The National Association of Securities Dealers (NASD) has put investors on notice. The trade group warned investors they need to pay attention to whether commission breakpoints on their fund purchases are properly recognized in a public letter released on Tuesday.

A copy of the investor alert is located on the Web at http://www.nasdr.com/alert_breakpoint.htm.

A joint SEC and NASD research project conducted last summer first highlighted the issue. More recently Representative Michael Sarbanes (R, Ohio), has asked for both bodies to cooperate with a House Financial Service Committee as it looks into the issue.  

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