INSTITUTE COMMENTS ON OKLAHOMA PROPOSAL; IDAHO LEGISLATURE PASSES INVESTMENT REGISTRATION STATUTE

April 18, 1991 TO: INVESTMENT ADVISERS COMMITTEE NO. 16-91 OKLAHOMA INVESTMENT ADVISER AND ASSOCIATE MEMBERS RE: INSTITUTE COMMENTS ON OKLAHOMA PROPOSAL __________________________________________________________ Attached is the Institute's comments regarding the investment adviser registration regulations recently proposed by the Oklahoma Securities Division. (See Institute Memorandum to Investment Advisers Committee No. 9-91, dated March 11, 1991.) The Institute stressed the need for flexibility regarding investment adviser examination requirements. We will keep you informed of further developments. W. Richard Mason Assistant Counsel Attachment