL VOTE

OFFICERS, PARTNERS, PROPRIETORS

TO: All NASD Members

LAST VOTING DATE IS JUNE 3, 1988

EXECUTIVE SUMMARY

NASD members are invited to vote on a proposed amendment to Article V, Section 1 of the NASD Rules of Fair Practice and Section 12(2) of the proposed Government Securities Rules. The amendments would remove the current limitation of $15,000 that a member or person associated with a member may be fined for each violation of the Rules of Fair Practice or the proposed Government Securities Rules.

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