June 17, 1992 TO: MARKETING POLICY COMMITTEE NO. 20-92 RE: Agenda for June 30, 1992 Meeting __________________________________________________________ The agenda for the June 30, 1992 meeting of the Marketing Policy Committee is attached. If you have any items you wish to include...
June 17, 1992 TO: EMPLOYEES’ COMP., BENEFITS & RET. ADV. COMMITTEE NO. 1-92 RE: MEETING NOTICE, THURSDAY, JULY 16, 1992 __________________________________________________________ A meeting of the Employees’ Compensation, Benefits and Retirement Advisory Committee will be held at the...
June 17, 1992 TO: SEC RULES MEMBERS NO. 25-92 COMPLIANCE COMMITTEE NO. 5-92 RE: PORTFOLIO MANAGER’S FAILURE TO REPORT PERSONAL SECURITIES TRANSACTIONS ADEQUATELY SUPPORTS CRIMINAL CHARGE __________________________________________________________ In a case against a mutual fund...
June 17, 1992 TO: INVESTMENT ADVISER MEMBERS NO. 28-92 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 20-92 RE: SEC PERMANENTLY BARS INVESTMENT ADVISER WHO ALLEGEDLY DEFRAUDED ITS LOCAL GOVERNMENT CLIENTS OF $100 MILLION __________________________________________________________ As we...
June 16, 1992 TO: PENSION MEMBERS NO. 12-92 RE: PRIVATE LETTER RULING RECOGNIZES EXCEPTION TO SECTION 72(t) WHERE DISTRIBUTION METHOD SUBJECT TO CHANGE __________________________________________________________ As you know, the Internal Revenue Service issued two private letter...
June 16, 1992 TO: MARKETING POLICY COMMITTEE NO. 19-92 SALES FORCE MARKETING COMMITTEE NO. 19-92 RE: Minutes of April 9, 1992, meeting __________________________________________________________ Attached for your review are minutes of the last meeting of the Sales Force Marketing...
June 16, 1992 TO: STATE SECURITIES MEMBERS NO. 32-92 UNIT INVESTMENT TRUST MEMBERS NO. 40-92 RE: VERMONT INCREASES REGISTRATION FEE; ADOPTS OVERSALES POLICY __________________________________________________________ Earlier this year, legislation increasing the fee for registration of...
June 16, 1992 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 32-92 RE: INSTITUTE RESPONDS TO SEC STAFF LETTER PROPOSING REVISIONS TO ELTR FORMULA As you know, the Institute recently received a letter from the staff of the Division of Investment Management proposing certain changes to the...
June 16, 1992 TO: BOARD OF GOVERNORS NO. 42-92 SEC RULES MEMBERS NO. 24-92 INVESTMENT ADVISER MEMBERS NO. 27-92 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 19-92 RE: INSTITUTE TESTIFIES ON A DRAFT HOUSE BILL TO IMPROVE INVESTMENT ADVISER OVERSIGHT ________________________________________...
June 16, 1992 TO: PENSION MEMBERS NO. 13-92 RE: SUPREME COURT HOLDS ERISA PLAN INTERESTS EXCLUDED FROM BANKRUPTCY ESTATE __________________________________________________________ The U.S. Bankruptcy Code generally provides that the debtor’s estate in a bankruptcy proceeding includes...
June 15, 1992 TO: STATE SECURITIES MEMBERS NO. 31-92 OPERATIONS MEMBERS NO. 22-92 TRANSFER AGENT ADVISORY COMMITTEE NO. 31-92 RE: MARYLAND LEGISLATION ENACTED PERMITTING FUNDS TO REDEEM SMALL ACCOUNTS __________________________________________________________ House Bill 842 was signed...
June 15, 1992 TO: SEC RULES COMMITTEE NO. 42-92 RE: INSTITUTE COMMENTS ON FCC PROPOSAL TO LOOSEN RESTRICTION ON INVESTMENTS IN BROADCAST INDUSTRY __________________________________________________________ The Institute recently filed the attached comment letter with the Federal...
June 15, 1992 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 28-92 INDEPENDENT ACCOUNTANTS ADVISORY GROUP RE: AICPA STATEMENT OF POSITION ON FOREIGN CURRENCY ACCOUNTING AND REPORTING __________________________________________________________ Enclosed for your review is a copy of the AICPA’S...
June 15, 1992 TO: FEDERAL LEGISLATION MEMBERS NO. 4-92 FEDERAL LEGISLATION COMMITTEE NO. 4-92 RE: INSTITUTE TESTIFIES ON INVESTMENT ADVISER LEGISLATION __________________________________________________________ On June 10, the Institute testified before the House Telecommunications...
June 11, 1992 TO: INTERNATIONAL MEMBERS NO. 13-92 RE: SEC STAFF REPORT - RECOMMENDATIONS AFFECTING INTERNATIONAL FUNDS AND ADVISERS __________________________________________________________ The recently-released report prepared by the SEC’s Division of Investment Management...
June 11, 1992 TO: INVESTMENT ADVISERS COMMITTEE NO. 24-92 SEC RULES COMMITTEE NO. 40-92 RE: SEC’S RESPONSE TO CHAIRMAN DINGELL’S LETTER ON WRAP FEE PRODUCTS __________________________________________________________ As you may recall, Congressman John Dingell, Chairman of the House...
June 11, 1992 TO: PENSION COMMITTEE NO. 20-92 RE: DRAFT LETTER TO DEPARTMENT OF LABOR CONCERNING PROHIBITED TRANSACTION EXEMPTION 77-4 __________________________________________________________ Attached for your review is a copy of a draft letter to the Department of Labor in response...
June 9, 1992 TO: TAX COMMITTEE NO. 22-92 ACCOUNTING/TREASURERS COMMITTEE NO. 26-92 RE: IRS RELEASES BUSINESS PLAN; TO ISSUE GUIDANCE ON MERGERS OF CORPORATIONS INTO REGULATED INVESTMENT COMPANIES __________________________________________________________ The Internal Revenue Service (...
June 9, 1992 TO: INSTITUTIONAL FUNDS COMMITTEE NO. 10-92 RE: UPDATED SURVEY OF STATE FIDUCIARY INVESTMENT LAWS __________________________________________________________ Attached is an updated survey of state fiduciary investment laws relating to the ability of a fiduciary such as a...
June 9, 1992 TO: INSTITUTIONAL FUNDS COMMITTEE NO. 11-92 RE: PROPOSED AMENDMENT TO RULE 15c2-4 TO PERMIT TEMPORARY INVESTMENT OF OFFERING PROCEEDS IN MONEY MARKET FUNDS Attached for your review is a draft letter to the Division of Market Regulation requesting that the Division...
June 8, 1992 TO: STATE SECURITIES MEMBERS NO. 30-92 UNIT INVESTMENT TRUST MEMBERS NO. 39-92 BLUE SKY GUIDE RECIPIENTS RE: OKLAHOMA INCREASES INDEFINITE REGISTRATION FEE __________________________________________________________ Effective July 1, 1992, the fee to register an indefinite...
June 5, 1992 TO: STATE SECURITIES MEMBERS NO. 29-92 RE: INDIANA TO APPLY CALIFORNIA EXPENSE LIMITATION __________________________________________________________ As we previously advised you, the Indiana Securities Division has been applying the expense limitation contained in the...
