July 25, 1989 TO: INVESTMENT ADVISER MEMBERS NO. 39-89 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 38-89 RE: SEC STAFF PERMITS PERFORMANCE FEE FOR ADVISER/GENERAL PARTNER OF INVESTMENT LIMITED PARTNERSHIP __________________________________________________________ The staff of the...

July 24, 1989 TO: BOARD OF GOVERNORS NO. 42-89 CLOSED-END FUND COMMITTEE NO. 28-89 SEC RULES COMMITTEE NO. 42-89 UNIT INVESTMENT TRUST COMMITTEE NO. 37-89 RE: INSTITUTE COMMENT LETTER ON FED PROPOSAL TO PERMIT BANK HOLDING COMPANIES TO UNDERWRITE AFFILIATE SECURITIES _________________...

July 24, 1989 TO: MEMBERS - ONE PER COMPLEX NO. 23-89 RE: Annual Membership Verification and Mailing List Update __________________________________________________________ Each year we ask the senior contact at each Institute member group to verify certain key information with respect...

July 24, 1989 TO: SEC RULES MEMBERS NO. 33-89 STATE SECURITIES MEMBERS NO. 26-89 INVESTMENT ADVISER MEMBERS NO. 38-89 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 37-89 RE: RECENT COMMISSION ENFORCEMENT ACTIONS __________________________________________________________ In a release dated...

July 24, 1989 TO: BOARD OF GOVERNORS NO. 43-89 SEC RULES MEMBERS NO. 32-89 RE: HOUSE ENERGY AND COMMERCE COMMITTEE REPORTS SEC FUNDING BILL __________________________________________________________ The House Energy and Commerce Committee has reported a bill that would change the SEC...

July 21, 1989 TO: SEC RULES COMMITTEE NO. 41-89 CLOSED-END FUND COMMITTEE NO. 27-89 UNIT INVESTMENT TRUST COMMITTEE NO. 36-89 ADVERTISING SUBCOMMITTEE RE: RISK DISCLOSURE ON HIGH-YIELD BONDS __________________________________________________________ The recent release issued by the...

July 20, 1989 TO: PENSION MEMBERS NO. 32-89 RE: IRS REVENUE RULING CONCERNING WASTING TRUSTS __________________________________________________________ Attached is a copy of IRS Revenue Ruling 89-87, which addresses a plan that was amended to terminate the plan and cease accruals, but...

- 1 - July 20, 1989 TO: PENSION MEMBERS NO. 33-89 RE: INSTITUTE AND OTHER GROUPS REQUEST REVENUE RULING CONCERNING TRANSFERS AMONG SECTION 403(b) ARRANGEMENT FUNDING VEHICLES __________________________________________________________ As you know, for a number of years the Institute...

July 19, 1989 TO: TAX MEMBERS NO. 25-89 ACCOUNTING/TREASURERS COMMITTEE NO. 24-89 OPERATIONS MEMBERS NO. 21-89 TRANSFER AGENT SHAREHOLDER ADVISORY COMMITTEE NO. 17-89 RE: COURT DECISION ON ADEQUATE IDENTIFICATION OF SHARES REDEEMED _____________________________________________________...

July 19, 1989 TO: INVESTMENT ADVISERS COMMITTEE NO. 28-89 RE: MARYLAND PROPOSES INVESTMENT ADVISER RULES __________________________________________________________ The Maryland Securities Divison has proposed investment adviser rules under the new Maryland investment adviser law (see...