Press Release

WALTHAM, Mass. – May 23, 2007 – Wolters Kluwer Financial Services today announced that its Practical Guide to NASD Regulation, an explanatory guide to NASD® regulation for broker-dealers, is now available online via CCH® WallStreet’s Compliance Resource Network (CRN), a destination site for compliance professionals seeking comprehensive compliance and regulatory information, and the Wolters Kluwer Law & Business’ Internet Research Network.

The guide, which was released as a soft cover book last fall, completely reorganizes the NASD rules by functional areas of a broker-dealer, with plain-English rule summaries and cross-references to interpretive letters, notices to members, and more.

“In a book format, the Practical Guide serves as a quick, portable reference to NASD rules. By making this content available on the Web, the tool becomes even more powerful,” explained Peter Berkery, general manager of Securities Compliance Solutions at Wolters Kluwer Financial Services. “The online environment allows users to access regulations and cross-reference materials by simply clicking on a hyperlink. It provides instant access to the most up-to-date and easy-to-understand regulatory information in a way that enhances customer workflow.”

In a complex and ever-changing regulatory environment, the Practical Guide to NASD Regulation offers broker-dealers a resource that helps all of a firm’s professionals—compliance officers and attorneys, as well as branch managers and registered reps—gain access to the information they need to make informed decisions.

“Having easy access to rules and interpretations not only helps address compliance issues that arise, but it can also be very valuable in training and educational exercises,” said David Stephens, executive vice president of Securities and Insurance at Wolters Kluwer Financial Services. “It helps firms address all aspects of compliance and develop a holistic approach.”

The Practical Guide to NASD Regulation divides the NASD rules into seven sections critical to all broker-dealers:

• Customer relationships;
• Relationships with associated persons;
• Relationships with regulators;
• Relationships with other members and nonmember entities;
• Record-keeping and regulatory reporting;
• Rules regarding specific products; and
• Market regulation.

The authors, Margaret A. Sheehan, a partner at Alston and Bird LLP who heads the firms Investment Products and Services Group; Sara F. Burstein, an associate at Alston and Bird LLP in the Financial Services and Products Group; and Rockell C. Metcalf, vice president and group counsel of Ameriprise Financial, Inc., had a simple vision of creating and publishing a tool to stand alongside every NASD Manual, providing guidance to the proper sections and explaining the rules in a context that would be helpful with daily firm compliance as well as employee training.

For more information about ordering the Practical Guide to NASD Regulation, visit http://onlinestore.cch.com and enter keywords “NASD Regulation,” or call (866) 220-0297.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com .

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has 2006 annual revenues of €3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.