Comments on NASD Rulemaking

Notice of Filing of Proposed Rule Change and Amendment Nos. 1 and 2 by the National Association of Securities Dealers, Inc. Relating to Proposed Amendments to Reduce the Reporting Period for Transactions in TRACE-Eligible Securities

(Release No. 34-49607; File No. SR-NASD-2004-057)

• Comments of Alan H. Schlesinger, Sage Securities Corp., May 20, 2004 (File name: ahschlesinger052004.txt)

• Comments of Richard F. Seifer, President and C.E.O., Bernard, Richards Securities Inc., May 10, 2003 (File name: rfseifer051004.pdf)