Comment to 08-24 - National

VIA ELECTRONIC MAIL June 12, 2008 Marcia E. Asquith Office of the Corporate Secretary Financial Industry Regulatory Authority 1735 K Street, NW Washington, DC 20006-1506 Re: Comment Letter - Regulatory Notice 08-24, Proposed Amendments to Supervision and Supervisory Controls Dear Ms. Asquith: National Planning Holdings, Inc. (NPH) offers this comment letter on behalf of its subsidiary broker-dealers, all of which are Financial Industry Regulatory Authority (FINRA) member firms: Invest Financial Corporation (IFC) CRD – 12984 Investment Centers of America (ICA) CRD – 16443 National Planning Corporation (NPC) CRD – 29604 SII Investments (SII) CRD – 2225 The four introducing retail broker-dealers and registered investment advisers are registered to conduct business in all domestic jurisdictions, with over 3000 Registered Representatives offering investment services from over 400 Offices of Supervisory Jurisdiction (OSJ). We appreciate the opportunity to submit comments on the issues raised in Regulatory Notice 08-24 regarding the proposal to consolidate FINRA rules governing Supervision and Supervisory Controls. The thoughts and comments provided in this letter have been reviewed by members of senior staff, including the respective broker-dealer Presidents and Chief Compliance Officers, and represent the collective view of the broker-dealers within our organization. We provide the following ...