April 3, 1992
TO: SEC RULES COMMITTEE NO. 19-92
STATE LIAISON COMMITTEE NO. 13-92
RE: SEC STAFF REPORT ON "HUB AND SPOKE" FUNDS REQUESTED
__________________________________________________________
Representative John D. Dingell, Chairman of the U.S. House
Committee on Energy and Commerce has requested that the SEC staff
prepare a report on the issues hub and spoke funds raise under
the federal securities law and what the SEC is doing to make sure
that investors are adequately protected.
A copy of Chairman Dingell's letter is attached. We will
keep you advised of developments.
Patricia Louie
Assistant General Counsel
Attachment