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June 2000 


NASD PLANS TO ELIMINATE OUTDATED RULES

May 23, 2001

The NASD announced that it is reviewing its entire set of rules to eliminate outdated rules. It has hired an outside consultant to assist it in its review. Any elimination of, or modification to, a rule would have to be approved by the SEC. The NASD welcomes comments from the industry.

See http://www.nasdr.com/2610_2001.asp for a copy of the release requesting comments from the industry.


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