August 2, 1989 TO: BOARD OF GOVERNORS NO. 45-89 SEC RULES COMMITTEE NO. 46-89 UNIT INVESTMENT TRUST COMMITTEE NO. 46-89 RE: BANC ONE WITHDRAWS APPLICATION TO BROKER SHARES OF AFFILIATED INVESTMENT COMPANIES __________________________________________________________ As we previously...
- 1 - August 2, 1989 TO: TAX MEMBERS NO. 28-89 UNIT INVESTMENT TRUST MEMBERS NO. 42-89 CLOSED-END FUND MEMBERS NO. 33-89 OPERATIONS MEMBERS NO. 24-89 TRANSFER AGENT SHAREHOLDER ADVISORY COMMITTEE NO. 20-89 RE: IRS REVENUE PROCEDURE ON PREPARING MAGNETIC MEDIA SUBMISSIONS FOR TAX YEAR...
August 2, 1989 TO: INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 41-89 RE: ANNUAL INFORMATION SURVEY __________________________________________________________ As the Institute's activities on behalf of our associate members have increased, we find it necessary to retain more complete...
- 1 - August 2, 1989 TO: SEC RULES MEMBERS NO. 36-89 CLOSED-END FUND MEMBERS NO. 34-89 RE: SEC ADOPTS RULE EXPANDING TIME PERIOD FOR SELECTION OF ACCOUNTANTS UNDER SECTION 32(a)(1) __________________________________________________________ Attached is a copy of SEC Release No. IC...
August 2, 1989 TO: SEC RULES MEMBERS NO. 35-89 UNIT INVESTMENT TRUST MEMBERS NO. 41-89 BROKER/DEALER ADVISORY COMMITTEE NO. 36-89 CLOSED-END FUND MEMBERS NO. 32-89 RE: NASD SUPERVISORY PROCEDURES __________________________________________________________ Attached is the July NASD...
August 1, 1989 TO: SEC RULES COMMITTEE NO. 45-89 UNIT INVESTMENT TRUST COMMITTEE NO. 43-89 CLOSED-END FUND COMMITTEE NO. 31-89 INVESTMENT ADVISERS COMMITTEE NO. 30-89 RE: BILL ON TAKEOVER REFORM/PROXY VOTING INTRODUCED __________________________________________________________ S. 1244...
August 1, 1989 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 45-89 RE: LATE BREAKING NEWS RE PERFORMANCE NUMBERS FOR PRIMARY TRUSTS __________________________________________________________ We have just had news from the SEC staff (5:40 p.m.) that they are rethinking the proposal of July...
August 1, 1989 TO: PUBLIC INFORMATION COMMITTEE NO. 21-89 RESEARCH COMMITTEE NO. 20-89 MARKETING COMMITTEE NO. 20-89 SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 18-89 MEMBERS - ONE PER COMPLEX NO. 24-89 DIRECT MARKETING COMMITTEE NO. 23-89 SALES FORCE MARKETING COMMITTEE NO. 24-89 RE...
August 1, 1989 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 44-89 RE: AUGUST 10 -- SPECIAL MEETING TO DISCUSS PERFORMANCE NUMBERS FOR SECONDARY TRUSTS __________________________________________________________ There will be a meeting at 10:00 a.m. on August 10 at the Institute to discuss...
August 1, 1989 TO: SEC RULES COMMITTEE NO. 44-89 UNIT INVESTMENT TRUST COMMITTEE NO. 42-89 ADVERTISING SUBCOMMITTEE RE: PROCEDURES ADOPTED UNDER AMENDED NASD SUPERVISORY RULES __________________________________________________________ Set forth below is a list of practices and...
August 1, 1989 TO: PENSION MEMBERS NO. 36-89 RE: DEPARTMENT OF LABOR ADVISORY OPINION CONCERNING BANK'S PROVISION OF FREE CHECKING FOR IRA PARTICIPANTS __________________________________________________________ In 1983, the Internal Revenue Service and the Department of Labor proposed...
August 1, 1989 TO: INVESTMENT ADVISERS COMMITTEE NO. 29-89 RE: SENATORS DODD AND HEINZ INTRODUCE "INVESTMENT ADVISER SELF-REGULATION ACT" __________________________________________________________ As we have previously informed you, the Securities and Exchange Commission has drafted...
July 31, 1989 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 41-89 RE: REVISED SEC STAFF PROPOSAL CONCERNING UNIT TRUST PERFORMANCE NUMBERS __________________________________________________________ Attached is a revised proposal from the SEC staff. If any trusts become effective under...
July 31, 1989 TO: PENSION MEMBERS NO. 35-89 RE: DEPARTMENT OF LABOR FINAL REGULATION CONCERNING LOANS TO PLAN PARTICIPANTS AND BENEFICIARIES WHO ARE PARTIES IN INTEREST __________________________________________________________ Attached is a copy of the final regulation issued by the...
July 31, 1989 TO: STATE SECURITIES MEMBERS NO. 29-89 UNIT INVESTMENT TRUST MEMBERS NO. 40-89 RE: ILLINOIS AMENDS REGISTRATION PROCEDURE __________________________________________________________ The Institute has been actively working with the Illinois Securities Department to amend...
July 31, 1989 TO: SEC RULES COMMITTEE NO. 43-89 CLOSED-END FUND COMMITTEE NO. 30-89 UNIT INVESTMENT TRUST COMMITTEE NO. 40-89 INTERNATIONAL FUNDS TASK FORCE NO. 8-89 RE: SEC PROPOSES RULE TO ALLOW PURCHASES BY REGISTERED INVESTMENT COMPANIES OF SECURITIES OF FOREIGN BANKS AND FOREIGN...
July 28, 1989 TO: PUBLIC INFORMATION COMMITTEE NO. 20-89 RE: Directory of All-News Business Shows on TV and Radio __________________________________________________________ Since there are a number of new, or expanded, business news networks, we have pulled together some basic...
July 28, 1989 TO: BOARD OF GOVERNORS NO. 44-89 FEDERAL LEGISLATION MEMBERS NO. 8-89 RE: S. 1410, THE "INVESTMENT ADVISER SELF-REGULATION ACT" __________________________________________________________ On July 26, Securities Subcommittee Chairman Christopher Dodd (D-CT) and Ranking...
July 28, 1989 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 39-89 RE: PERFORMANCE NUMBERS __________________________________________________________ This morning, representatives of the ICI and four UIT sponsors met with staff members of the SEC on the issue of UIT performance numbers. Late...
July 28, 1989 TO: INVESTMENT ADVISER MEMBERS NO. 41-89 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 40-89 RE: VIRGINIA ADOPTS INVESTMENT ADVISER RULES __________________________________________________________ Effective July 1, 1989, the Division of Securities and Retail Franchising of...
July 27, 1989 TO: STATE SECURITIES MEMBERS NO. 28-89 UNIT INVESTMENT TRUST MEMBERS NO. 39-89 RE: TEXAS ADOPTS LEGISLATION RELATING TO OVERSALES AND SALES OF UNREGISTERED SECURITIES __________________________________________________________ Currently, Texas allows oversales to be...
July 27, 1989 TO: STATE SECURITIES MEMBERS NO. 27-89 RE: OKLAHOMA ADOPTS NEW REGISTRATION RULE __________________________________________________________ The Oklahoma Department of Securities recently adopted Rule R-305, Registrations in General, effective July 14, 1989 which affects...
July 26, 1989 TO: SALES FORCE MARKETING COMMITTEE NO. 23-89 RE: NASD REPROPOSES AMENDMENTS CONCERNING CASH AND NON-CASH CONCESSIONS IN CONNECTION WITH THE RETAIL SALE OF INVESTMENT COMPANY SECURITIES __________________________________________________________ As you will recall, the...
July 26, 1989 TO: INVESTMENT ADVISER MEMBERS NO. 40-89 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 39-89 RE: SEC SANCTIONS ADVISER FOR VIOLATIONS OF ADVERTISING, RECORDKEEPING AND DISCLOSURE RULES __________________________________________________________ On July 3, 1989, the SEC filed...
July 26, 1989 TO: TAX COMMITTEE NO. 11-89 UNIT INVESTMENT TRUST COMMITTEE NO. 38-89 CLOSED-END FUND COMMITTEE NO. 29-89 OPERATIONS COMMITTEE NO. 12-89 TRANSFER AGENT SHAREHOLDER ADVISORY COMMITTEE NO. 19-89 RE: INSTITUTE REQUEST TO POSTPONE B NOTICES __________________________________...
