NASD Fees on Muni Trades to Start April 1, 2005

Hume, Lynn
November 2004
Bond Buyer;11/16/2004, Vol. 350 Issue 32011, p29
Trade Publication
This article reports that the National Association of Securities Dealers (NASD) has said that it will impose its new trading activity fee on municipal securities beginning April 1, 2005. The association made the announcement ina notice to members. The notice asked member broker-dealer firms to write the NASD no later than January 1, 2005, if they have any interpretative questions about how the fee will be applied to certain debt issues. The deadline will give the NASD time to provide guidance so that members can program their systems for the new fee by April 2005, the association said.


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