July 30, 1990 TO: TRANSFER AGENT ADVISORY COMMITTEE NO. 26-90 RE: NOTICE OF MEETING - SEPTEMBER 13, 1990 __________________________________________________________ This is to advise you that there will be a meeting of the Transfer Agent Advisory Committee starting at 9:00 a.m. on...
July 30, 1990 TO: ALL CONNECTICUT MEMBERS TAX MEMBERS NO. 28-90 RE: CONNECTICUT CAPS MINIMUM CORPORATE BUSINESS TAX IMPOSED ON RICs __________________________________________________________ Connecticut imposes a corporation business tax on the income of all corporations, including...
July 30, 1990 TO: SEC RULES COMMITTEE NO. 39-90 INVESTMENT ADVISERS COMMITTEE NO. 24-90 RE: INSTITUTE COMMENT LETTER ON NEW JERSEY CASINO CONTROL ACT __________________________________________________________ As we previously informed you, the New Jersey Casino Control Commission...
July 30, 1990 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 33-90 RE: RESPONSE TO SEC REQUEST FOR COMMENTS ON PROSPECTUS DELIVERY REQUIREMENT FOR UIT SECONDARY MARKET SALES __________________________________________________________ As you know, the SEC has issued a concept release...
July 27, 1990 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 23-90 INDEPENDENT ACCOUNTANTS ADVISORY GROUP RE: MEETING PROCEDURES __________________________________________________________ As you know, membership in the Committee has grown to the point where meetings are typically attended by...
July 27, 1990 TO: SEC RULES MEMBERS NO. 56-90 INVESTMENT ADVISER MEMBERS NO. 38-90 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 34-90 PENSION MEMBERS NO. 30-90 RE: SEC LETTER PROHIBITING CERTAIN TRANSACTIONS FROM RELYING ON SOFT DOLLAR SAFE HARBOR _________________________________________...
July 27, 1990 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 22-90 INDEPENDENT ACCOUNTANTS ADVISORY GROUP RE: MEETING PROCEDURES __________________________________________________________ As you know, membership in the Committee has grown to the point where meetings are typically attended by...
July 27, 1990 TO: SEC RULES MEMBERS NO. 55-90 RE: DISTRICT COURT DISMISSES 36(b) CLAIMS IN KALISH v. FRANKLIN ADVISERS, INC. __________________________________________________________ The United States District Court for the Southern District of New York has dismissed a suit brought...
July 26, 1990 TO: TRANSFER AGENT ADVISORY COMMITTEE NO. 25-90 RE: SUBCOMMITTEE REPORT ON FAMILY SAVING ACCOUNT __________________________________________________________ Attached is a copy of the subcommittee report addressing the operational implications of servicing the proposed...
July 26, 1990 TO: RESEARCH COMMITTEE NO. 17-90 RE: RESEARCH ROAD SHOWS @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ The following two items are for your immediate attention. 1. The next Research Committee Meeting will be held on October 3, 1990 at the Madison...
- 1 - July 26, 1990 TO: TAX COMMITTEE NO. 19-90 RE: PROPOSED REGULATIONS UNDER SECTION 468A ON PERMISSIBLE INVESTMENTS OF NUCLEAR DECOMMISSIONING RESERVE FUNDS __________________________________________________________ The Treasury Department has recently released the attached...
July 26, 1990 TO: BOARD OF GOVERNORS NO. 51-90 SEC RULES MEMBERS NO. 54-90 INTERNATIONAL FUNDS TASK FORCE NO. 16-90 RE: INSTITUTE TESTIFIES BEFORE HOUSE TASK FORCE ON INTERNATIONAL COMPETITIVENESS OF U.S. FINANCIAL INSTITUTIONS _________________________________________________________...
July 26, 1990 TO: BOARD OF GOVERNORS NO. 52-90 MEMBERS - ONE PER COMPLEX NO. 26-90 DIRECT MARKETING COMMITTEE NO. 17-90 MARKETING COMMITTEE NO. 15-90 OPERATIONS COMMITTEE NO. 15-90 PUBLIC INFORMATION COMMITTEE NO. 23-90 RESEARCH COMMITTEE NO. 16-90 SALES FORCE MARKETING COMMITTEE NO...
July 25, 1990 TO: UNIT INVESTMENT TRUST MEMBERS NO. 53-90 RE: CORRECTION IN FILING REQUIREMENTS FOR CLAIMING BLUE CHIP EXEMPTION IN SOUTH DAKOTA __________________________________________________________ It has been brought to our attention that there is an error in the information...
July 25, 1990 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 32-90 RE: CALIFORNIA PROPOSES RULE EXEMPTING RESALES OF UNITS OF UNIT TRUSTS __________________________________________________________ As we previously informed you, the Institute requested that the California Corporations...
July 25, 1990 TO: INVESTMENT ADVISER MEMBERS NO. 36-90 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 32-90 RE: NASAA AMENDMENTS TO INVESTMENT ADVISER RULES UNDER THE UNIFORM SECURITIES ACT __________________________________________________________ As we previously informed you, the...
- 1 - July 25, 1990 TO: TAX COMMITTEE NO. 18-90 OPERATIONS COMMITTEE NO. 14-90 TRANSFER AGENT ADVISORY COMMITTEE NO. 24-90 RE: AUGUST 7, 1990 B NOTICE/BACKUP WITHHOLDING MEETING __________________________________________________________ As you know, the Institute has held several...
July 24, 1990 TO: MONEY MARKET MEMBERS - ONE PER COMPLEX NO. 10-90 TAX MEMBERS NO. 27-90 RE: DELAWARE PASS-THROUGH OF FEDERAL INTEREST __________________________________________________________ We are pleased to inform you that Delaware has become the most recent state to permit...
July 24, 1990 TO: MEMBERS - ONE PER COMPLEX NO. 25-90 RE: Annual Membership Verification and Mailing List Update __________________________________________________________ Each year we ask the senior contact at each Institute member group to coordinate the important task of verifying...
- 1 - July 24, 1990 TO: INSTITUTIONAL FUNDS COMMITTEE NO. 2-90 MARKETING COMMITTEE NO. 14-90 SEC RULES COMMITTEE NO. 38-90 TAX COMMITTEE NO. 17-90 RE: AUGUST 8, 1990 MEETING ON UTILIZATION OF FUNDS FOR INVESTMENT OF MUNICIPAL BOND PROCEEDS _____________________________________________...
July 24, 1990 TO: INVESTMENT ADVISER MEMBERS NO. 35-90 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 31-90 RE: PROPOSED MARYLAND INVESTMENT ADVISER REGULATIONS __________________________________________________________ The Maryland Securities Division recently released the attached...
- 1 - July 23, 1990 TO: INVESTMENT ADVISER MEMBERS NO. 34-90 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 30-90 RE: RHODE ISLAND ADOPTS NEW INVESTMENT ADVISER LAW __________________________________________________________ Effective July 12, 1990, new laws relating to the sale of...
July 23, 1990 TO: SEC RULES MEMBERS NO. 53-90 RE: ADVISER SANCTIONED FOR ANTIFRAUD, ADVISERS ACT AND INVESTMENT COMPANY ACT VIOLATIONS __________________________________________________________ The SEC has ordered a 90-day suspension of the registration of an investment adviser based...
