March 1, 1990 TO: TAX MEMBERS NO. 11-90 UNIT INVESTMENT TRUST MEMBERS NO. 16-90 RE: REVENUE RULING ON GAIN NONRECOGNITION WHEN TRUST CERTIFICATE EXCHANGED FOR SHARE OF TRUST ASSETS __________________________________________________________ In Revenue Ruling 90-7 (attached), the...
March 1, 1990 TO: MEMBERS - ONE PER COMPLEX NO. 9-90 SEC RULES MEMBERS NO. 18-90 DIRECT MARKETING COMMITTEE NO. 6-90 PUBLIC INFORMATION COMMITTEE NO. 4-90 SALES FORCE MARKETING COMMITTEE NO. 6-90 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 6-90 MARKETING COMMITTEE NO. 5-90 MEMBERS...
February 28, 1990 TO: STATE SECURITIES MEMBERS NO. 3-90 UNIT INVESTMENT TRUST MEMBERS NO. 14-90 SMALL FUNDS COMMITTEE NO. 5-90 RE: COMMENTS ON OHIO'S PROPOSED OVERSALE SOLUTION __________________________________________________________ The Institute has actively been working with the...
February 28, 1990 TO: STATE SECURITIES MEMBERS NO. 2-90 UNIT INVESTMENT TRUST MEMBERS NO. 13-90 RE: COMMENTS ON MASSACHUSETTS PROPOSED RULES __________________________________________________________ The Massachusetts Securities Division recently asked for comments regarding proposed...
February 28, 1990 TO: CLOSED-END FUND MEMBERS NO. 11-90 SEC RULES MEMBERS NO. 17-90 UNIT INVESTMENT TRUST MEMBERS NO. 15-90 INTERNATIONAL FUNDS TASK FORCE NO. 3-90 RE: SEC ADOPTS RULE 12d1-1, REMOVING RESTRICTIONS ON PURCHASES OF SECURITIES OF FOREIGN BANKS AND INSURANCE COMPANIES ___...
February 27, 1990 TO: SEC RULES MEMBERS NO. 16-90 CLOSED-END FUND MEMBERS NO. 10-90 UNIT INVESTMENT TRUST MEMBERS NO. 12-90 HIGH YIELD BOND TASK FORCE RE: STAFF ISSUES ADDITIONAL LETTER ON DISCLOSURE REQUIREMENTS FOR FUNDS THAT INVEST IN HIGH YIELD BONDS ______________________________...
February 26, 1990 TO: ACCOUNTING/TREASURERS COMMITTEE NO. 7-90 INDEPENDENT ACCOUNTANTS ADVISORY GROUP RE: SEC ACCOUNTING POSITION __________________________________________________________ The SEC's Division of Investment Management requested that we disseminate the attached position...
- 1 - February 26, 1990 TO: INVESTMENT ADVISERS COMMITTEE NO. 5-90 RE: PROPOSED LEGISLATION CONCERNING SOFT DOLLAR AND TRANSACTION COSTS DISCUSSED BY CALIFORNIA SENATE COMMISSION __________________________________________________________ On January 26, 1990, the Senate Commission on...
- 1 - February 26, 1990 TO: SEC RULES MEMBERS NO. 15-90 UNIT INVESTMENT TRUST MEMBERS NO. 11-90 RE: INSTITUTE COMMENTS ON FDIC REGULATIONS CONCERNING PASS-THROUGH INSURANCE FOR UITs; FDIC ISSUES STUDY ON PASS-THROUGH INSURANCE TREATMENT ________________________________________________...
February 23, 1990 TO: PENSION MEMBERS NO. 9-90 TAX MEMBERS NO. 10-90 OPERATIONS MEMBERS NO. 7-90 TRANSFER AGENT ADVISORY COMMITTEE NO. 6-90 RE: IRS ALLOWS COMPOSITE RETURNS FOR IRAs INVESTED IN RICs TO CLAIM REFUND UNDER SECTION 852(b) _________________________________________________...
February 23, 1990 TO: MEMBERS - ONE PER COMPLEX NO. 8-90 ABANDONED PROPERTY TASK FORCE RE: LETTERS TO SHAREHOLDERS CONCERNING NY ABANDONED PROPERTY LAW __________________________________________________________ We recently sent you a memorandum regarding the New York Abandoned...
February 22, 1990 TO: BOARD OF GOVERNORS NO. 13-90 PENSION MEMBERS NO. 8-90 RE: IRS REVENUE RULING CONCERNING TRANSFERS AMONG SECTION 403(b) ARRANGEMENT FUNDING VEHICLES __________________________________________________________ As you know, the Securities and Exchange Commission...
February 21, 1990 TO: TAX COMMITTEE NO. 4-90 ACCOUNTING/TREASURERS COMMITTEE NO. 5-90 RE: MARCH 13 MEETING TO DISCUSS POST-OCTOBER LOSS REGULATIONS AND LEGISLATIVE PROPOSAL TO UNIFY DISTRIBUTION REQUIREMENTS __________________________________________________________ As you know, the...
February 21, 1990 TO: SEC RULES COMMITTEE NO. 14-90 ACCOUNTING/TREASURERS COMMITTEE NO. 6-90 OPERATIONS COMMITTEE NO. 4-90 ADVERTISING SUBCOMMITTEE RE: DRAFT COMMENT LETTER ON PROPOSED REVISIONS TO FORM N-1A __________________________________________________________ Attached is a copy...
February 21, 1990 TO: INVESTMENT ADVISERS COMMITTEE NO. 4-90 RE: INVESTMENT ADVISERS TO CALIFORNIA PUBLIC FUNDS REQUIRED TO DISCLOSE PERSONAL ASSETS __________________________________________________________ On January 1, 1990, a California Fair Political Practices Commission's...
February 21, 1990 TO: CLOSED-END FUND COMMITTEE NO. 7-90 SEC RULES COMMITTEE NO. 12-90 RE: SEC PROPOSES REVISIONS TO ENFORCEMENT LEGISLATION; THE "SMALL INVESTOR PROTECTION ACT OF 1990" __________________________________________________________ Set forth below are brief descriptions...
February 21, 1990 TO: BOARD OF GOVERNORS NO. 12-90 SEC RULES COMMITTEE NO. 13-90 RE: CERTIORARI DENIED IN BANK UNDERWRITING OF MORTGAGE-BACKED SECURITIES CASE __________________________________________________________ The U.S. Supreme Court has denied the petition for certiorari of...
February 21, 1990 TO: SEC RULES MEMBERS NO. 14-90 RE: ALLEGED REQUESTS FOR IMPERMISSIBLE SALES COMPENSATION __________________________________________________________ The SEC staff has advised the Institute of reports that certain broker-dealers allegedly have advised mutual fund...
February 20, 1990 TO: PENSION MEMBERS NO. 7-90 TAX MEMBERS NO. 9-90 OPERATIONS MEMBERS NO. 6-90 TRANSFER AGENT ADVISORY COMMITTEE NO. 5-90 RE: IRS ISSUES TEMPORARY AND PROPOSED REGULATION CONCERNING WITHHOLDING UPON PENSION PAYMENTS TO NONRESIDENT ALIENS ______________________________...
February 20, 1990 TO: MEMBERS - ONE PER COMPLEX NO. 7-90 RE: Verification of Mailing/Phone/Fax Information __________________________________________________________ Occasionally, the Institute may need to contact you on the same day or next day basis on important issues. We would...
February 15, 1990 TO: BROKER/DEALER ADVISORY COMMITTEE NO. 7-90 RE: COMMITTEE MEMBERS' RESPONSES REGARDING THE DIRECTION TO BE TAKEN IN '90 __________________________________________________________ A number of committee members have provided responses to the question regarding the...
February 15, 1990 TO: MARKETING COMMITTEE NO. 4-90 DIRECT MARKETING COMMITTEE NO. 5-90 SALES FORCE MARKETING COMMITTEE NO. 5-90 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 5-90 PUBLIC INFORMATION COMMITTEE NO. 3-90 RESEARCH COMMITTEE NO. 5-90 SMALL FUNDS COMMITTEE NO. 3-90 MEMBERS...
February 15, 1990 TO: CLOSED-END FUND MEMBERS NO. 9-90 RE: SOLICITATION OF PROXIES OF FOREIGN SHAREHOLDERS __________________________________________________________ At the Closed-End Fund Committee meeting on February 6, the issue was raised of insufficient shares at the time of...
February 15, 1990 TO: AUDIT COMMITTEE NO. 1-90 RE: FY 1990 Audit Report Financial Statements for January 1990 __________________________________________________________ Enclosed are the following documents prepared by the accounting firm, Deloitte Haskins and Sells (now Deloitte...
