The Hon. William Donaldson
The Hon. Paul Atkins
The Hon. Roel Campos
The Hon. Cynthia Glassman
The Hon. Harvey Goldschmid
Dear Commissioners:
I have just read two articles about the National Association of Securities Dealers at and  These articles raise questions about the competence, responsiveness, and integrity of NASD, particularly its District 10 office.
The SEC has a responsibility to investors to investigate the issues presented in these articles.  The evidence that NASD is not enforcing the law and has misled and refused to respond to law enforcement is too serious to be ignored.
Thank you for your attention.