Subject: File No. SR-NYSE-2007-41
From: Nooshin

June 1, 2007

Dear Sir/Madam,

I was reading the noted above case number and came to find out that if you as a supervisor who has taken the S24 on or after July 2, 2001 can qualify you under the NYSE exception to supervise the brokers as a branch manager to a limited degree. Please explain the above date (July 2,2001)and not prior.

Why wouldn't an individual who took the exam prior to July 2, 2001 be qualified as a branch manager for an NYSE branch?

I appreciate your response.