August 17, 1990 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 31-90 RE: 1. REMINDER NOTICE OF MEETING - SEPTEMBER 18, 1990 2. MEETING AGENDA __________________________________________________________ This is to remind you that there will be a meeting of the Broker/Dealer Advisory Committee...
August 16, 1990 TO: SEC RULES COMMITTEE NO. 44-90 ACCOUNTING/TREASURERS COMMITTEE NO. 26-90 RE: SEC STAFF CLARIFIES POSITION ON COVERING PUT OPTIONS WRITTEN BY AN INVESTMENT COMPANY __________________________________________________________ In a recent no-action letter issued to...
August 16, 1990 TO: STATE LIAISON COMMITTEE NO. 17-90 RE: NASAA FALL CONFERENCE IN BILLINGS, MONTANA __________________________________________________________ The North American Securities Administrators Association, Inc. ("NASAA") will be holding its annual fall conference in...
August 16, 1990 TO: SEC RULES MEMBERS NO. 60-90 RE: SEVENTH CIRCUIT HOLDS NO RIGHT TO JURY TRIAL FOR SECTION 36(b) CLAIM __________________________________________________________ The U.S. Court of Appeals for the Seventh Circuit has held that there is no right to a jury trial in a...
- 1 - August 16, 1990 TO: TAX MEMBERS NO. 32-90 UNIT INVESTMENT TRUST MEMBERS NO. 57-90 CLOSED-END FUND MEMBERS NO. 32-90 OPERATIONS MEMBERS NO. 23-90 TRANSFER AGENT ADVISORY COMMITTEE NO. 29-90 RE: IRS REVENUE PROCEDURE ON PREPARING 8 INCH MAGNETIC DISKETTE FILED SUBMISSIONS FOR TAX...
August 15, 1990 TO: UNIT INVESTMENT TRUST MEMBERS NO. 56-90 RE: INSTITUTE COMMENT LETTER ON CALIFORNIA PROPOSED REGULATION EXEMPTING RESALES OF UNIT TRUSTS __________________________________________________________ The California Department of Corporations has issued a proposed...
August 15, 1990 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 36-90 RE: INSTITUTE LAWSUIT CHALLENGING MINNESOTA REGISTRATION FEES __________________________________________________________ As you know, the Institute has been working for several years to establish caps on the registration...
August 15, 1990 TO: STATE SECURITIES MEMBERS NO. 26-90 CLOSED-END FUND COMMITTEE NO. 19-90 RE: INSTITUTE COMMENT LETTER ON CALIFORNIA PROPOSED FINAL ANTI-APARTHEID REGULATIONS __________________________________________________________ As we previously informed you, the California...
August 14, 1990 TO: BOARD OF GOVERNORS NO. 59-90 MEMBERS - ONE PER COMPLEX NO. 34-90 DIRECT MARKETING COMMITTEE NO. 22-90 MARKETING COMMITTEE NO. 19-90 OPERATIONS COMMITTEE NO. 19-90 PUBLIC INFORMATION COMMITTEE NO. 29-90 RESEARCH COMMITTEE NO. 20-90 SALES FORCE MARKETING COMMITTEE NO...
August 14, 1990 TO: STATE LIAISON COMMITTEE NO. 16-90 UNIT INVESTMENT TRUST COMMITTEE NO. 35-90 RE: POSSIBLE STATES TO TARGET FOR BLUE CHIP EXEMPTION __________________________________________________________ As you know, the Institute has been actively pursuing the adoption of the...
August 13, 1990 TO: INVESTMENT ADVISERS COMMITTEE NO. 26-90 RE: MARYLAND INVESTMENT ADVISER REGISTRATION REGULATIONS __________________________________________________________ As we previously informed you, the Maryland Securities Division recently released proposed regulations...
August 13, 1990 TO: OPERATIONS COMMITTEE NO. 18-90 RE: NOTICE OF MEETING - SEPTEMBER 17, 1990 __________________________________________________________ This is to advise you that there will be a meeting of the Operations Committee starting at 10:00 a.m. on Monday, September 17, 1990...
August 13, 1990 TO: MEMBERS INTERESTED IN PUBLIC INFORMATION NO. 8-90 PUBLIC INFORMATION COMMITTEE NO. 28-90 DIRECT MARKETING COMMITTEE NO. 21-90 MARKETING COMMITTEE NO. 18-90 SALES FORCE MARKETING COMMITTEE NO. 21-90 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 21-90 SMALL FUNDS...
- 1 - August 13, 1990 TO: TAX COMMITTEE NO. 22-90 ACCOUNTING/TREASURERS COMMITTEE NO. 25-90 INDEPENDENT ACCOUNTANTS ADVISORY COMMITTEE INTERNATIONAL FUNDS TASK FORCE NO. 18-90 RE: UNITED KINGDOM DIVIDEND WITHHOLDING ON MASSACHUSETTS BUSINESS TRUSTS -- AN UPDATE _______________________...
August 13, 1990 TO: MEMBERS - ONE PER COMPLEX NO. 33-90 RE: PRICING DIFFICULTIES EXPERIENCED ON AUGUST 13, 1990 __________________________________________________________ Questions have been raised regarding the fire-related power failure affecting the ability to obtain complete...
- 1 - August 13, 1990 TO: BOARD OF GOVERNORS NO. 58-90 MEMBERS - ONE PER COMPLEX NO. 32-90 FEDERAL LEGISLATION COMMITTEE NO. 5-90 TAX COMMITTEE NO. 21-90 RE: INSTITUTE LETTER ON SECURITIES TRANSACTION EXCISE TAX (STET) __________________________________________________________ As we...
August 13, 1990 TO: INVESTMENT ADVISER MEMBERS NO. 41-90 RE: INVESTMENT ADVISER CENSURED FOR FAILURE TO DISCLOSE CERTAIN FEES TO CLIENTS __________________________________________________________ A registered investment adviser recently settled charges brought against it by the...
August 10, 1990 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 28-90 RE: FUND/SERV STATUS REPORT FOR MONTH ENDING JULY, 1990 __________________________________________________________ Attached is a copy of the Fund/SERV Status Report for the month ending July, 1990. We will continue to send...
August 10, 1990 TO: INVESTMENT ADVISERS COMMITTEE NO. 25-90 RE: NASAA QUESTIONNAIRE ON DISCLOSURE __________________________________________________________ Attached is a questionnaire prepared by the NASAA Financial Planner/Investment Adviser Committee which we received today. The...
August 10, 1990 TO: SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 20-90 RE: Agenda for Next Meeting Minutes of Last Meeting __________________________________________________________ Enclosed, along with the minutes of the Spring 1990 meeting, is a preliminary agenda for the upcoming Fall...
August 10, 1990 TO: BOARD OF GOVERNORS NO. 57-90 SEC RULES COMMITTEE NO. 43-90 RE: INSTITUTE COMMENTS ON FED PROPOSALS TO ALLOW BANK HOLDING COMPANY SUBSIDIARIES TO BROKER SHARES OF AFFILIATED FUNDS AND TO MODIFY RESTRICTIONS ON CROSS-MARKETING AND DIRECTOR, OFFICER AND EMPLOYEE...
August 10, 1990 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 29-90 FUND/SERV PARTICIPANTS RE: PENDING BROKER REGISTRATION/FUND ACKNOWLEDGEMENT STATUS REPORT __________________________________________________________ Attached is a copy of the Registration Status Report as of July 31, 1990...
August 10, 1990 TO: BOARD OF GOVERNORS NO. 56-90 SEC RULES MEMBERS NO. 59-90 MEMBERS - ONE PER COMPLEX NO. 31-90 CLOSED-END FUND MEMBERS - ONE PER COMPLEX UNIT INVESTMENT TRUST MEMBERS - ONE PER COMPLEX RE: SEC EXTENDS COMMENT PERIOD ON REFORM OF INVESTMENT COMPANY REGULATION ________...
August 10, 1990 TO: CLOSED-END FUND COMMITTEE NO. 18-90 RE: MEETING ON DRAFT COMMENT LETTER ON SEC CONCEPT RELEASE __________________________________________________________ Attached is a first draft of the Institute's comment letter on the SEC's concept release on reform of...
August 9, 1990 TO: PENSION COMMITTEE NO. 21-90 RE: ICI TESTIMONY ON EMPLOYEE BENEFITS SIMPLIFICATION ACT __________________________________________________________ As we previously informed you, Senator Pryor recently introduced S. 2901, the Employee Benefits Simplification Act. (See...
