June 29, 1992 TO: SEC RULES MEMBERS NO. 29-92 INVESTMENT ADVISER MEMBERS NO. 34-92 COMPLIANCE COMMITTEE NO. 7-92 RE: SEC CENSURES ADVISER TO INVESTMENT COMPANIES FOR VIOLATIONS CONCERNING THE REPORTING OF PERSONAL SECURITIES TRANSACTIONS _______________________________________________...
June 29, 1992 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 33-92 RE: INSTITUTE SUBMITS COMMENTS ON NASAA MANUAL EXEMPTION PROJECT __________________________________________________________ As you know, since the mid-1980s, NASAA and certain of the individual states have been reviewing the...
June 29, 1992 TO: SEC RULES MEMBERS NO. 28-92 INVESTMENT ADVISER MEMBERS NO. 33-92 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 25-92 RE: A 1-YEAR/3-YEAR LIMITATIONS PERIOD HELD TO APPLY TO CLAIMS UNDER THE INVESTMENT COMPANY ACT AND THE ADVISERS ACT ______________________________________...
- 1 - June 29, 1992 TO: INSTITUTIONAL FUNDS COMMITTEE NO. 13-92 BANK INVESTMENT MANAGEMENT MEMBERS NO. 1-92 RE: RECENT OCC INTERPRETATIONS __________________________________________________________ Attached are two recent interpretive letters issued by the staff of the Comptroller of...
June 29, 1992 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 30-92 INDEPENDENT ACCOUNTANTS ADVISORY GROUP RE: ACCOUNTING POLICY SUBCOMMITTEE PROJECTS __________________________________________________________ The Accounting Policy Subcommittee (APS) met in Boston on June 15, selected a new...
June 26, 1992 TO: SEC RULES MEMBERS NO. 27-92 RE: FAILURE TO MAKE DEMAND ON INDEPENDENT DIRECTORS LEADS TO DISMISSAL OF CLAIMS AGAINST FUND ADVISER AND ITS AFFILIATES __________________________________________________________ The United States District Court for the Western District...
June 25, 1992 TO: PENSION MEMBERS NO. 15-92 RE: SENATE UNEMPLOYMENT INSURANCE LEGISLATION WOULD REQUIRE WITHHOLDING ON CERTAIN NONPERIODIC DISTRIBUTIONS __________________________________________________________ Attached is a copy of the revenue provisions of H.R. 5260, as passed by...
- 1 - June 25, 1992 TO: SUBCOMMITTEE ON ADVERTISING NO. 8-92 RE: NASD MEMBERS PROHIBITED FROM USING ADVISER’S PERFORMANCE IN ADVERTISING AND SALES LITERATURE FOR NEW MUTUAL FUNDS; NASD CLARIFIES ADVERTISING FILING REQUIREMENTS __________________________________________________________...
June 25, 1992 TO: INVESTMENT ADVISER MEMBERS NO. 32-92 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 24-92 RE: UPDATE ON INVESTMENT ADVISER LEGISLATION IN CALIFORNIA, COLORADO, MARYLAND AND MISSOURI __________________________________________________________ Set forth below is an update on...
June 25, 1992 TO: INVESTMENT ADVISER MEMBERS NO. 31-92 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 23-92 RE: FLORIDA AMENDS REGULATIONS CONCERNING THE DEFINITION OF "BRANCH OFFICE" __________________________________________________________ As we previously informed you, the Florida...
June 25, 1992 TO: INVESTMENT ADVISER MEMBERS NO. 30-92 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 22-92 RE: ADMENDMENTS TO SOUTH CAROLINA INVESTMENT ADVISER STATUTE __________________________________________________________ The Governor of South Carolina signed into law on June 15th...
June 24, 1992 TO: INTERNATIONAL COMMITTEE NO. 14-92 RE: AGENDA FOR JULY 1 INTERNATIONAL COMMITTEE MEETING __________________________________________________________ Attached is the agenda for the International Committee meeting on Wednesday, July 1 at 10:00 a.m. The meeting will be...
June 24, 1992 TO: INVESTMENT ADVISERS COMMITTEE NO. 26-92 DISTRICT OF COLUMBIA INVESTMENT ADVISER ASSOCIATE MEMBERS RE: PROPOSED INVESTMENT ADVISER LEGISLATION IN THE DISTRICT OF COLUMBIA __________________________________________________________ The Council of the District of...
June 23, 1992 TO: HUMAN RESOURCES AND TRAINING WORKING GROUP NO. 4-92 RE: AGENDA FOR THE JULY 14 MEETING OF THE TRAINING AND REGISTRATION ISSUES TASK FORCE __________________________________________________________ As we previously informed you, the next meeting of the Training and...
June 23, 1992 TO: TAX MEMBERS NO. 40-92 MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 9-92 RE: CONNECTICUT ENACTS TECHNICAL CORRECTIONS BILL WHICH CLARIFIES STATE TAX TREATMENT OF TERRITORIAL OBLIGATIONS __________________________________________________________ As you know, prior to its...
June 23, 1992 TO: PENSION COMMITTEE NO. 21-92 RE: INSTITUTE RESPONSE TO DEPARTMENT OF LABOR INQUIRY CONCERNING PTE 77-4 __________________________________________________________ Attached for your information is a copy of the Institute’s response to the Department of Labor’s inquiry...
June 22, 1992 TO: INVESTMENT ADVISER MEMBERS NO. 29-92 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 21-92 RE: CALIFORNIA ADOPTS SEVERAL NEW INVESTMENT ADVISER REGULATIONS __________________________________________________________ The California Commissioner of Corporations has adopted...
June 22, 1992 TO: SEC RULES MEMBERS NO. 26-92 COMPLIANCE COMMITTEE NO. 6-92 RE: FORMER ASSISTANT PORTFOLIO MANAGER SETTLES CHARGES IN CONNECTION WITH ALLEGED FRAUDULENT KICKBACK SCHEME __________________________________________________________ The Securities and Exchange Commission...
June 22, 1992 TO: TAX MEMBERS NO. 39-92 MEMBERS - ONE PER COMPLEX NO. 19-92 RE: STOCK BROKER PRIVILEGE LICENSE TAX BILL INTRODUCED IN NORTH CAROLINA SENATE __________________________________________________________ The attached bill, which has been introduced in the North Carolina...
- 1 - June 22, 1992 TO: PENSION MEMBERS NO. 14-92 RE: IRS PERMITS TAX-FREE REINVESTMENT OF SURRENDERED ANNUITY CONTRACTS OF TROUBLED INSURANCE COMPANIES UNDER REVENUE RULING 90-24 __________________________________________________________ As you know, Revenue Ruling 90-24 provides...
June 22, 1992 TO: MARKETING POLICY COMMITTEE NO. 21-92 RE: MATERIALS FOR JUNE 30, 1992 MEETING __________________________________________________________ Attached are materials for the June 30, 1992 Marketing Policy Committee meeting: 1) Agenda (attachment 1). 2) Minutes of the...
June 19, 1992 TO: TAX COMMITTEE NO. 24-92 ACCOUNTING/TREASURERS COMMITTEE NO. 29-92 MASSACHUSETTS MEMBERS RE: PROPOSED MASSACHUSETTS REGULATIONS ON TAXATION OF FOREIGN CORPORATIONS __________________________________________________________ The Massachusetts Department of Revenue has...
June 18, 1992 TO: INVESTMENT ADVISERS COMMITTEE NO. 25-92 VIRGINIA INVESTMENT ADVISER ASSOCIATE MEMBERS RE: VIRGINIA PROPOSES AMENDMENTS TO INVESTMENT ADVISER RULES __________________________________________________________ The Virginia Division of Securities and Retail Franchising...
June 18, 1992 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 20-92 RE: NETWORKING AGREEMENT __________________________________________________________ Enclosed is a copy of the proposed standard NETWORKING Agreement (along with the current Committee membership list which was inadvertently...
