The National Association of Securities Dealers announced yesterday the formation of a 22-member joint mutual fund and brokerage industry task force on fund breakpoints.

The breakpoint task force, which will include members of academia, brokerage firms, transfer agents, the New York Stock Exchange, the NASD, the Securities Industry Association and mutual fund firms, will be chaired by Mary L. Schapiro, vice chairman and president of regulatory policy and oversight at the NASD.

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