January 13, 1992
TO: INVESTMENT ADVISERS COMMITTEE NO. 2-92
RE: MARYLAND LEGISLATION CONCERNING CHFC DESIGNATION
__________________________________________________________
Attached is a copy of legislation recently introduced in
the Maryland House of Delegates to clarify that a person does not
hold himself out as an investment adviser for purposes of the
definition of that term under the Maryland Securities Act merely
by using the designation "ChFC" in an advertisement, on a card or
letterhead, or otherwise. Hearings have not yet been scheduled
on this bill.
Please provide me with any comments you may have on the
bill at your convenience. My direct number is 202/955-3523.
Amy B.R. Lancellotta
Associate General Counsel
Attachment