Linsco/Private Ledger Corp.
December 23, 2003
Secretary, Securities and Exchange Commission
Re: File No. SR-NSCC-2003-21
We respectfully submit this letter in response to the request for comments to Release No. 34-48846: Notice of Proposed Rule Change Relating to the Separately Managed Accounts Service, SR-NSCC-2003-21.
LPL supports the NSCC initiative to develop an industry solution for an operational infrastructure/interface that can support the projected growth of the separately managed accounts industry.
David J. Freniere, Senior Vice President & Assistant General Counsel, Linsco/Private Ledger Corp.
Stephanie Brown, Managing Director & General Counsel, Linsco/Private Ledger Corp.