Self-Regulatory Organizations; National Association of Securities Dealers, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Portfolio Margin, 14841-14842 [E7-5814]
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Federal Register / Vol. 72, No. 60 / Thursday, March 29, 2007 / Notices
submission should refer to File No. SR–
FICC–2006–19 and should be submitted
on or before April 19, 2007.
italics; proposed deletions are in
[brackets].
*
*
*
*
*
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.2
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–5752 Filed 3–28–07; 8:45 am]
2520. Margin Requirements
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–55518; File No. SR–NASD–
2007–024]
Self-Regulatory Organizations;
National Association of Securities
Dealers, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Relating to Portfolio
Margin
March 23, 2007.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (‘‘Act’’
or ‘‘Exchange Act’’) 1 and Rule 19b–4
thereunder,2 notice is hereby given that
on March 20, 2007, the National
Association of Securities Dealers, Inc.
(‘‘NASD’’) filed with the Securities and
Exchange Commission (‘‘Commission’’)
the proposed rule change as described
in Items I and II below, which Items
have been prepared by NASD. NASD
has filed the proposed rule as a ‘‘noncontroversial’’ rule change pursuant to
Section 19(b)(3)(A) of the Act 3 and Rule
19b–4(f)(6) thereunder,4 which renders
it effective upon filing with the
Commission. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
NASD is proposing to correct a
typographical error in NASD Rule 2520
(Margin Requirements). In particular,
the proposed rule change would amend
NASD Rule 2520 to re-label a
subparagraph that was incorrectly
identified as part of a recent rule filing.
Below is the text of the proposed rule
change.5 Proposed new language is in
jlentini on PROD1PC65 with NOTICES
2 17
CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(6).
5 The underlying rule text used in this proposed
rule change is based on NASD Rule 2520, as
amended by SR–NASD–2007–013, which will be
implemented on April 2, 2007. See Exchange Act
Release No. 55471 (March 14, 2007), 72 FR 13149
VerDate Aug<31>2005
17:20 Mar 28, 2007
Jkt 211001
(a) through (f) No Change.
(g) Portfolio Margin.
As an alternative to the ‘‘strategybased’’ margin requirements set forth in
paragraphs (a) through (f) of this Rule,
members may elect to apply the
portfolio margin requirements set forth
in this paragraph (g) to all margin equity
securities,1 listed options, security
futures products (as defined in Section
3(a)(56) of the Exchange Act), unlisted
derivatives, warrants, index warrants
and related instruments, provided that
the requirements of paragraph
(g)(6)(B)(i) of this Rule are met.
In addition, a member, provided that
it is a Futures Commission Merchant
(‘‘FCM’’) and is either a clearing
member of a futures clearing
organization or has an affiliate that is a
clearing member of a futures clearing
organization, is permitted under this
paragraph (g) to combine an eligible
participant’s related instruments as
defined in paragraph (g)(2)(D), with
listed index options, unlisted
derivatives, options on exchange traded
funds (‘‘ETF’’), index warrants and
underlying instruments and compute a
margin requirement for such combined
products on a portfolio margin basis.
The portfolio margin provisions of
this Rule shall not apply to Individual
Retirement Accounts (‘‘IRAs’’).
(1) through (5) No Change.
(6) Establishing Account and Eligible
Positions.l
(A) No Change.
(B) Eligible Products.
(i) For eligible participants as
described in paragraphs (g)(4)(A)
through (g)(4)(C), a transaction in, or
transfer of, an eligible product may be
effected in the portfolio margin account.
Eligible products under this paragraph
(g) consist of:
(a) through (e) No Change.
[(d)](f) a related instrument as defined
in paragraph (g)(2)(D).
(7) through (15) No Change.
1For purposes of this paragraph (g) of the
Rule, the term ‘‘margin equity security’’
utilizes the definition at Section 220.2 of
Regulation T of the Board of Governors of the
Federal Reserve System.
*
*
*
*
*
(March 20, 2007) (Notice of filing and immediate
effectiveness of File No. SR–NASD–2007–013).
PO 00000
Frm 00075
Fmt 4703
Sfmt 4703
14841
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
NASD included statements concerning
the purpose of and basis for the
proposed rule change and discussed any
comments it received on the proposed
rule change. The text of these statements
may be examined at the places specified
in Item IV below. NASD has prepared
summaries, set forth in sections A, B,
and C below, of the most significant
aspects of such statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
On February 12, 2007, NASD filed
with the Commission for immediate
effectiveness a proposed rule change to
amend Rule 2520 (Margin
Requirements) to establish a portfolio
margin pilot program.6 The Commission
published notice of the proposed rule
change in the Federal Register on
March 20, 2007.7 The proposed rule
change, among other things, added a
new paragraph (g)(6)(B)(i) that specifies
in separate subparagraphs a list of the
eligible products for the portfolio
margin pilot program. This list of
eligible products in paragraph
(g)(6)(B)(i) inadvertently identifies two
provisions as subparagraph (d). NASD is
filing this proposed rule change to relabel the last subparagraph (d) as
subparagraph (f).
NASD has filed the proposed rule
change for immediate effectiveness. As
noted above, the proposed rule change
is part of a pilot program that would
6 The portfolio margin pilot program is
substantially similar to recent margin rule
amendments by the New York Stock Exchange
(‘‘NYSE’’) and the Chicago Board Options Exchange
(‘‘CBOE’’), which were approved by the
Commission. See Exchange Act Release No. 54918
(December 12, 2006), 71 FR 75790 (December 18,
2006) (SR–NYSE–2006–13, relating to further
amendments to the NYSE’s portfolio margin pilot
program); Exchange Act Release No. 54125 (July 11,
2006), 71 FR 40766 (July 18, 2006) (SR–NYSE–
2005–93, relating to amendments to the NYSE’s
portfolio margin pilot program); Exchange Act
Release No. 52031 (July 14, 2005) 70 FR 42130 (July
21, 2005) (SR–NYSE–2002–19, relating to the
NYSE’s original portfolio margin pilot). See also
Exchange Act Release No. 54919 (December 12,
2006), 71 FR 75781 (December 18, 2006) (SR–
CBOE–2006–014, relating to amendments to the
CBOE’s portfolio margin pilot); Exchange Act
Release No. 52032 (July 14, 2005) 70 FR 42118 (July
21, 2005) (SR–CBOE–2002–03, relating to the
CBOE’s original portfolio margin pilot).
7 See Exchange Act Release No. 55471 (March 14,
2007), 72 FR 13149 (March 20, 2007) (Notice of
filing and immediate effectiveness of File No. SR–
NASD–2007–013).
E:\FR\FM\29MRN1.SGM
29MRN1
14842
Federal Register / Vol. 72, No. 60 / Thursday, March 29, 2007 / Notices
begin on April 2, 2007 and end on July
31, 2007, unless the SEC approves an
extension of the pilot or adoption of the
program on a permanent basis.
2. Statutory Basis
NASD believes that the proposed rule
change is consistent with the provisions
of Section 15A(b)(6) of the Act,8 which
requires, among other things, that NASD
rules be designed to prevent fraudulent
and manipulative acts and practices, to
promote just and equitable principles of
trade, and, in general, to protect
investors and the public interest. NASD
believes that this technical change is
consistent with the protection of
investors and the public interest in that
it will avoid any confusion when
reading the provisions of Rule
2520(g)(6)(B)(i).
B. Self-Regulatory Organization’s
Statement on Burden on Competition
NASD does not believe that the
proposed rule change will result in any
burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments were neither
solicited nor received.
jlentini on PROD1PC65 with NOTICES
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing proposed rule change is
subject to Section 19(b)(3)(A)(iii) of the
Act 9 and Rule 19b–4(f)(6) thereunder 10
because the proposal: (i) Does not
significantly affect the protection of
investors or the public interest; (ii) does
not impose any significant burden on
competition; and (iii) does not become
operative prior to 30 days after the date
of filing or such shorter time as the
Commission may designate. At any time
within 60 days of the filing of such
proposed rule change, the Commission
may summarily abrogate such rule
change if it appears to the Commission
that such action is necessary or
appropriate in the public interest, for
the protection of investors, or otherwise
in furtherance of the purposes of the
Act.
NASD has asked the Commission to
waive the five-day pre-filing notice
requirement and the 30-day operative
delay. The Commission believes such
waivers are consistent with the
8 15
U.S.C. 78o–3(b)(6).
U.S.C. 78s(b)(3)(A)(iii).
10 17 CFR 240.19b–4(f)(6).
9 15
VerDate Aug<31>2005
17:20 Mar 28, 2007
Jkt 211001
protection of investors and the public
interest because they would allow the
technical corrections in the proposed
rule change to be implemented on April
2, 2007, when the NASD portfolio
margin pilot program begins, pursuant
to SR–NASD–2007–013.11 For this
reason, the Commission designates the
proposal to be operative upon filing
with the Commission.12
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
information from submissions. You
should submit only information that
you wish to make available publicly. All
submissions should refer to File
Number SR–NASD–2007–024 and
should be submitted on or before April
19, 2007.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.13
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–5814 Filed 3–28–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–NASD–2007–024 on the
subject line.
[Release No. 34–55517; File No. SR–NYSE–
2007–06]
Paper Comments
• Send paper comments in triplicate
to Nancy M. Morris, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File
Number SR–NASD–2007–024. This file
number should be included on the
subject line if e-mail is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
Internet Web site (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for inspection and copying in
the Commission’s Public Reference
Room. Copies of such filing also will be
available for inspection and copying at
the principal office of NASD. All
comments received will be posted
without change; the Commission does
not edit personal identifying
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’),2 and Rule 19b-4 thereunder,
notice is hereby given that on January
25, 2007, the New York Stock Exchange
LLC (‘‘NYSE’’ or ‘‘Exchange’’) filed with
the Securities and Exchange
Commission (‘‘Commission’’) the
proposed amendments to its Rule 440A,
as described in Items I, II and III below,
which items have been prepared by the
Exchange. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
11 For purposes only of waiving the 30-day preoperative period, the Commission has considered
the proposed rule’s impact on efficiency,
competition and capital formation. 15 U.S.C. 78c(f).
12 See supra note 7.
PO 00000
Frm 00076
Fmt 4703
Sfmt 4703
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing of Proposed Rule Change to
NYSE Rule 440A (‘‘Telephone
Solicitations’’)
March 23, 2007.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The New York Stock Exchange LLC is
filing with the Securities and Exchange
Commission proposed Rule 440A
(‘‘Telephone Solicitations’’) which
addresses member organizations’
telephone solicitations of customers.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
Exchange included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of the
proposed rule change is available on the
13 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
1 15
E:\FR\FM\29MRN1.SGM
29MRN1
]]>Agencies
[Federal Register Volume 72, Number 60 (Thursday, March 29, 2007)]
[Notices]
[Pages 14841-14842]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-5814]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-55518; File No. SR-NASD-2007-024]
Self-Regulatory Organizations; National Association of Securities
Dealers, Inc.; Notice of Filing and Immediate Effectiveness of Proposed
Rule Change Relating to Portfolio Margin
March 23, 2007.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'' or ``Exchange Act'') \1\ and Rule 19b-4 thereunder,\2\ notice
is hereby given that on March 20, 2007, the National Association of
Securities Dealers, Inc. (``NASD'') filed with the Securities and
Exchange Commission (``Commission'') the proposed rule change as
described in Items I and II below, which Items have been prepared by
NASD. NASD has filed the proposed rule as a ``non-controversial'' rule
change pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b-
4(f)(6) thereunder,\4\ which renders it effective upon filing with the
Commission. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ 15 U.S.C. 78s(b)(3)(A).
\4\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
NASD is proposing to correct a typographical error in NASD Rule
2520 (Margin Requirements). In particular, the proposed rule change
would amend NASD Rule 2520 to re-label a subparagraph that was
incorrectly identified as part of a recent rule filing. Below is the
text of the proposed rule change.\5\ Proposed new language is in
italics; proposed deletions are in [brackets].
---------------------------------------------------------------------------
\5\ The underlying rule text used in this proposed rule change
is based on NASD Rule 2520, as amended by SR-NASD-2007-013, which
will be implemented on April 2, 2007. See Exchange Act Release No.
55471 (March 14, 2007), 72 FR 13149 (March 20, 2007) (Notice of
filing and immediate effectiveness of File No. SR-NASD-2007-013).
---------------------------------------------------------------------------
* * * * *
2520. Margin Requirements
(a) through (f) No Change.
(g) Portfolio Margin.
As an alternative to the ``strategy-based'' margin requirements set
forth in paragraphs (a) through (f) of this Rule, members may elect to
apply the portfolio margin requirements set forth in this paragraph (g)
to all margin equity securities,\1\ listed options, security futures
products (as defined in Section 3(a)(56) of the Exchange Act), unlisted
derivatives, warrants, index warrants and related instruments, provided
that the requirements of paragraph (g)(6)(B)(i) of this Rule are met.
In addition, a member, provided that it is a Futures Commission
Merchant (``FCM'') and is either a clearing member of a futures
clearing organization or has an affiliate that is a clearing member of
a futures clearing organization, is permitted under this paragraph (g)
to combine an eligible participant's related instruments as defined in
paragraph (g)(2)(D), with listed index options, unlisted derivatives,
options on exchange traded funds (``ETF''), index warrants and
underlying instruments and compute a margin requirement for such
combined products on a portfolio margin basis.
The portfolio margin provisions of this Rule shall not apply to
Individual Retirement Accounts (``IRAs'').
(1) through (5) No Change.
(6) Establishing Account and Eligible Positions.l
(A) No Change.
(B) Eligible Products.
(i) For eligible participants as described in paragraphs (g)(4)(A)
through (g)(4)(C), a transaction in, or transfer of, an eligible
product may be effected in the portfolio margin account. Eligible
products under this paragraph (g) consist of:
(a) through (e) No Change.
[(d)](f) a related instrument as defined in paragraph (g)(2)(D).
(7) through (15) No Change.
\1\For purposes of this paragraph (g) of the Rule, the term
``margin equity security'' utilizes the definition at Section 220.2
of Regulation T of the Board of Governors of the Federal Reserve
System.
* * * * *
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, NASD included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. NASD has prepared summaries, set forth in sections A, B,
and C below, of the most significant aspects of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
On February 12, 2007, NASD filed with the Commission for immediate
effectiveness a proposed rule change to amend Rule 2520 (Margin
Requirements) to establish a portfolio margin pilot program.\6\ The
Commission published notice of the proposed rule change in the Federal
Register on March 20, 2007.\7\ The proposed rule change, among other
things, added a new paragraph (g)(6)(B)(i) that specifies in separate
subparagraphs a list of the eligible products for the portfolio margin
pilot program. This list of eligible products in paragraph (g)(6)(B)(i)
inadvertently identifies two provisions as subparagraph (d). NASD is
filing this proposed rule change to re-label the last subparagraph (d)
as subparagraph (f).
---------------------------------------------------------------------------
\6\ The portfolio margin pilot program is substantially similar
to recent margin rule amendments by the New York Stock Exchange
(``NYSE'') and the Chicago Board Options Exchange (``CBOE''), which
were approved by the Commission. See Exchange Act Release No. 54918
(December 12, 2006), 71 FR 75790 (December 18, 2006) (SR-NYSE-2006-
13, relating to further amendments to the NYSE's portfolio margin
pilot program); Exchange Act Release No. 54125 (July 11, 2006), 71
FR 40766 (July 18, 2006) (SR-NYSE-2005-93, relating to amendments to
the NYSE's portfolio margin pilot program); Exchange Act Release No.
52031 (July 14, 2005) 70 FR 42130 (July 21, 2005) (SR-NYSE-2002-19,
relating to the NYSE's original portfolio margin pilot). See also
Exchange Act Release No. 54919 (December 12, 2006), 71 FR 75781
(December 18, 2006) (SR-CBOE-2006-014, relating to amendments to the
CBOE's portfolio margin pilot); Exchange Act Release No. 52032 (July
14, 2005) 70 FR 42118 (July 21, 2005) (SR-CBOE-2002-03, relating to
the CBOE's original portfolio margin pilot).
\7\ See Exchange Act Release No. 55471 (March 14, 2007), 72 FR
13149 (March 20, 2007) (Notice of filing and immediate effectiveness
of File No. SR-NASD-2007-013).
---------------------------------------------------------------------------
NASD has filed the proposed rule change for immediate
effectiveness. As noted above, the proposed rule change is part of a
pilot program that would
[[Page 14842]]
begin on April 2, 2007 and end on July 31, 2007, unless the SEC
approves an extension of the pilot or adoption of the program on a
permanent basis.
2. Statutory Basis
NASD believes that the proposed rule change is consistent with the
provisions of Section 15A(b)(6) of the Act,\8\ which requires, among
other things, that NASD rules be designed to prevent fraudulent and
manipulative acts and practices, to promote just and equitable
principles of trade, and, in general, to protect investors and the
public interest. NASD believes that this technical change is consistent
with the protection of investors and the public interest in that it
will avoid any confusion when reading the provisions of Rule
2520(g)(6)(B)(i).
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78o-3(b)(6).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
NASD does not believe that the proposed rule change will result in
any burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
Written comments were neither solicited nor received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing proposed rule change is subject to Section
19(b)(3)(A)(iii) of the Act \9\ and Rule 19b-4(f)(6) thereunder \10\
because the proposal: (i) Does not significantly affect the protection
of investors or the public interest; (ii) does not impose any
significant burden on competition; and (iii) does not become operative
prior to 30 days after the date of filing or such shorter time as the
Commission may designate. At any time within 60 days of the filing of
such proposed rule change, the Commission may summarily abrogate such
rule change if it appears to the Commission that such action is
necessary or appropriate in the public interest, for the protection of
investors, or otherwise in furtherance of the purposes of the Act.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(3)(A)(iii).
\10\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------
NASD has asked the Commission to waive the five-day pre-filing
notice requirement and the 30-day operative delay. The Commission
believes such waivers are consistent with the protection of investors
and the public interest because they would allow the technical
corrections in the proposed rule change to be implemented on April 2,
2007, when the NASD portfolio margin pilot program begins, pursuant to
SR-NASD-2007-013.\11\ For this reason, the Commission designates the
proposal to be operative upon filing with the Commission.\12\
---------------------------------------------------------------------------
\11\ For purposes only of waiving the 30-day pre-operative
period, the Commission has considered the proposed rule's impact on
efficiency, competition and capital formation. 15 U.S.C. 78c(f).
\12\ See supra note 7.
---------------------------------------------------------------------------
IV. Solicitation of Comments
Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
Use the Commission's Internet comment form (https://
www.sec.gov/rules/sro.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include
File Number SR-NASD-2007-024 on the subject line.
Paper Comments
Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.
All submissions should refer to File Number SR-NASD-2007-024. This file
number should be included on the subject line if e-mail is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (https://www.sec.gov/rules/
sro.shtml). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for inspection and
copying in the Commission's Public Reference Room. Copies of such
filing also will be available for inspection and copying at the
principal office of NASD. All comments received will be posted without
change; the Commission does not edit personal identifying information
from submissions. You should submit only information that you wish to
make available publicly. All submissions should refer to File Number
SR-NASD-2007-024 and should be submitted on or before April 19, 2007.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\13\
---------------------------------------------------------------------------
\13\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-5814 Filed 3-28-07; 8:45 am]
BILLING CODE 8010-01-P
