March 8, 1989 TO: BOARD OF GOVERNORS NO. 16-89 STATE SECURITIES MEMBERS NO. 9-89 RE: PROPOSED AMENDMENT OF CALIFORNIA EXPENSE LIMITATION RULE __________________________________________________________ As you know, the Institute has been working for several years to eliminate expense...

March 7, 1989 TO: OPERATIONS COMMITTEE NO. 5-89 RE: CHECK AGING STUDY - NOVEMBER, 1988 __________________________________________________________ This is the first Institute check aging study following the implementation of the Federal Reserve rules, effective September 1, 1988, under...

March 6, 1989 TO: INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 16-89 INVESTMENT ADVISER MEMBERS NO. 17-89 RE: CALIFORNIA ADOPTS RULE CONCERNING PROCEDURE FOR INVESTMENT ADVISERS SURRENDERING CERTIFICATES __________________________________________________________ Effective February 1, 1989...

- 1 - March 6, 1989 TO: SEC RULES COMMITTEE NO. 15-89 CLOSED-END FUND COMMITTEE NO. 4-89 RE: SEC PROPOSES RULE EXPANDING TIME PERIOD FOR SELECTION OF ACCOUNTANTS UNDER SECTION 32(a)(1) __________________________________________________________ Section 32(a)(1) of the Investment...

March 6, 1989 TO: SEC RULES MEMBERS NO. 16-89 CLOSED-END FUND MEMBERS NO. 14-89 RE: SEC PROPOSES RULE EXPANDING TIME PERIOD FOR SELECTION OF ACCOUNTANTS UNDER SECTION 32(a)(1) __________________________________________________________ Section 32(a)(1) of the Investment Company Act of...

March 6, 1989 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 10-89 RE: USE OF THE MANUAL EXEMPTION TO EXEMPT RESALES IN THE STATES __________________________________________________________ In most states, unit trusts rely on an exemption from registration under the state securities acts for...

March 3, 1989 TO: UNIT INVESTMENT TRUST COMMITTEE NO. 9-89 RE: GLASS-STEAGALL LEGISLATION __________________________________________________________ You will recall that at our last meeting we discussed the desirability of having committee members review developments concerning the...

March 10, 1989 TO: BOARD OF GOVERNORS NO. 15-89 EXECUTIVE COMMITTEE NO. 3-89 MEMBERS - ONE PER COMPLEX NO. 5-89 DIRECT MARKETING COMMITTEE NO. 7-89 MARKETING COMMITTEE NO. 5-89 PUBLIC INFORMATION COMMITTEE NO. 5-89 RESEARCH COMMITTEE NO. 4-89 SALES FORCE MARKETING COMMITTEE NO. 6-89...

March 2, 1989 TO: INVESTMENT ADVISER MEMBERS NO. 16-89 INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 15-89 RE: NASD SERIES 65 LAW EXAMINATION STUDY GUIDE PUBLISHED __________________________________________________________ As we have previously informed you, the National Association of...

March 2, 1989 TO: TAX COMMITTEE NO. 7-89 OPTIONS AND FUTURES TASK FORCE NO. 3-89 RE: JUNE 1 MEETING ON SECTION 851(b)(4) ISSUES __________________________________________________________ The Internal Revenue Service is presently reconsidering a variety of section 851(b)(4) issues...