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NASD E-Mail Discounts' Criticized

Traders Magazine, November 2000

William Hoffman

An NASD spokesperson calls an e-mail to members offering "quality products at a discount price" an "affinity program."

One NASD member calls it is a scam. In two letters to the SEC, Alan Davidson, president of the Independent Broker Dealers Association, slammed it as a "continuing violation and abuse of the NASD Regulatory E-mail Notification list."

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