COMMENTS REQUESTED FOR 1990 CONFERENCE ON FEDERAL- STATE SECURITIES REGULATION AGENDA

March 19, 1990 TO: SEC RULES COMMITTEE NO. 17-90 STATE LIAISON COMMITTEE NO. 3-90 UNIT INVESTMENT TRUST COMMITTEE NO. 11-90 INVESTMENT ADVISERS COMMITTEE NO. 9-90 RE: COMMENTS REQUESTED FOR 1990 CONFERENCE ON FEDERAL- STATE SECURITIES REGULATION AGENDA __________________________________________________________ The Securities and Exchange Commission ("SEC") and the North American Securities Administrators Association, Inc. ("NASAA") have requested written comments on the proposed agenda for the annual conference conducted pursuant to Section 19(c) of the Securities Act of 1933. The policies and purposes of that section are to increase uniformity in matters concerning state and federal regulation of securities, maximize the effectiveness of securities regulation in promoting investor protection and reduce the burden on capital formation through increased cooperation between the SEC and the state securities regulatory authorities. A copy of SEC Release No. 33-6857, dated March 14, 1990, is attached for your information. As we have previously informed you, the Institute submitted comments to the SEC and NASAA on coordination and uniformity in 1983, 1985 and 1986 and testified at hearings on the matter in 1983, 1986 and 1988. (See Memoranda to Board of Governors Nos. 108-83, 8-85, 9-86, 13-87 and 18-88; State Securities Members Nos. 73-83, 3-85, 9-86, 6-87 and 4-88; Investment Adviser Members Nos. 27-83, 3-85, 8-86, 10-87 and 8-88; Investment Adviser Associate Members Nos. 32-83, 4-85, 9-86, 9-87 and 7-88 and Unit Investment Trust Members Nos. 10-86, 9-87 and 11-88, dated September 9, 1983, January 16, 1985, February 28, 1986, March 10, 1987 and March 1, 1988.) The conference will be held in Washington, D.C. on April 25, 1990. Written comments must be received by the SEC on or before April 20, 1990 in order to be considered. Please provide me with any comments you would like included in the Institute's comment letter by Friday, April 6, 1990. Patricia Louie Assistant General Counsel Attachment