October 14, 1994
TO: COMPLIANCE COMMITTEE NO. 18-94
RE: NOVEMBER 15 MEETING
__________________________________________________________
A meeting of the Compliance Committee has been scheduled for
November 15th. The meeting will be held at 10:00 a.m. in the
Institute's David Silver Conference Room.
We will discuss the following items at the meeting: (1)
implementation of the Advisory Group's recommendations on personal
investing policies and compliance procedures; (2) fund investments
in derivatives; (3) recent problems in money market funds; (4) the
Institute's internal compliance proposal; (5) the SEC's directed
brokerage proposal; (6) the NASD's cash/non-cash compensation
proposal; and (7) the NASD Board's interpretation regarding
suitability requirements for institutional accounts. Please let
Amy Lancellotta know if there are any other items that you would
like to discuss at the meeting. She can be reached at 202/326-5824
and her fax number is 202/326-5828.
Please contact Paula Kitendaugh at 202/326-5814 by November 4
to let her know whether you will be attending the meeting.
Amy B.R. Lancellotta
Associate Counsel