From: David C. Becker, Sr.
Dear Ladies and Gentlemen:
I work for Mutual Service Corporation (MSC), which is a broker/dealer located in South Florida. It has been registered with the SEC and the NASD since 1969. MSC has in excess of 1,800 registered representatives.
It is MSCís belief that the "Point of Sale Requirements" proposal out for comment is a major rule change requiring more reflection and greater member input. Because, if adopted, its economic impact to our industry will be significant and, as written, the Proposal appears to cause more confusion with the investing public than the good it is intended to do.
Therefore, it is requested that the Commission provide the industry, at minimum, another 30 days to respond to this release. After having received substantially greater input from NASD members firms and their representatives, you will be able to better shape this regulation while accomplishing your intended objectives.
David C. Becker, Sr.