Grandfather Clause Removal Results - NSS stocks

[calitrader]

******BIG UPDATE******

I will be posting this in the ibox shortly.

I just got off the phone with Ann Sulzberg (attourney at SEC) she is in the investor education dept with the SEC.

Q. When will this new GC ruling become effective?
A. Look for the ruling federal register in 1-2 weeks on SEC website. 60 days from when it appears in the federal register it should take affect. The particulars will be outlined at that time as well.

To sum things up we are looking at 74 days or so to be in effect and another 35 days after that of activity to correct the FTD's. So imo we won't see the effects of the ruling until late August through the end of September.