August 1, 1991 TO: SEC RULES MEMBERS NO. 40-91 RE: SEC CENSURES FUND ADVISER FOR "INTERPOSITIONING" __________________________________________________________ The SEC recently censured an investment adviser to a fund and an affiliated broker of the adviser for "interpositioning"...
August 1, 1991 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 27-91 RE: MEETING - SEPTEMBER 24-25, 1991 AND CHANGE OF LOCATION __________________________________________________________ This is to confirm that there will be a meeting of the Broker/Dealer Advisory Committee starting at 2:00...
August 1, 1991 TO: INTERNATIONAL COMMITTEE NO. 18-91 RE: TREASURY DEPARTMENT SEEKS INFORMATION ON BARRIERS TO CROSS- BORDER PROVISION OF FINANCIAL SERVICES IN CONNECTION WITH GATT NEGOTIATIONS __________________________________________________________ Enclosed is a copy of the most...
August 1, 1991 TO: SEC RULES MEMBERS NO. 39-91 CLOSED-END FUND MEMBERS NO. 33-91 UNIT INVESTMENT TRUST MEMBERS NO. 28-91 ACCOUNTING/TREASURERS MEMBERS NO. 21-91 RE: CONFERENCE ON CREDITORS' RIGHTS ISSUES FOR INVESTMENT COMPANIES ________________________________________________________...
August 1, 1991 TO: STATE SECURITIES MEMBERS NO. 29-91 RE: INSTITUTE SUBMITS COMMENTS ON PROPOSED MASSACHUSETTS ROLL- UP REGULATION __________________________________________________________ The Institute submitted the attached comment letter to the Massachusetts Securities Division...
July 31, 1991 TO: TAX COMMITTEE NO. 25-91 OPERATIONS COMMITTEE NO. 24-91 TRANSFER AGENT ADVISORY COMMITTEE NO. 36-91 RE: IRS ANNOUNCES HEARING ON REGULATIONS CONCERNING INFORMATION REPORTING PENALTIES AND THE REASONABLE CAUSE WAIVER ____________________________________________________...
July 31, 1991 TO: OPERATIONS COMMITTEE NO. 23-91 RE: ADVANCE NOTICE OF MEETING - MARCH 21, 1992 __________________________________________________________ This is advance notice that the March, 1992 meeting of the Operations Committee will be held early (8:00-8:30 a.m.) on the morning...
July 31, 1991 TO: PENSION COMMITTEE NO. 21-91 RE: 457 PLAN LEGISLATION INTRODUCED __________________________________________________________ Attached is a copy of H.R. 2906, a bill to amend the provisions of Internal Revenue Code section 457, together with the accompanying Record...
July 31, 1991 TO: PENSION MEMBERS NO. 28-91 MEMBERS - ONE PER COMPLEX NO. 31-91 RE: INSTITUTE TESTIFIES IN SUPPORT OF BENTSEN-ROTH IRA BILL __________________________________________________________ The Institute testified today in support of S. 612, the "Savings and Investment...
July 31, 1991 TO: SEC RULES COMMITTEE NO. 44-91 BROKER/DEALER ADVISORY COMMITTEE NO. 26-91 RE: INSTITUTE COMMENTS ON NASD PROPOSAL TO EXEMPT DIRECTLY MARKETED FUNDS FROM REQUIREMENT TO OBTAIN CUSTOMER EMPLOYMENT DATA __________________________________________________________ The...
July 31, 1991 TO: MEMBERS - ONE PER COMPLEX NO. 32-91 TAX MEMBERS NO. 32-91 ACCOUNTING/TREASURERS MEMBERS NO. 20-91 RE: PROPOSED 14-YEAR AMORTIZATION FOR INVESTMENT MANAGEMENT CONTRACTS AND OTHER INTANGIBLE ASSETS __________________________________________________________ The attached...
July 30, 1991 TO: UNIT INVESTMENT TRUST MEMBERS NO. 27-91 RE: SEC STAFF NO-ACTION POSITION PERMITS UITS TO REQUIRE TRUSTEES TO SUBSTITUTE NEW BONDS FOR REFUNDED BONDS __________________________________________________________ In a recently released no-action letter issued to two co-...
July 30, 1991 TO: BOARD OF GOVERNORS NO. 55-91 SEC RULES COMMITTEE NO. 43-91 INTERNATIONAL COMMITTEE NO. 17-91 RE: INSTITUTE TESTIFIES IN SUPPORT OF THE "FAIR TRADE IN FINANCIAL SERVICES ACT OF 1991" __________________________________________________________ The Institute testified...
July 29, 1991 TO: INSURANCE BROKER-DEALER ADVISORY COMMITTEE NO. 8-91 RE: NOTICE OF MEETING - SEPTEMBER 11, 1991 __________________________________________________________ This is to advise you that there will be a meeting of the Insurance Broker/Dealer Advisory Committee starting at...
July 26, 1991 TO: BOARD OF GOVERNORS NO. 54-91 PENSION COMMITTEE NO. 20-91 RE: INSTITUTE TESTIMONY ON PENSION SIMPLIFICATION LEGISLATION __________________________________________________________ Attached is a copy of the Institute's testimony before a House Ways and Means...
July 22, 1991 TO: FEDERAL LEGISLATION MEMBERS NO. 11-91 FEDERAL LEGISLATION COMMITTEE NO. 12-91 RE: TAX SIMPLIFICATION LEGISLATION INCLUDES PFIC PROVISION __________________________________________________________ House Ways and Means Committee Chairman Dan Rostenkowski and Senate...
July 25, 1991 TO: MONEY MARKET FUNDS AD HOC COMMITTEE NO. 20-91 RE: AUGUST 6 MEETING TO DISCUSS MODIFYING REQUIREMENTS UNDER RULE 2a-7 GOVERNING DEMAND FEATURES __________________________________________________________ As you know, on July 15th Mutual Benefit Life Insurance Company...
July 19, 1991 TO: FEDERAL LEGISLATION MEMBERS NO. 10-91 FEDERAL LEGISLATION COMMITTEE NO. 11-91 RE: PENSION SIMPLIFICATION LEGISLATION INTRODUCED __________________________________________________________ In the final days before the July 4th Congressional Recess, key members of the...
July 24, 1991 TO: INVESTMENT ADVISERS COMMITTEE NO. 33-91 UTAH INVESTMENT ADVISER ASSOCIATE MEMBERS RE: UTAH PROPOSES ADVISER LICENSING RULES __________________________________________________________ Attached is a copy of rules proposed by the Utah Securities Division regarding...
July 24, 1991 TO: MEMBERS - ONE PER COMPLEX NO. 30-91 RE: SURVEY OF BUSINESS ACTIVITIES OF FUND ADVISERS __________________________________________________________ The Institute is conducting a survey of members to determine the extent of their involvement in insurance and other...
July 24, 1991 TO: TRANSFER AGENT ADVISORY COMMITTEE NO. 35-91 RE: NOTICE OF MEETING - SEPTEMBER 19, 1991 __________________________________________________________ This is to advise you that the next meeting of the Transfer Agent Advisory Committee will be held starting at 9:30 a.m...
July 23, 1991 TO: SEC RULES COMMITTEE NO. 42-91 RE: INSTITUTE LETTER TO SEC STAFF REGARDING RESPONSIBILITIES ASSIGNED TO INVESTMENT COMPANY DIRECTORS __________________________________________________________ The Institute recently submitted to the Division of Investment Management...
July 23, 1991 TO: FEDERAL LEGISLATION MEMBERS NO. 9-91 FEDERAL LEGISLATION COMMITTEE NO. 10-91 RE: INSTITUTE TESTIFIES ON INTERNATIONAL COMPETITIVENESS __________________________________________________________ On July 17, the Institute testified before the House Ways and Means...
July 23, 1991 TO: TAX MEMBERS NO. 31-91 CLOSED-END FUND MEMBERS NO. 32-91 ACCOUNTING/TREASURERS MEMBERS NO. 19-91 RE: WAIVER OF OHIO REPORTING REQUIREMENT FOR 1992 __________________________________________________________ As we previously informed you (see Institute Memorandum to Tax...
July 22, 1991 TO: INVESTMENT ADVISER MEMBERS NO. 31-91 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 30-91 RE: SOUTH DAKOTA INVESTMENT ADVISER LICENSING STATEMENT OF POLICY __________________________________________________________ The South Dakota Division of Securities recently released...
