table of authorities adviser...aaron v. sec ... chao v. linder ... roosevelt & son, in...

Table of Authorities

(References are to pages.)

CASES

A

Aaron v. SEC ..................................................................24-43, 35-79Abbott Labs. Derivative S’holders Litig., In re ........................... 24-44Abrahamson v. Fleschner ................................................ 46A-4, 48-3Amaroq Asset Mgmt., LLC, In re .............................................. 33-21Anderson v. Knox ...............................................................38-5, 38-6Anglo Am. Sec. Fund, L.P. v. S.R. Global Int’l Fund, L.P. ........48A-23Anthony Fields, et al., In the Matter of .................................... 60-14Arleen W. Hughes, In re .....................................................16-2, 19-8Assured Guaranty (UK) Ltd. v.

J.P. Morgan Inv. Mgmt. Inc. ............................................... 35-93AT&T Mobility, LLC v. Concepcion ......................................... 31-22Augustus P. Loring, Jr., In re ........................................................ 2-48

B

Banc of America Investment Services, Inc. and ColumbiaManagement Advisors, LLC, In the Matter of .................. 44-10

Basic, Inc. v. Levinson ....................................................29-7, 34B-15Belmont v. MB Investment Partners, Inc. ................................. 35-15Ben v. Schwartz ......................................................................... 35-68Bird v. SEC .............................................................................. 34B-31Blount v. SEC .....................................................................52-4, 52-9Blue Flame Energy Corp. v. Ohio Dep’t of Commerce .............. 46-28Brewster v. Maryland Sec. Comm’n .......................................... 35-56Brian K. Costello, In the Matter of ........................................... 49F-5Buckley v. Valeo ........................................................................... 52-4Burks v. Lasker .......................................................................... 42-13

T–1(Inv. Adv. Reg., Rel. #7, 6/15)

C

Capital Guardian Trust Co. ....................................................... 49-45Capital Research & Mgmt. Co. v. Brown .................................. 46-29Cardinal Health Ins. Sec. Litig. ................................................. 33-22Caremark Int’l, Inc. Derivative Litig., In re .....................24-44, 34-8Carlson v. United States ..........................................................34B-52Carnero v. Boston Scientific Corp. ............................................ 31-21Carpenter v. Harris, Upham & Co. ........................................... 24-43Chao v. Linder ........................................................................... 49-41Charles Hughes & Co. v. SEC ........................................39-10, 39-11Chiarella v. United States ...............................................29-6, 34B-66Christy v. Pa. Tpk. Comm’n ...................................................34B-47Citizens United v. FEC ............................................. 52-3, 52-4, 53-8Clarke Lanzen Skalla Inv. Firm, Inc.,

In the Matter of .........................................................43-9, 43-10Clover v. Total Sys. Servs., Inc. ................................................. 31-19Conrad & Company, et al., In re ................................................ 38-3Cont’l Grain (Austl.) Pty. Ltd. v. Pac. Oilseeds, Inc. .................. 51-10Courtlandt v. E.F. Hutton, Inc. .................................................... 2-25Cover v. Cushing Capital Corp. ................................................ 35-92CPC Int’l v. McKesson Corp. .........................................35-78, 35-79Crabtree Invs., Inc. v. Aztec Enters., Inc. .................................... 2-14Crooks v. Pa. Sec. Comm’n ....................................................... 35-62

D

Del. Mgmt. Co., In the Matter of ............................................... 16-2Detroit Edison Co. v. SEC ......................................................... 47-69Dirks v. SEC ................................................................................ 29-6Diversified Indus., Inc. v. Meredith ........................................... 33-22Donner Estates, Inc., In re .................................................2-48, 59-3Donovon v. Bierwirth ................................................................ 49-25

E

Eaves v. Penn ............................................................................... 49-7Egan v. TradingScreen, Inc. ........................................................ 31-20Egghead.com, Inc. v. Brookhaven Capital Mgmt. Co. ............... 56-19Ellis v. Rycenga Homes, Inc. ....................................... 49-12, 49A-11Envtl. Tectonics v. W.S. Kirkpatrick Inc. ..................................31A-17Ernst & Ernst v. Hochfelder .............................................29-7, 35-78

INVESTMENT ADVISER REGULATION

T–2

Esser Distrib. Co., Inc. v. Steidl ................................................ 35-79Etienne v. Mitre Corp. ....................................................24-23, 24-39Everts v. Holtman ...................................................................... 35-79

F

Faro Techs., Inc., In the Matter of ...........................................31A-33Fed. Trade Comm’n v. TRW, Inc. ...................................24-22, 24-39Fin. Planning Ass’n v. SEC ........................... 2-22, 2-25, 8-21, 19-14,

..................................................38-2, 38-25, 38-30, 39-16, 39-19First Multifund Advisory Corp., In the Matter of ....................... 12-6First Serv. Corp., In re ................................................................. 2-48Fiswick v. United States ..........................................................31A-14Fogel v. Chestman ..................................................................... 55-78Fred Alger Mgmt., Inc., In the Matter of .................................... 45-9Freund v. Marshall & Ilsley Bank ................................................ 49-7

G

Gabelli, In re ........................................................ 27-2, 29-14, 29-20Gabelli v. SEC ............................................................................ 35-81Gartenberg v. Merrill Lynch Asset Mgmt., Inc. ......................... 42-10Gavin v. SEC ...........................................................................34B-44Geman v. SEC ........................................................................... 43-11Goldstein v. SEC .............................. 4-12, 5-4, 45A-3, 46-67, 46-93,

.................................................. 46-95, 46A-32, 46A-34, 46A-47,

................................................46A-52, 48-36, 48A-3, 50-8, 51-3,

................................................51-24, 51-26, 52-16, 55-30, 58-20Graham v. Allis-Chalmers Mfg. Co. .......................................... 24-44Grand Jury Subpoena: Under Seal, In re ...................................34B-9Graphic Sci., Inc. v. Int’l Mogul Mines Ltd. .............................. 56-19Gustafson v. Alloyd ................................................................... 35-91Gutfreund, In re ........................................................................ 24-38

H

Haddock v. Nationwide Fin. Servs. .................................49-35, 49-37Harrison v. Dean Witter Reynolds, Inc. .................................... 29-10Hecker v. Deere & Co. .............................................................. 49-36Hickman v. Taylor ..........................................................24-22, 33-21


T–3(Inv. Adv. Reg., Rel. #7, 6/15)

Hill York Corp. v. Am. Int’l Franchises, Inc. ............................. 47-27Hollinger v. Titan Capital Corp. ............................................... 24-43Houston v. Seward & Kissell, LLP ............................................. 46-29Hughes v. SEC ....................................................................16-2, 19-8Hunt v. Miller ............................................................................ 24-43Huppe v. Special Situations Fund III QP, L.P. .............................. 56-7Huppe v. WPCS Int’l Inc. ............................................................ 56-7

I

IFG Network Securities, Inc., et al., In re ................................. 38-22In re Abbott Labs. Derivative S’holders Litig. ............................ 24-44In re Amaroq Asset Mgmt., LLC ............................................... 33-21In re Arleen W. Hughes ......................................................16-2, 19-8In re Augustus P. Loring, Jr. ......................................................... 2-48In re Caremark Int’l, Inc. Derivative Litig. ......................24-44, 34-8In re Conrad & Company, et al. ................................................. 38-3In re Donner Estates, Inc. ........................................................... 2-48In re First Serv. Corp. .................................................................. 2-48In re Gabelli ......................................................... 27-2, 29-14, 29-20In re Grand Jury Subpoena: Under Seal ....................................34B-9In re Gutfreund ......................................................................... 24-38In re IFG Network Securities, Inc., et al. .................................. 38-22In re Initial Public Offering Sec. Litig. ............ 33-22, 34B-59, 34B-61In re Investors Planning, Inc. et al. ........................................... 38-14In re James L. Foster, Laurie F. Foster, Steven M. Bolla,

and William E. Busacker, Jr. ................................................. 20-9In re Marc N. Geman ............................................................... 48-34In re Monetta Fin. Servs., Inc., et al. ........................................ 48-33In re Petition to Am. Bank and Trust Co. of Penn. .................. 35-70In re Pitcairn Co. ......................................................................... 2-48In re Qwest Commc’ns Int’l, Inc. ................................33-22, 34B-11In re Roosevelt & Son ................................................................. 2-48In re Steinhardt Partners, L.P. .......................................33-22, 34B-61In re Subpoenas Duces Tecum ................................................34B-11In re Valicenti Advisory Services, Inc. and

Vincent R. Valicenti .......................................................4-28, 6-3In the Matter of Anthony Fields, et al. ..................................... 60-14In the Matter of Banc of America Investment Services, Inc.

and Columbia Management Advisors, LLC ....................... 44-10In the Matter of Brian K. Costello ............................................ 49F-5In the Matter of Clarke Lanzen Skalla Inv. Firm, Inc. ....... 43-9, 43-10


T–4

In the Matter of Del. Mgmt. Co. ................................................ 16-2In the Matter of Faro Techs., Inc. ............................................31A-33In the Matter of First Multifund Advisory Corp. ........................ 12-6In the Matter of Fred Alger Mgmt., Inc. ..................................... 45-9In the Matter of Jack Maguire & JK Maguire & Associates ........ 49F-4In the Matter of Noon Capital Mgmt., LLC & Timothy

George Noonan .................................................................... 35-9In the Matter of Robert Anthony Donas ................................... 49F-4In the Matter of Schnitzer Steel Indus., Inc. ...........................31A-39Initial Public Offering Sec. Litig., In re ........... 33-22, 34B-59, 34B-61Investors Planning, Inc. et al., In re .......................................... 38-14

J

Jack Maguire & JK Maguire & Associates, In the Matter of ....... 49F-4James L. Foster, Laurie F. Foster, Steven M. Bolla, and

William E. Busacker, Jr., In re ............................................... 20-9Janvey v. Proskauer Rose LLP ..................................................34B-16Jenkins v. Yager .......................................................................... 49-38Johnson-Bowles Co. v. Division of Sec. ..................................... 35-56Jones v. Harris Assocs. L.P. .......................................................... 42-9

K

Kamerman v. Steinberg .............................................................. 24-27Kaufman v. Merrill Lynch, Pierce, Fenner & Smith, Inc. ............ 2-25Kravitz v. Pressman, Frohlich & Frost, Inc. ............................... 24-43Krinsk v. Fund Asset Mgmt., Inc. .............................................. 42-24

L

Laborers Nat’l Pension Fund v.Trust Quantitative Advisors, Inc. .......................................49A-8

Laird v. Integrated Res., Inc. .............................................34-15, 57-8Lane Bryant, Inc. v. Hatleigh Corp. ............................................. 56-8Langbecker v. Elec. Data Sys. Corp. .......................................... 49-38Last Atlantis Capital LLC v.

AGS Specialist Partners ...................................... 34B-61, 34B-66Leasco Data Processing Equip. Corp. v. Maxwell ...................... 51-10


T–5(Inv. Adv. Reg., Rel. #7, 6/15)

Livingston v. Wyeth, Inc. ........................................................... 31-19Lorenz v. Watson ....................................................................... 24-43Lowe v. SEC .................................................. 2-43, 2-44, 2-45, 49F-5,

........................................................... 55-62, 55-63, 55-64, 58-19

M

Manns v. Skolnik ....................................................................... 35-79Marc N. Geman, In re .............................................................. 48-34Mass. Fin. Servs., Inc. v. Sec. Inv. Prot. Corp. ............. 49C-26, 49E-8McKesson Corp. v. Green ........................................................ 34B-11Mechigian v. Art Capital Corp. ..................................................... 2-9Meinhard v. Salmon .................................................................... 57-7meVC Draper Fisher Jurvetson Fund I, Inc. v.

Millennium Partners, L.P. ................................................... 56-10Monetta Fin. Servs., Inc. v. SEC ................................................ 55-74Monetta Fin. Servs., Inc., et al., In re ....................................... 48-33Morris v. Wachovia Sec., Inc. .............................49C-9, 49E-26, 57-8Moses v. Burgin ......................................................................... 55-78

N

Nat’l Home Prods., Inc. v. Gray .................................................. 56-9New York v. Canary Capital Partners, LLC ................. 46-92, 46A-31New York v. Henry “Hank” Morris and David Loglisci ............ 55-42Newport Pac. Inc. v. Cnty. of San Diego ................................... 34B-9Noon Capital Mgmt., LLC & Timothy George Noonan,

In the Matter of .................................................................... 35-9

O

O’Connor & Assocs. v. Dean Witter Reynolds, Inc. .................. 24-43Odone v. Croda Int’l PLC ........................................................ 34B-47

P

Pantry Pride, Inc. v. Rooney ................................................56-8, 56-9Parklane Hosiery Co. v. Shore ................................................. 34B-67Pearce v. E.F. Hutton Grp. ......................................................... 24-21


T–6

Petition to Am. Bank and Trust Co. of Penn., In re ................. 35-70Phillips v. SEC ........................................................................... 47-69Phillips Petroleum Secs. Litig. .................................................34B-65Pinter v. Dahl .................................................................35-91, 47-27Pitcairn Co., In re ........................................................................ 2-48Prudential Ins. Co. of Am. v. SEC ............................................... 59-9

Q

Qwest Commc’ns Int’l, Inc., In re ...............................33-22, 34B-11

R

R v. Patel ................................................................................. 49C-55Raymond James Fin. Servs., Inc. v.

Barbara J. Phillips, etc., et al. .............................................. 35-85Reves v. Ernst & Young ............................................................. 54-75Richard C. Breeden, Trustee of the Bennett Funding Grp. v.

Storch and Brenner, LLP & Irving M. Pollack ..................34B-16Richman v. Goldman Sachs Grp., Inc. ...................... 34B-14, 34B-63Robert Anthony Donas, In the Matter of .................................. 49F-4Rodriguez de Quijas v. Shearson/Am. Express, Inc. ............9-6, 35-92Rolf v. Blyth, Eastman Dillon & Co. ......................................... 17-20Roosevelt & Son, In re ................................................................ 2-48Rosenberg v. Metlife, Inc. .......................................................... 35-45Rosenberg v. Metlife, Inc., Metropolitan Life Ins. Co. &

Metlife Sec., Inc. ................................................................. 35-45Ross v. A.H. Robbins Co. .......................................................... 24-27

S

Saltz v. First Frontier, L.P. ........................................................48A-23Schaffer v. CC Inv., LDC ............................................................. 56-9Schaffer v. Soros .......................................................................... 56-5SEC v. Alan Brian Bond, et al. ................................................... 48-33SEC v. Aletheia Research & Mgmt., Inc., et al. .......................48A-22SEC v. Anthony Postiglione, Jr., et al. ....................................... 48-33SEC v. Beacon Hill Asset Mgmt., LLC, et al. .................48-32, 48-33SEC v. Blackfoot Bituminous, Inc. ............................................34B-6SEC v. Bridge Premium Fin., LLC ...........................................34B-57


T–7(Inv. Adv. Reg., Rel. #7, 6/15)

SEC v. Burton G. Friedlander, et al. .......................................... 48-33SEC v. Capital Gains Research Bureau, Inc. ........ 1-6, 1-7, 4-10, 8-5,

............................................................10-3, 15A-45, 20-2, 34-14,

...................................................35-15, 38-12, 39-5, 44-5, 46-93,

........................................... 46A-31, 48-31, 48-32, 48A-2, 48A-3,

...........................................48A-9, 48A-10, 49C-9, 49E-26, 52-3,

.......................................................... 54-71, 55-21, 55-64, 55-65,

................................................................. 55-66, 57-7, 60-8, 61-3SEC v. Charles J. Marquardt ....................................................... 29-3SEC v. Citigroup Global Mkts. Inc. ........................... 34B-57, 34B-66SEC v. Colello ..........................................................................34B-53SEC v. Cont’l Tobacco Co. of S.C. ............................................. 47-27SEC v. Cuban .............................................................................. 29-7SEC v. David A. Zwick .............................................................. 28-15SEC v. Deephaven Cap. Mgmt. and Bruce Lieberman ................ 29-3SEC v. Delsa U. Thomas .........................................................48A-21SEC v. DiBella ........................................................................... 55-29SEC v. Dynamic Daytrader.com L.L.C. &

David A. Rudnick, C.A. ........................................................ 2-46SEC v. Elles ................................................................49C-52, 49E-42SEC v. Falcone .........................................................................15A-42SEC v. First Nat’l City Bank ........................................................ 59-9SEC v. Friedman, Billings, Ramsey & Co. ................................. 29-14SEC v. Frohna .............................................................................. 29-7SEC v. Galleon Mgmt., LP et al. .................................................. 29-4SEC v. Gen. Elec. Co. ..............................................................31A-35SEC v. Geon Indus., Inc. ........................................................... 24-43SEC v. Global Telecom Servs., LLC .........................................34B-53SEC v. Graystone Nash, Inc. ...................................................34B-53SEC v. Guttenberg et al. .............................................................. 29-4SEC v. Halliburton Co. & KBR, Inc. .......................................31A-27SEC v. Hansen, et al. .................................................48A-15, 48A-21SEC v. Henry Morris et al. ........................................................ 55-42SEC v. IBM ..............................................................................31A-33SEC v. Innospec, Inc. ...............................................................31A-38SEC v. Int’l Bus. Machs. Corp. ..................................49C-52, 49E-42SEC v. J.W. Korth & Co. .............................................................. 33-3SEC v. John Gardner Black, Devon Capital Management, Inc.,

and Financial Management Services Inc. ........................... 55-47SEC v. Johnson & Johnson ......................................................31A-28SEC v. Juno Mother Earth Asset Management, LLC, et al. .......15A-52SEC v. Kornman ......................................................................34B-53SEC v. Kurt Hovan ..................................................................34B-35SEC v. Mannion ........................................................................ 61-12


T–8

SEC v. Mark Anthony Longoria et al. ......................................... 29-3SEC v. Michael L. Smirlock, et al. ............................................. 48-33SEC v. Michael W. Crow, et al. .................................................. 54-77SEC v. Mondschein ..................................................................... 15-9SEC v. Moran .............................................................................. 20-9SEC v. Nat’l Exec. Planners, Ltd. ......................................2-25, 38-13SEC v. Nat’l Presto Indus., Inc. ................................................... 59-3SEC v. Nat’l Student Mktg. Corp. ...........................................34B-56SEC v. Nature’s Sunshine Prods., Inc. .........31A-34, 31A-42, 31A-43SEC v. Olsen .............................................................................. 24-38SEC v. Omnigene Devs., Inc. ..................................................34B-53SEC v. Oracle Corp. ...................................................49C-52, 49E-42SEC v. Oscar H. Meza ...............................................31A-33, 31A-39SEC v. Park .................................................................................. 2-46SEC v. Paul J. Silverster, et al. ................................................... 48-35SEC v. Quadrangle Grp. LLC, et al. ........................................15A-16SEC v. Ralston Purina Co. ......................................................... 47-27SEC v. Robert W. Philip ...........................................................31A-40SEC v. Rorech ............................................................................ 29-20SEC v. Schield Mgmt. Co. ......................................................... 33-20SEC v. Sharef et al. ....................................................31A-41, 31A-42SEC v. Si Chan Wooh ..............................................................31A-40SEC v. Sidney Mondschein ......................................................15A-30SEC v. Siemens Aktiengesellschaft ..........................................31A-24SEC v. SnyamicDaytrader.com LLC, et al. ................................ 48-33SEC v. Steadman ....................................................................... 48-32SEC v. Straub et al. ....................................................31A-41, 31A-42SEC v. Suter ............................................................................... 55-63SEC v. Tex. Gulf Sulphur Co. ...................................................... 29-6SEC v. Thomas E. Lloyd, et al. .................................................. 48-34SEC v. Timothy J. Lyons ........................................................... 48-33SEC v. Tome ................................................................................ 29-6SEC v. Universal Major Indus. Corp. ........................................ 24-26SEC v. Variable Annuity Life Ins. Co. of Am. ............................. 59-9SEC v. Wall St. Transcript Corp. ............................................... 55-63SEC v. Whittemore ..................................................................34B-53SEC v. W.J. Howey Co. .............................................................. 47-27SEC v. Yorkville Advisors, LLC et al. ..............................61-10, 61-11SEC v. Yun Soo Oh Park, et al. .................................................. 48-34Sec’y of State v. Tretiak .............................................................. 35-79Selzer v. Bank of Berm., Ltd. ..................................................... 55-50Shearson/Am. Express, Inc. v. McMahon ...........................9-6, 35-92Stanton v. Shearson Lehman/Am. Express, Inc. .............49-10, 49-12State v. Andresen ....................................................................... 35-95


T–9(Inv. Adv. Reg., Rel. #7, 6/15)

State v. Dumke .......................................................................... 35-95State v. Gunnison ...................................................................... 35-79State v. Landes ........................................................................... 35-95State v. Mueller .......................................................................... 35-95State v. Shama Res. Ltd. P ’ship ................................................. 35-79State of N.Y. v. Rachmani Corp. ................................................ 35-79Steinhardt Partners, L.P., In re ......................................33-22, 34B-61Subpoenas Duces Tecum, In re ...............................................34B-11Sundstrand Corp. v. Sun Chem. Corp. ....................................... 29-7

T

Temple v. Gorman ..................................................................... 46-28Thomas v. Metropolitan Life Ins. Co. ......................................... 41-4Tibble v. Edison Int’l .................................................................49A-7Torsiello Capital Partners LLC v.

Sunshine State Holding Corp. ............................................ 54-77TransAmerica Mortg. Advisors, Inc. v. Lewis ................. 1-6, 15A-40,

..........................................................15A-45, 34-2, 34-13, 34-14,

......................................................... 34-15, 44-5, 48A-3, 48A-10,

.............................................. 48A-23, 49C-9, 49E-26, 57-8, 61-3TSC Indus. Inc. v. Northway, Inc. ............................................ 56-11

U

U.D. Registry, Inc. v. State ........................................................ 15-27Union Cnty., Iowa v. Piper Jaffray & Co. .......................54-70, 54-71United States v. Alfred C. Toepfer Int’l .......................31A-8, 31A-23United States v. Amaro Goncalves, et al. ................................31A-31United States v. Arthur Young & Co. ........................................ 24-35United States v. Barnhart ........................................................34B-52United States v. Bizjet Int’l Sales & Support, Inc. ...................31A-30United States v. Booker ..................................................24-27, 24-45United States v. Butler .............................................................31A-14United States v. Davila ...................................................24-27, 24-38United States v. Elliott ..............................................................48A-3United States v. Esquenazi ............................31A-9, 31A-10, 31A-11United States v. Haligiannis ...................................................... 48-33United States v. Hallmark Constr. Co. ....................................31A-15United States v. HSBC Bank USA ...........................................31A-40United States v. Kellogg Brown & Root LLC ...........................31A-27United States v. Kozeny, et al. ...................................31A-13, 31A-18


T–10

United States v. Kumar & Richards ..........................................34B-9United States v. La. Generating, LLC ......................................31A-15United States v. Metcalf & Eddy Int’l, Inc. .............................31A-48United States v. Noall ....................................................24-22, 24-39United States v. Noriega et al. ......................31A-9, 31A-10, 49C-52,

............................................................... 49C-53, 49E-42, 49E-43United States v. O’Hagan ............................................................ 29-7United States v. Patrick H. McCarthy III ................................34B-36United States v. Ray ..................................................................34B-9United States v. Ring .................................................................34B-9United States v. Rodriguez ........................................................... 26-4United States v. Ruehle .............................................................34B-9United States v. Siemens Aktiengesellschaft .............31A-24, 31A-25United States v. Singleton .........................................................34B-9United States v. Snamprogetti Netherlands B.V. .....................31A-14United States v. Technip ..........................................................31A-28United States v. United Shoe Mach. Corp. ............................... 24-22United States v. Warters .................................................24-27, 24-38Upjohn Co. v. United States ...................24-21, 31-30, 33-21, 34B-9

V

Valicenti Advisory Services, Inc. andVincent R. Valicenti, In re ...................................................... 6-3

Valicenti Advisory Servs., Inc. v. SEC .................................4-29, 6-13

W

Wang v. Gordon ............................................................................. 2-9Weiner v. Quaker Oats Co. ......................................................34B-65Wilko v. Swan ................................................................................ 9-6

Z

Zinn v. Parrish ........................................................................2-7, 2-9Zweig v. Hearst Corp. ................................................................ 24-43


T–11(Inv. Adv. Reg., Rel. #7, 6/15)

SEC NO-ACTION LETTERS

A

ABA Subcommittee on Private Investment Entities(Dec. 8, 2005) .................................... 2-67, 4A-11, 45A-2, 57-11(Aug. 10, 2006) ......................................................... 45A-4, 51-3

ABN AMRO Bank N.V. (July 1, 1997) ..............46A-42, 51-7, 51-17,...................................................................... 51-18, 51-19, 51-22

Aeltus Investment Management, Inc. (July 17, 2000) .............34A-14Al O’Brien (Oct. 6, 1973) ............................................49C-7, 49E-24Alexander, Holburn, Beauden & Lang (Aug. 13, 1984) ............... 2-50Alliance Capital Mgmt. L.P. (Oct. 11, 1989) ............................. 10-25Allianz of America, Inc. (May 25, 2012) ....................................... 2-9Alphadex Corp. (Feb. 21, 1972) ................................................... 2-10American Bar Ass’n, Business Law Section

(Jan. 18, 2012) .......................................................... 2-67, 45A-4Am. Capital Fin. Servs., Inc.

(Apr. 25, 1985) ...................................................................... 41-5(Apr. 29, 1985) ................................................. 2-24, 2-41, 38-19

American Century Co., Inc./J.P. Morganand Co. (Dec. 23, 1997) ........................................... 9-8, 15A-37

American Express Financial Corp. (Aug. 28, 1995) ................... 10-20American General Capital Planning, Inc.

(Sept. 18, 1976) ................................ 38-13, 38-19, 38-21, 38-22(Mar. 21, 1977) ............................................ 38-13, 38-19, 38-21

American International Group, Inc.(Dec. 8, 2004) ...................................................................34A-14(Feb. 21, 2006) ..................................................................34A-14

Am. Skandia Life Assurance Corp. (May 16, 2005) .................. 11-22Ameriprise Financial Services Inc. (Apr. 5, 2006) ...................34A-14Ameriway Sav. Ass’n (Apr. 28, 1986) .......................................... 2-13Anametrics Investment Management (May 5, 1977) .................... 6-9Angel Capital Elec. Network (Oct. 25, 1996) .............................. 2-11Anthony & Company (Oct. 25, 1974) ........................................ 38-8Anthony Healy (Mar. 25, 1991) .................................................. 2-45A.R. Schmeidler & Co. Inc. (June 1, 1976) ................................... 7-6Arkad Co. (Mar. 19, 1992) .......................................................... 2-68Aspen Grove (Dec. 8, 1982) ...................................................... 46-19Associates in Financial Planning (July 24, 1976) ...............38-8, 38-9Ass’n for Investment Management and Research

(Dec. 18, 1996) ............................................................6-13, 45-9


T–12

B

Barclays Bank PLC (June 6, 2007) ...........................................34A-14Batterymarch Financial Management (Aug. 29, 1986) .............. 10-25BDN Advisers Inc. (Aug. 29, 1986) ........................................... 10-25Benson White & Company ’s Life Cycle Mutual Funds

(June 14, 1995) ..................................................................... 43-9BISYS Fund Servs., Inc. (Sept. 2, 1999) ..............................10-5, 10-6Boston Advisory Group (Dec. 5, 1976) ..................................... 38-15Bradford Hall (July 19, 1991) ...................................................... 6-14Bramwell Growth Fund (Aug. 7, 1996) .............................7-12, 45-9,

............................................................................... 48-63, 49C-23Brent A. Neiser

(Jan. 21, 1985) ...................................................................... 2-41(Jan. 21, 1986) .................................................................... 38-19

Brighton Pacific Realty Asset Mgmt. Co.(Feb. 10, 1992) ...............................................2-6, 49C-6, 49E-24

Bruce H. Gemmel (July 14, 1976) ............................................... 2-68BT Alex Brown, Inc. (Nov. 17, 1999) ............................................ 5-6Bypass Wall Street, Inc. (Jan. 7, 1992) ..................................6-9, 7-10

C

Calvin A. Fisher (May 1, 1972) ........................................38-7, 38-13Cambiar Investors, Inc.

(Aug. 28, 1994) ................................................................... 48-49(Aug. 28, 1997) ....................................................................... 6-5

CFS Sec. Corp. (Feb. 27, 1987) ................................................... 41-7Charles L. Simpson (July 7, 1992) .............................................. 2-45Charles Lerner (Oct. 25, 1988) .........................................21-2, 21-11Charles Schwab & Co., Inc. (Apr. 29, 1998) ................................. 5-7Charles St. Sec., Inc. (Feb. 27, 1987) .......................................... 2-10CIBC Mellon Trust Company (Feb. 24, 2005) ........................34A-14Cigna Securities, Inc. (Sept. 10, 1991) .......................................... 6-5Clearing Services, Inc. (Feb. 1, 1992) ..................................... 49C-28Clover Capital Mgmt., Inc.

(Oct. 27, 1986) ................................................................ 49C-23(Oct. 28, 1986) ............................. 6-10, 6-11, 7-3, 7-4, 7-5, 7-6,...................................................7-9, 7-13, 49C-16, 49E-32, 60-7(July 19, 1991) ...................................................................... 7-10

Computer Language Res., Inc. (Dec. 26, 1985) ........................... 2-10CONS Commc’ns Fund, L.P. (Apr. 17, 1987) ............................ 47-40


T–13(Inv. Adv. Reg., Rel. #7, 6/15)

Constellation Fin. Mgmt., LLC(Jan. 9, 2003) .............................................10-6, 49C-14, 49E-30

Continental Trading (Jan. 22, 1976) ........................................... 38-8Conway Asset Mgmt., Inc. (Jan. 27, 1989) ......................7-13, 48-64Copeland Fin. Servs., Inc. (Sept. 21, 1992) ................................. 45-3Cornish & Carey Commercial, Inc. (June 21, 1996) ....... 46-57, 47-40Covato/Lipsitz, Inc. (Oct. 23, 1981) ...................6-9, 49C-16, 49E-32Credit Suisse First Boston Corp. (Aug. 24, 2000) ...................34A-14Credit Suisse First Boston, LLC (Aug. 31, 2005) ......................... 40-7Crocker Inv. Mgmt. Corp.

(Apr. 14, 1978) .........................................................11-14, 40-24(Apr. 14, 1987) ................................................................. 49C-19

Crystal Sec. Corp. (Jan. 4, 1974) ............................................... 39-31Curtis L. Stewart (Feb. 7, 1975) .................................................. 2-13

D

DALBAR (Mar. 24, 1998) .............................................................. 6-6Dana Inv. Advisors, Inc. (Oct. 12, 1994) ....................................... 5-4Daughters of Charity National Health System, Inc.

(Apr. 3, 1998) ...................................................................... 58-15Davenport Mgmt., Inc. (Apr. 13, 1993) ................................... 46-113David P. Atkinson (Aug. 1, 1977) .............................................. 38-21Dean Witter, Discover & Co. (Feb. 8, 1993) ...........................15A-37Dechert, Price & Rhoads (Dec. 4, 1990) ....................................... 5-4Denver Inv. Advisers (July 30, 1993) ............................................. 6-5Dillon, Read & Co.

(Nov. 17, 1973) ..................................................................... 2-10(Aug. 6, 1975) ..................................................................... 19-10

Disclosure, Inc. (Aug. 22, 1996) ................................................ 32-14DJZ Assoc. Inv. Mgmt. (Feb. 28, 1976) ................................2-7, 2-15Don P. Matheson (Sept. 1, 1976) ................................................ 41-9Double D Mgmt., Ltd. (Dec. 30, 1982) ....................................... 51-9Dougherty & Company LLC (July 3, 2003) ...........................34A-14,

.............................................................................49C-15, 49E-31Dow Theory Forecasts, Inc. (Aug. 26, 1983) ........................6-7, 60-7Dreyfus Corp. (Mar. 9, 2001) ..................................................34A-14Dreyfus Strategic Investing (June 22, 1987) .............................. 12-12DST Sys., Inc. (Feb. 2, 1993) .................................................... 32-14


T–14

E

Edward F. O’Keefe (Apr. 13, 1978) .................................. 6-9, 7-4, 7-5Edward L. Grieger ’s Reports (Standards for Financial Planners)

(May 10, 1979) ..................................................................... 38-9E.F. Hutton & Co., Inc. (Nov. 17, 1983) ..........10-4, 49C-13, 49E-29Egan-Jones Proxy Servs. (May 27, 2004) ............................13-2, 13-5EJF Capital LLC (Jan. 16, 2007) ..............................................34A-14Elmer D. Robinson (Jan. 6, 1986) ................. 2-41, 38-19, 41-5, 41-6Eugene E. Castleberry (June 17, 1991) ........................................ 2-45Excellence in Advertising, Ltd. (Dec. 15, 1986) ............................. 5-3

F

Fidelity Mutual Life (Jan. 5, 1974) .............................................. 38-6Fiduciary Mgmt. Assocs., Inc. (Mar. 5, 1984) ....................7-12, 7-13Fin. Counseling Corp. (Dec. 7, 1974) ....................................... 38-18Financial Horizons Advisory (May 25, 1988) .............................. 4-12Fin. Strategies, Inc. (Feb. 14, 1994) ............................................. 2-15FINESCO (Dec. 11, 1979) .................................. 38-13, 38-18, 38-19First Call Corp. (Sept. 6, 1995) ......................................32-13, 32-14First Commerce Investors, Inc. (Jan. 31, 1991) .................2-13, 2-48First Liberty Real Estate Fund (July 14, 1975) .........................49B-12First Southwest Co. (May 27, 2008) .......................................34A-13Founders Asset Management LLC (Nov. 8, 2000) ...................34A-14FPC Sec. Corp. (Dec. 1, 1974) .................................................... 2-25FPS Consultants, Ltd.

(Apr. 6, 1976) ........................................................................ 38-8(May 6, 1976) ..................................................................... 38-13

Frank T. Hines (Nov. 19, 1972) .................. 2-7, 2-15, 49C-6, 49E-24Franklin Mgmt., Inc. (Dec. 10, 1998) ............... 6-7, 6-8, 48-50, 60-7

G

Gardner Russo & Gardner (June 7, 2006) .................... 15A-48, 40-5,..................................................................................48-46, 57-11

GE Funds (Feb. 7, 1997) .............................................................. 45-9General Motors Investment Management Corp.

(Feb. 2, 2000) ....................................................................49B-12George E. Bates (Mar. 26, 1979) .................................................. 41-9


T–15(Inv. Adv. Reg., Rel. #7, 6/15)

George E. Bates and Assoc. (Apr. 26, 1979) ...................38-19, 38-21George J. Dippold (May 7, 1990) ............................................46A-38Gerald H. Cline (Dec. 13, 1978) ................................................. 38-9Gim-Seong Seow (Nov. 30, 1987) .................... 2-64, 46A-34, 49C-5,

.............................................................49E-4, 49E-23, 51-4, 51-8Goldman, Sachs & Co.

(Feb. 22, 1999) ...................................................................... 40-6(Feb. 23, 2005) ..................................................................34A-14(Apr. 12, 2012) ....................................................................34A-9

Goldman Sachs Group, Inc. (July 23, 2010) ...........................34A-13Goodwin, Procter & Hoar LLP (Feb. 28, 1997) .........................45B-4Great Lakes Advisors, Inc. (Apr. 3, 1992) ...........................7-12, 7-14Growth Stock Outlook Trust, Inc. (Apr. 15, 1986) ......... 45-9, 49C-23Gruntal & Co. (July 17, 1996) ...................................................... 5-6G.T. Global Financial Services (Aug. 2, 1988) ...........49C-36, 49E-19Guardian Life Ins. Co. (June 23, 1971) ....................................... 2-62

H

Hall Moneytree Assocs. (Nov. 3, 1983) ..................................... 47-33Handy Place Inv. P ’ship (July 19, 1989) .................................... 47-40Harbert Management Corporation (July 3, 2012) .....................34A-9Hartzmark & Co. (Nov. 11, 1973) .............................................. 19-4H.E. Butt Grocery Co. (May 18, 2001) ..................................... 47-44Heitman Capital Management, LLC (Feb. 12, 2007) ........ 9-5, 15A-40Hoenig & Co. (Oct. 15, 1990) ................................................... 17-11Hopkins & Sutter (Jan. 6, 1984) ................................................. 2-11Horizon Asset Mgmt., LLC (Sept. 13, 1996) ............ 7-13, 7-14, 60-7H.P. Hambrick Co., Inc. and Pajolo AG (Oct. 14, 1988) ........... 51-12Hudson Valley Planning, Inc. (Feb. 25, 1978) ............................. 2-11Hugh Johnson & Co. (Feb. 22, 1976) ....................................... 38-18Hungerford, Aldrin, Nichols & Carter (Dec. 10, 1991) ......2-14, 2-15Huntington National Bank (Jan. 20, 1988) .............................49B-12

I

Institutional Shareholder Servs., Inc. (Sept. 15, 2004) .......13-2, 13-5Institutional Trading Corp. (Nov. 27, 1972) .....................38-5, 38-21Int’l Ass’n for Fin. Planning (June 1, 1998) .................................. 5-3Internet Capital Corp. (Jan. 13, 1998) ........................................ 2-11Interstate/Johnson Lane Corp. (Apr. 21, 1997) .............................. 5-6


T–16

Investment Adviser Ass’n(Dec. 2, 2005) ....................................................................... 60-7(Sept. 20, 2007) .................................................................. 11-19

Investment Assoc., Inc. (Mar. 2, 1980) ..................................... 38-21Inv. Co. Inst.

(Aug. 24, 1987) .................................... 6-10, 7-9, 48-56, 49C-23(Sept. 23, 1988) ........................................ 6-10, 7-9, 7-10, 48-56(Sept. 12, 2011) ................................................................15A-14

Investment Company Institute, Investment Counsel Associationof America (Apr. 10, 2001) ................................................... 14-4

Inv. Counsel Ass’n of Am., Inc.(July 9, 1982) ...................................................................... 11-14(Mar. 1, 2004) ..................... 6-3, 6-7, 6-8, 49C-16, 49E-32, 60-7

Investment Funds Institute of Canada(Mar. 4, 1996) ......................................... 45B-4, 49C-34, 49E-17

Inv. Mgmt. & Res., Inc.(Jan. 27, 1977) ............................................... 2-20, 38-19, 38-20(Dec. 18, 1996) .................................................. 6-13, 7-11, 7-12

IR Resource Planning Corp. (Nov. 18, 1982) .............................. 38-9ITT Hartford Mutual Funds (Feb. 7, 1997) ................................. 45-9

J

James A. Collins (Feb. 16, 1980) ................................................. 38-9James B. Peeke & Co., Inc. (Sept. 13, 1982) ................................. 7-3James DeYoung (Oct. 24, 2003) ..............................................34A-14James R. Waters (June 1, 1995) ................................................... 10-6Jan L. Warner (Dec. 27, 1988) ................................ 2-14, 2-15, 55-61Janney Montgomery Scott LLC (July 18, 2000) ......................34A-14J.B. Hanauer & Co. (Dec. 12, 2000) .......................................34A-14J.D. Manning, Inc. (Feb. 27, 1986) ............................................. 2-45Jeffries & Co. (June 16, 1989) ..................................................... 2-13Jennison Assocs. Cap. Corp. (Dec. 2, 1985) ............... 15A-38, 47-69Jennison Associates LLC (July 6, 2000) ................... 7-16, 7-17, 32-5JMB Fin. Managers, Inc. (June 23, 1993) ...................................... 5-3John B. Kennedy (June 5, 1996) ................................................ 11-14John Bowen Inv. Mgmt. (May 13, 1997) ..................................... 32-4John G. Kinnard and Co. (Nov. 30, 1983) .................................. 39-5John W. Henry & Co., Inc. (Sept. 20, 1996) ............................. 51-18Joseph J. Nameth (Jan. 31, 1983) ................................................ 2-48J.P. Morgan Inv. Mgmt., Inc. (May 7, 1996) ........... 6-11, 7-11, 48-55J.P. Morgan Securities LLC (Jan. 8, 2013) .................................34A-9


T–17(Inv. Adv. Reg., Rel. #7, 6/15)

K

Kanaly Co. (Sept. 7, 1977) .......................................................... 2-12Kempner Capital Mgmt., Inc. (Dec. 7, 1987) .............................. 45-3Kenisa Oil Co. (May 6, 1982) ............................................2-14, 2-15Kidder Peabody & Co., Inc. (Oct. 11, 1990) ..............................34A-5Kinnaid Tech. Advisory Serv. (Nov. 30, 1973) ........................... 39-31Kiran P. Dave (May 4, 1990) ..................................................... 38-19Kirkpatrick & Lockhart LLP (Jan. 28, 2004) ............................... 4-29Kleinwort Benson Inv. Mgmt. Ltd.

(Dec. 15, 1993) ................................2-66, 46A-42, 51-12, 51-17Knowles and Armstrong (Apr. 16, 1974) ................................... 39-31Kurtz Capital Mgmt. (Jan. 18, 1988) ............................................ 6-8

L

Lamp Techs., Inc. (May 29, 1997) ........................ 2-50, 46-20, 46-54Larry R. McIntire (Nov. 15, 1989) ............................................... 2-13Lawwill, Sena & Weller (Apr. 11, 1983) .................................... 11-13Legg Mason Wood Walker, Inc. (June 11, 2001) ......................34A-14LNC Equity Sales Corp. (Aug. 8, 1997) ....................................... 32-9Louis Dreyfus Corp. (July 23, 1987) ........................................ 46-113

M

Maccabees Mutual Life Insurance Company(Aug. 1, 1990) ...................................................................49B-12

Maccabees Mutual Life Insurance CompanySeparate Account (July 29, 1983) .....................................49B-12

Magnuson, McHugh & Co. (Nov. 13, 1989) ............................... 2-68Managed Funds Association (Feb. 6, 2014) ........ 15A-39, 47-41, 59-14Mandell Fin. Grp. (May 21, 1997) .............................................. 4-30Manning & Napier Advisors, Inc. (Apr. 24, 1990) ...................... 43-9Marakon Sys., Inc. (Sept. 6, 1982) .............................................. 2-10Marvin Drabinsky (Nov. 2, 1984) ............................................. 38-23Mary Lee Botsaris (Mar. 25, 1993) .............................................. 2-45Mass. Fin. Servs. (Oct. 6, 1992) .................................................. 32-9Mayer Brown, LLP

(July 15, 2008) ..................... 5-4, 15A-8, 49C-15, 49E-31, 57-15(July 28, 2008) ..................................................................15A-18


T–18

McEldowney Fin. Servs. (Oct. 17, 1986) ....................................... 9-6Mercury Asset Mgmt. plc

(Apr. 6, 1993) ....................................................................46A-42(Apr. 16, 1993) ................................................. 2-66, 51-7, 51-17

Merrill Lynch Asset Management, L.P.(July 1, 1996) ...................................................................... 12-12(Apr. 28, 1997) .................................................................... 19-13

Merrill Lynch Money Mkts. (Jan. 14, 1994) .............................. 12-11Merrill Lynch, Pierce, Fenner & Smith, Inc.

(Aug. 7, 1997) ......................................................................... 5-6(Sept. 15, 1999) ...................................................................... 5-6

Merrill Lynch Trust Co., FSB (July 6, 2000) ............. 19-4, 19-5, 40-5Mexico Fund (Feb. 12, 1975) ..................................................... 10-20Millenia II (Jan. 24, 1992) ...................................................... 49C-30Mitchell Hutchins Asset Mgmt., Inc. (Jan. 2, 1998) ..................... 5-6Money Mgmt. Inst., Securities Industry Association

(Aug. 23, 1999) ................................................................... 43-13Morgan Keegan & Co., Inc. (Apr. 21, 2005) .............................. 43-13Morgan, Lewis & Bockius LLP

(Apr. 16, 1997) ...........................................................40-6, 43-12(Aug. 1, 2002) ....................................................................... 34-3

Morgan Stanley & Co. Inc. (Feb. 4, 2005) ..............................34A-14Ms. Stephanie Hibler (Jan. 24, 2014) ........................................15A-5Munder Capital Mgmt. (May 17, 1996) .................................6-3, 6-6MuniAuction, Inc. (Mar. 13, 2000) ............................. 49C-26, 49E-8Murray Johnstone Holdings Ltd. (Oct. 7, 1994) .......... 46A-42, 51-7,

...................................................................... 51-15, 51-18, 51-21Murray Johnstone Ltd. (Apr. 17, 1987) ..............................51-4, 51-6Mutual Life Ins. Co. of N.Y. (Mar. 2, 1978) ................................ 2-63Myers Krauss and Stevens (Aug. 19, 1988) ............................... 38-23

N

Nathan & Lewis Sec., Inc.(Apr. 4, 1988) ................... 2-41, 38-20, 38-21, 38-32, 41-5, 41-6(July 19, 1990) ...................................................................... 4-12

Nat’l Ass’n of Sec. Dealers (Oct. 19, 1993) ................................... 6-6Nat’l Council of Sav. Institutions (July 27, 1986) ................... 46-113Nat’l Deferred Compensation, Inc. (Aug. 31, 1987) .................. 10-5,

.............................................................................49C-14, 49E-30Nat’l Football League Players Ass’n (Jan. 25, 2002) .............2-11, 5-4Nat’l Mutual Grp. (Mar. 8, 1993) ............................................... 2-66


T–19(Inv. Adv. Reg., Rel. #7, 6/15)

Nat’l Regulatory Servs., Inc. (Dec. 2, 1992) .....................32-14, 45-3NationsBanc Inv., Inc. (May 6, 1998) ........................................... 5-6Neuberger & Berman

(May 29, 1984) ..................................................................... 10-4(Mar. 30, 1987) ............................10-5, 15A-38, 49C-14, 49E-29

New Directions Grp., Inc. (Mar. 6, 1985) ................................... 2-48N.Y. Investors Grp., Inc. (Sept. 7, 1982) ....................................... 6-5Nicholas-Applegate Mutual Funds

(Aug. 6, 1996) ................................................6-13, 45-9, 49C-23(Feb. 7, 1997) .......................................................... 45-9, 49C-23

Nikko Sec. Inv. Trust & Mgmt. Co. (May 17, 1985) .........51-6, 51-9NMB Bank (Sept. 19, 1990) ........................................................ 2-13No Load Mutual Fund Assoc., Inc. (Dec. 31, 1984) ...........2-10, 2-45Northeastern Pennsylvania Synod of the

Evangelical Church in America (May 3, 1988) ................... 58-15Northwestern Nat’l Life Ins. Co. (Jan. 6, 1983) .......................... 2-63

O

Oppenheimer & Co.(July 5, 1979) ...................................................................... 24-43(June 5, 1992) ......................................................................... 5-6

Oppenheimer Arbitrage Partners, L.P. (Dec. 26, 1985) .............. 46-54Oppenheimer Mgmt. Corp. (Aug. 28, 1995) ............................. 32-14Owen T. Wilkenson & Associates, Inc. (Feb. 3, 1988) .............. 19-17

P

Pacific Select Fund, et al. (Dec. 23, 2004) ................................. 10-17Paul Laude, CFP (June 22, 2000) ............................................34A-14Pennsylvania Local Government Investment Trust

(May 2, 1981) ..................................................................... 55-49PerfectData Corp. (Aug. 5, 1996) ................................................ 2-11Peter Adamson III (Apr. 3, 2012) .............................................. 59-22Piette & Assocs., Ltd. (Aug. 18, 1981) ...................................... 19-17PIMS, Inc. (Oct. 21, 1991) ........................................................ 11-18Pretzel & Stouffer (Dec. 1, 1995) .............................................. 57-12PricewaterhouseCoopers Inv. Advisors, LLC

(Aug. 10, 1999) ........................................................11-20, 11-21


T–20

Prime Advisors, Inc. (Nov. 8, 2001) ........................................34A-14Princor Fin. Servs. Corp.

(Jan. 30, 1991) ............................................. 38-20, 38-21, 38-32(Jan. 31, 1991) .............................................................2-41, 41-6

Professional Education and Planning Alliance(Apr. 15, 1989) .................................................................... 38-19

Prudential-Bache Special Situations Fund (Sept. 6, 1984) ......... 51-12Prudential Financial, Inc. (Sept. 5, 2008) ................................34A-14Prudential Ins. Co. of Am.

(June 3, 1977) ....................................................................... 2-63(Mar. 1, 2005) ..........................................................27-15, 32-10

Prudential Securities Inc. (Feb. 7, 2001) ..................................34A-14Putnam Option Income Trust II (Sept. 23, 1985) ..................... 12-12

R

Raymond A. Parkins & Assocs. (July 18, 1974) ........................ 38-18RDP Inv. Ltd. (May 24, 1975) ..................................................... 10-5R.E. Fin.

(May 5, 1989) ..................................................................... 38-18(June 29, 1989) ..................................................................... 2-41

Reavis & McGrath (Oct. 29, 1986) ........ 49C-5, 49E-4, 49E-23, 51-8Regions Financial Corp. (Sept. 24, 2010) ................................34A-13Reuters Info. Servs., Inc. (Jan. 17, 1991) ..................................... 2-48Richard Ellis (Mar. 19, 1981) ..................................................45B-11Richard Ellis, Inc. (Sept. 17, 1981) .......................... 2-62, 2-63, 2-64,

......................................................... 2-65, 2-66, 46A-41, 46A-42,

................................................48-21, 48-68, 51-11, 51-12, 51-13Richard J. Shaker (Aug. 1, 1977) .................................49C-7, 49E-24Richard Silverman (Mar. 27, 1985) ............................................... 6-5RNC Capital Mgmt. Co. (Mar. 8, 1985) ..................................... 10-4Robert D. Brown Investment Counsel (July 19, 1984) ................ 10-5Robert L. Hammond, Jr. (Aug. 30, 1985) .................................. 55-61Robert R. Champion (Sept. 22, 1986) ....................................2-8, 2-9Robert T. Willis, Jr., P.C. (Jan. 18, 1988) ................................... 46-18Rocky Mountain Fin. Planning, Inc. (Mar. 28, 1983) ................. 41-9Roney & Co. (Apr. 3, 1985) ....................................................... 38-18Royal Bank of Canada (June 3, 1998) .......................... 46A-42, 51-7,

..................................................................................51-18, 51-19Runyon Assocs.—Consultant Publ’ns, Inc.

(Nov. 17, 1974) ................................................................... 39-31


T–21(Inv. Adv. Reg., Rel. #7, 6/15)

S

Salomon Bros.(May 4, 1975) ....................................................................... 13-2(Jan. 26, 1994) ....................................................................34A-5

Salomon Bros. Asset Mgmt., Inc. and Salomon Bros.Asset Mgmt. Asia Pacific Ltd.(July 23, 1999) .......................................... 7-15, 7-16, 32-5, 32-6

S&R Mgmt. Co. (May 8, 1975) ................................................... 2-50Sanford C. Bernstein Fund, Inc. (June 25, 1990) ...................... 12-12Santa Barbara Sec. (Apr. 8, 1983) .............................................. 46-54Savoy Capitol Mgmt. (Nov. 15, 1989) ......................................... 2-13SCF Partners, L.P. (Dec. 16, 1991) .............................................. 48-3Scientific Mkt. Analysis (Mar. 24, 1976) ....................................... 7-5Sebastian Assocs., Ltd. (Aug. 7, 1975) ......................................... 2-11Sec. Am. Advisors, Inc. (Apr. 4, 1997) ...................................... 11-14Sec. Indus. Ass’n

(Nov. 27, 1989) ............................................................6-10, 6-11(Feb. 12, 2004) ..................................................................15A-62(Dec. 16, 2005) ........................2-21, 38-22, 38-29, 39-17, 57-11

Securities Industry and Financial Markets Association(SIFMA) (Jan. 11, 2011) .....................................15A-62, 15A-63

Securities Sources, Inc. (May 18, 1989) ...........................38-20, 41-6Seger-Elvekrogen (Oct. 13, 1998) ........................................4-14, 4-28Seligman New Techs. Fund II, Inc. (Feb. 7, 2002) .........10-23, 10-24Shoreline Fund, L.P. (Apr. 11, 1994) ...............................46-56, 46-57Six Pack (Nov. 13, 1989) ........................................................... 47-40SMC Capital, Inc. (Sept. 5, 1995) ....................................19-18, 20-9Standard & Poor ’s Corp. (Nov. 23, 1975) ................................. 39-31Starr & Kuehl, Inc. (Apr. 17, 1976) ......................................6-8, 60-7State St. (Sept. 29, 1972) ............................................................. 13-2Stein Roe & Farnham (June 29, 1990) .......................................... 5-4Stephens, Inc. (Dec. 27, 2001) ......................34A-5, 34A-13, 34A-14Stephenson and Co. (Dec. 29, 1980) ................10-5, 49C-14, 49E-30Steve A. Flamm (Mar. 18, 1993) ................................................. 2-50Strategic Advisers (Dec. 13, 1988) ............................................... 10-5Sunbelt Farm Investment Report (Mar. 18, 1985) ..............4-15, 4-28Sunkist Master Trust, et al. (June 5, 1992) ............................... 46-52Suzanne Clark-James (Aug. 30, 1984) ................................2-14, 2-15Syrus Assocs., Ltd. (Oct. 23, 1981) ............................................. 2-10


T–22

T

Taurus Advisory Grp., Inc. (July 15, 1993) ........................6-14, 7-14TBA Fin. Corp. (Dec. 7, 1983) .................................................. 24-40TCW Group, Inc. (Nov. 7, 2008) ............................. 6-8, 48-51, 60-7The Ayco Co., L.P. (Dec. 14, 1995) .........................................15A-38The I.E.S. Management Group, Inc. (Mar. 4, 1971) ................... 38-4The Knight Group (Nov. 13, 1991) ........................................... 55-15The National Mutual Group (Mar. 8, 1993) ...................51-7, 51-17,

..................................................................................51-20, 51-21The Pan Agora Group Trust (Apr. 29, 1994) ............................. 47-40The Provident Bank (Sept. 24, 1991) ........................................49B-6Thompson Fin., Inc. (July 10, 2002) ...... 2-49, 2-50, 46A-38, 46A-39Thomson Advisory Group L.P.

(Sept. 26, 1995) .................................... 2-62, 2-64, 51-12, 51-18Thraikill & Goodman, P.C. (July 16, 1982) .............................. 55-61Townsend and Assocs., Inc. (Sept. 21, 1994) .................38-19, 38-20Trainer, Wortham & Co., Starbuck, Tisdale & Assoc.

(Dec. 6, 2004) ..............................................................7-3, 10-16Tucker Anthony Inc. (Dec. 21, 2000) ......................................34A-14Tyler Capital Fund, L.P. (Sept. 28, 1987) ................................... 47-40

U

UBS Fin. Servs. Inc.(Sept. 29, 2005) .................................................................... 2-22(May 24, 2007) ................................................................... 43-13

União de Bancos de Brasileiros S.A. (July 28, 1992) ...... 2-65, 45A-6,......................................................................46A-42, 48-68, 51-5

United Missouri Bank of Kansas City (Jan. 23, 1995) ................ 43-9Universal Heritage Investments Corporation (Mar. 13, 1971) ...... 38-4

V

Vocor Int’l Holdings S.A. (Apr. 9, 1990) ...................................... 51-4Volunteer Corp. Credit Union (May 28, 1993) ......................... 11-14


T–23(Inv. Adv. Reg., Rel. #7, 6/15)

W

Wachovia Securities LLC (Apr. 30, 2007) .................................. 43-13Wall St. Preferred Money Managers, Inc. (Apr. 10, 1992) ........... 43-9Walter L. Stephens (Nov. 18, 1985) ............................................. 51-4Weiss, Barton Asset Mgmt. (Mar. 12, 1981) ........2-6, 49C-6, 49E-24WestAmerica Inv. Co. (Nov. 26, 1991) ........................................ 43-9Westfield Consultants Group, Inc. (Dec. 13, 1991) .................... 43-9William Bloor (Feb. 15, 1980) .....................................49C-7, 49E-24William Casey (June 1, 1974) ..................................................... 2-13William J. Hughes (June 4, 1980) ............................................... 2-13William Wood Enterprises, Inc. (1972) ..................................... 55-62Wilmer, Cutler & Pickering (Oct. 5, 1998) ...............49C-34, 49E-17Wolf, Block, Schorr and Solis-Cohen (Dec. 11, 1996) ............... 47-29Woodtrails-Seattle, Ltd. (Aug. 9, 1982) ...................................... 46-19W.R. Huff Asset Mgmt. Co., L.P. (Aug. 10, 1994) ....................... 32-9WR Inv. Partners Diversified Strategies Fund, L.P.

(Apr. 15, 1992) .................................................................... 47-40

Z

Zenkyoren Asset Management of America, Inc.(June 30, 2011) ....................................................................... 2-8

Zurich Ins. Co. (Aug. 31, 1998) .................................................... 9-8


T–24

SECURITIES ACT OF 1933

generally ........ 1-24, 2-47, 2-53,.... 4-7, 6-2, 12-6, 15A-20,........22-11, 27-10, 34A-6,......34B-14, 34B-66, 35-7,........ 35-32, 35-59, 35-92,.............. 42-2, 42-3, 42-4,.......... 42-22, 42-27, 43-6,.......... 43-8, 44-11, 45B-4,.......... 45B-6, 46-9, 47-10,........ 47-26, 47-34, 47-37,.......... 47-44, 47-58, 49-7,........ 49-66, 49B-6, 49E-4,........ 49F-25, 50-4, 51-25,............. 57-4, 58-6, 58-21

§ 2(1) ............................... 47-26§ 2(10) ....................6-17, 42-28§ 2(13) ............................. 46-48§ 2(a)(1) ........................... 46-13§ 2(a)(11) ......................... 46-21,

......................54-35, 54-43§ 3(a)(2) .......................... 46-48,

.................. 49B-6, 49B-10§ 3(a)(2)(C) ......................49B-6§ 3(a)(5)(A) ............46-48, 58-38§ 3(a)(11) ......................... 47-36§ 3(b)(1) ........................... 47-28§ 3(b)(2) ........................... 47-35§ 4(2) ........... 12-11, 27-9, 46-9,

........ 46-16, 46-21, 46-22,

........ 46-27, 46-44, 46-54,

......47-27, 48-39, 49C-30,

.............. 49C-34, 49C-35,

.................49E-17, 49E-18§ 4(6) .......... 27-9, 46-24, 48-39§ 4(a)(2) ...............47-27, 47-28,

......... 47-32, 47-34, 47-38

§ 5 .........................6-17, 42-28,....................47-27, 47-28,.............. 49C-29, 49C-30,................49C-31, 49E-13

§ 5(a) ......47-26, 49C-27, 49E-8§ 5(c) ..................49C-27, 49E-8§ 8A .................48A-13, 48A-14§ 10 ........................6-17, 42-28§ 10(a)(3) ........... 34A-12, 42-22§ 11 ........................34-2, 54-35§ 12 ................................... 34-2§ 12(a)(2) ......................... 35-91§ 14 ..................................... 9-6§ 15 ..................... 23A-5, 24-42§ 17 ........ 46-186, 55-44, 55-67§ 17(a) ....... 19-8, 28-15, 35-78,

........ 38-4, 46-17, 46-185,

...46-187, 48A-14, 48A-21§ 17(a)(1) ....................... 46-187§ 17(a)(2) .................7-8, 35-79,

................ 46-187, 48A-16§ 17(a)(2)–(3) .................48A-16§ 17(a)(3) ............35-79, 46-187§ 18 ........................37-6, 46-27§ 18(a)(1) ......................... 46-29§ 18(b)(1) ......................... 35-86§ 18(b)(2) ......................... 35-86§ 18(b)(4)(D) .................... 46-27§ 18(c)(1) ................37-6, 46-28§ 18(c)(2)(B) ..................... 46-28§ 18(c)(3) ......................... 46-28§ 20 ...............................34B-53§ 27A ...34A-9, 34A-10, 34A-11§ 27A(b) .........................34A-10§ 28 ................................. 46-16


T–25(Inv. Adv. Reg., Rel. #7, 6/15)

Securities Act Releases

4552, Non-Public Offering Exemption (Nov. 6, 1962) .............. 47-275310, Commission’s Decisions on Advisory Committee

Recommendations Regarding Commencement ofEnforcement Proceedings and Termination ofInvestigations (Mar. 1, 1973) ............................................34B-59

6188, Employee Benefit Plans (Feb. 1, 1980) ..........................49B-126863, Offshore Offers and Sales (May 2, 1990) ...... 49C-30, 49C-31,

................................................49C-32, 49C-33, 49C-35, 49E-13,

...................................................49E-14, 49E-15, 49E-16, 49E-187233 (Oct. 6, 1995) ..................................................................... 40-97308, In the Matter of Portfolio Management

Consultants, Inc. (June 27, 1996) ...................................... 43-117856, SEC Interpretation: Use of Electronic Media

(May 4, 2000) ..................................................................... 46-217866, In re William M. Stephens (June 14, 2000) .................... 48-357881, Selective Disclosure and Insider Trading

(Aug. 15, 2000) ........................................................29-6, 34B-658041, SEC Proposed Rule (Dec. 27, 2001) ................................ 46-278185 (Jan. 29, 2003) .................................................................. 24-368284, Order Instituting Proceedings, Brightpoint, Inc.

(Sept. 11, 2003) ................................................................34B-118591, Securities Offering Reform (Aug. 3, 2005) .....................34A-128651, Order Instituting Proceedings, Applix, Inc.

(Jan. 4, 2006) ....................................................................34B-288766, Prohibition of Fraud by Advisers to Certain Pooled

Investment Vehicles; Accredited Investors in CertainPrivate Investment Vehicles (Dec. 27, 2006) ....................46A-32

8814, Revisions of Limited Offering Exemptions inRegulation D (June 29, 2007) ............................... 46-15, 46A-34

8998, Enhanced Disclosure and New Prospectus DeliveryOption for Registered Open-End Management Companies(Jan. 13, 2009) ...................................................................... 42-9

9009, Adjustments to Civil Monetary Penalty Amounts(Mar. 3, 2009) ..................................................................... 29-11

9080, J.P. Morgan Securities Inc. (Nov. 4, 2009) .....................34A-119090, Investools, Inc. (Dec. 10, 2009) ....................................34A-119128, Mutual Fund Distribution Fees, Confirmations

(July 21, 2010) .................................................................... 42-109130, Goldman, Sachs & Co. (July 22, 2010) .........................34A-119167, Am. Pegasus LDG, LLC et al.

(Dec. 21, 2010) ..................................................48A-13, 48A-14,...............................................................48A-15, 48A-17, 48A-22


T–26

9171, Charles Schwab Inv. Mgmt., et al.(Jan. 11, 2011) ....................................................48A-15, 48A-17

9211, Disqualification of Felons and Other “Bad Actors”from Rule 506 Offerings (May 25, 2011) ................46-22, 47-31

9211, Disqualification of Felons and Other “Bad Actors”from Rule 506 Offerings (June 1, 2011) .............................34A-7

9287, Net Worth Standard for Accredited Investors(Dec. 21, 2011) ................................................................... 47-29

9298, GE Funding Capital Mkt. Servs., Inc. (Feb. 1, 2012) ......34A-99302, Laurence Albukerk & EB Fin. Grp., LLC

(Mar. 14, 2012) .....................................48A-19, 48A-20, 48A-219315, GMB Capital Mgmt., LLC, et al.

(Apr. 20, 2012) ........................ 48A-14, 48A-15, 48A-16, 48A-179320, UBS Fin. Servs. Inc. of Puerto Rico (May 1, 2012) .........34A-99326, Quantek Asset Mgmt., LLC, et al.

(May 29, 2012) .....................................48A-15, 48A-16, 48A-179329, Oppenheimerfunds, Inc. & Oppenheimerfunds

Distrib., Inc. (June 6, 2012) ................................48A-15, 48A-169336, In the Matter of Belsen Getty, LLC, Terry M. Deru,

and Andrew W. Limpert (July 11, 2012) ...........................15A-499338, Further Definition of “Swap,” “Security-Based Swap,”

and “Security-Based Swap Agreement”; Mixed Swaps;Security-Based Swap Agreement Recordkeeping(July 18, 2012) ............................................... 58-9, 58-10, 58-12

9380, J.P. Morgan Secs. LLC et al. (Jan. 9, 2013) ......................34A-99390, Oppenheimer Asset Mgmt. Inc. & Oppenheimer

Alternative Inv. Mgmt., LLC (Mar. 11, 2013) ......48A-18, 48A-199396, In re John Thomas Capital Management Group LLC,

d/b/a Patriot28 LLC (Mar. 22, 2013) ...................48A-17, 48A-189414, Disqualification of Felons and Other “Bad Actors”

from Rule 506 Offerings (July 10, 2013) ..... 35-13, 35-82, 47-319415, Eliminating the Prohibition Against General Solicitation

and General Advertising in Rule 506 and Rule 144AOfferings (July 10, 2013) .........................................47-30, 47-31

9416 (proposed July 10, 2013) .................................................. 47-29


T–27(Inv. Adv. Reg., Rel. #7, 6/15)

SECURITIES EXCHANGE ACT OF 1934

generally ........ 2-28, 9-6, 11-29,............ 12-6, 14-10, 18-2,.......... 19-13, 22-11, 24-5,.......... 27-4, 27-10, 27-16,.......... 32-15, 34-3, 34-14,... 34A-8, 34B-38, 34B-39,......34B-64, 34B-66, 35-7,........ 35-32, 35-59, 39-18,........ 40-23, 42-13, 42-23,........ 45-5, 46-113, 47-32,........ 47-66, 49-27, 49-28,........ 49-29, 49-42, 49-62,..... 49B-7, 49C-5, 49E-23,.......... 51-13, 52-3, 56-13,........... 57-15, 58-6, 61-13

§ 3 .......49C-24, 49C-25, 49E-6§ 3(a)(4) .... 46-113, 59-2, 54-76§ 3(a)(5) ................46-113, 59-2§ 3(a)(6) ........................... 56-14§ 3(a)(9) ........................... 55-49§ 3(a)(10) ...........49C-25, 49E-7§ 3(a)(11) ...................... 46-115,

.................... 46A-17, 56-3§ 3(a)(12) .............2-47, 46-115,

......... 49B-7, 55-60, 55-64§ 3(a)(18) ........................... 2-41§ 3(a)(19) ......................... 56-14§ 3(a)(23) ......................... 49-27§ 3(a)(35) ...............17-5, 55-81,

.....................56-22, 56-25§ 3(a)(37) ............. 33-2, 46A-73§ 3(a)(39) .......................34A-18§ 3(a)(42) ......................... 55-64§ 3(a)(55)(A) ....................... 58-8§ 3(a)(55)(B) ....................... 58-9§ 3(a)(62) ......................... 19-15§ 3(a)(68) ......................... 54-29§ 3(a)(69) ......................... 54-28§ 3(d) ................................. 55-4§ 9 ..................................... 55-3§ 9(i) .............................. 46-185§ 9(j) .............................. 46-186§ 10 ........................55-3, 55-67

§ 10(b) .....15A-30, 19-8, 28-15,......31A-34, 34-14, 34-15,........ 34B-63, 35-79, 38-4,..... 46-17, 46-184, 46-185,................. 46-186, 46-187,..... 48-44, 48A-14, 48A-21,................48A-22, 49C-37,.................... 49E-20, 55-67

§ 10A ................. 31-12, 46A-66§ 11(a) ......................18-2, 18-3§ 11(a)(1) ......................... 40-11§ 12 .............................. 46-131,

......... 46-139, 56-3, 56-17§ 12(g) ....... 46-29, 46-30, 47-44§ 12(g)(2)(G) ...................... 56-3§ 12(g)(5) ........................... 56-4§ 13 ........... 27-9, 46-13, 46-17,

................. 46-84, 46A-18,

.............. 49C-48, 49C-49,

........... 56-18, 57-3, 61-14§ 13(d) .............46-130, 46-131,

......46-133, 49C-49, 56-2,

..... 56-3, 56-5, 56-7, 56-8,

.......... 56-9, 56-10, 56-11,

........ 56-12, 56-14, 56-15,

.....................56-17, 56-22§ 13(d)(1) .......................34A-25§ 13(d)(6) ......................... 56-17§ 13(f) ............. 46-133, 49C-49,

........49C-50, 56-2, 56-20,

....................56-21, 56-22,

.....................56-23, 56-25§ 13(f)(1) ....................... 49C-50§ 13(g) ..............46-130, 46-131,

...56-2, 56-9, 56-12, 56-17§ 13(h) .............46-133, 46-134,

.......................56-2, 56-23§ 13B ............................... 47-68§ 15 .....................46-45, 54-35,

......................55-3, 55-27,

.....................55-33, 56-14§ 15(a) ........... 49C-24, 49C-27,

.....................49E-6, 49E-8


T–28

§ 15(a)(1) ...................... 46-113,..................49C-24, 49E-6

§ 15(b) ................ 15-10, 23A-4,...................... 34-4, 34A-8

§ 15(b)(1) ......................... 11-11§ 15(b)(4) ......................34A-12,

.................. 34A-18, 54-68§ 15(b)(4)(B) ....... 34A-10, 54-68§ 15(b)(4)(C) .................... 54-68§ 15(b)(4)(E) ..........24-37, 35-56§ 15(b)(6) ......................... 24-37§ 15(b)(6)(A)(i) ................. 31-23§ 15(b)(11) ....................... 14-10§ 15(c)(1) .................19-8, 38-4,

................49C-37, 49E-20§ 15(d) ...................27-9, 46-13,

.......46-17, 46-84, 46A-18§ 15(f) ....................27-16, 29-8,

........... 29-9, 29-10, 29-18§ 15(k) ........................2-31, 8-9§ 15(o) ............................. 35-92§ 15A(1) ...........................34A-8§ 15B ........... 52-14, 54-3, 54-4,

.............. 54-7, 54-8, 54-9,

........ 54-16, 54-28, 54-29,

........ 54-35, 54-39, 54-43,

........ 54-57, 54-60, 54-67,

......... 55-33, 55-35, 55-61§ 15B(a)(1) ...............54-3, 54-8,

......... 54-35, 54-66, 54-69§ 15B(b)(2) ..............54-9, 54-72§ 15B(b)(2)(C) .................. 54-28§ 15B(c) ........................... 54-68§ 15B(c)(1) .............54-8, 54-10,

....................54-65, 54-69,

......... 54-70, 54-71, 54-72§ 15B(e) ............................. 55-4§ 15B(e)(2) ....................... 54-30§ 15B(e)(3) ....................... 54-31§ 15B(e)(4) .............54-7, 54-24,

........ 54-29, 54-35, 54-52,

........ 54-55, 54-56, 54-57,

........ 54-59, 54-60, 54-61,

........... 55-5, 55-10, 55-12§ 15B(e)(4)(A) ..................... 2-70

§ 15B(e)(4)(A)(ii) .............. 54-73§ 15B(e)(4)(i) .................... 54-72§ 15B(e)(4)(ii) ................... 54-72§ 15B(e)(5) ....................... 54-28§ 15B(e)(8) ... 54-22, 54-23, 55-4§ 15B(e)(9) ...................... 54-24,

.....................54-33, 54-34§ 15B(e)(10) ..........54-23, 54-24§ 15F(b) ......................... 46-172§ 15F(h)(2)(C) ................ 46-166§ 16 .....................27-8, 46-139,

.....49C-48, 49C-51, 56-3,

.......... 56-7, 56-11, 56-16,

.......................56-18, 57-3§ 16(a) ........................... 46-139§ 16(b) ........................... 46-139§ 16(c) ............................ 46-139§ 17(a) ...........................34B-17§ 17A(c)(3) .....................34A-18§ 20 ................................. 24-43§ 20(a) .................24-42, 29-10,

.... 31A-34, 31A-43, 35-69§ 20(e) ..............................23A-5§ 20A ....................29-10, 48-44§ 21 ................................. 35-70§ 21(a) ..... 24-23, 31-24, 33-24,

..................34-10, 34B-13,

................ 34B-18, 34B-60§ 21(a)(2) ......................... 35-71§ 21(c) ............................34B-31§ 21A ............ 29-2, 29-9, 29-11§ 21A(a)(3) ....................... 29-11§ 21A(b)(1)(A) .......29-10, 29-11§ 21A(b)(1)(B) .......29-10, 29-11§ 21C ...............48A-13, 48A-14§ 21E ...34A-9, 34A-10, 34A-11§ 21F ............. 31-3, 31-4, 31-5,

.... 31-21, 46A-62, 46A-63§ 24(c) .............................. 33-28§ 28(e) ..... 1-10, 4-8, 17-4, 17-5,

..... 17-6, 17-7, 17-8, 17-9,

........ 17-10, 17-11, 17-12,

........ 17-13, 17-15, 17-17,

........ 17-19, 20-13, 20-17,

........ 20-18, 20-19, 20-20,


T–29(Inv. Adv. Reg., Rel. #7, 6/15)

........ 20-21, 20-22, 20-25,

........ 20-26, 21-11, 40-10,

...... 44-5, 46-122, 46-123,

... 46-124, 46-125, 46-126,

... 46-127, 46-128, 46-129,

....... 46-130, 49-73, 55-79,

.....................55-80, 55-81,

........................57-9, 57-10

§ 28(e)(3) ............46-125, 55-80§ 28(e)(3)(A) ...................... 17-6,

...................20-19, 46-126§ 28(e)(3)(B) ...................... 17-6,

...................20-19, 46-126§ 28(e)(3)(C) ............17-8, 20-19§ 30A ............................... 47-68

Securities Exchange Act Releases

3211, In the Matter of Wunderlich Secs., Inc.(May 27, 2011) ...................................................................34B-8

4048, In the Matter of Arleen W. Hughes(Feb. 18, 1948) ............................... 8-5, 15A-45, 49C-9, 49C-10,.........................................................49E-26, 49E-27, 55-68, 57-8

5738, In the Matter of Nev-Tah Oil andMining Co. (July 22, 1958) ................................................ 56-19

8426, Kidder, Peabody & Co. (Oct. 16, 1968) ............................. 16-28662, Richard N. Cea et al. (Aug. 6, 1969) ................................. 38-59082, In re Haight & Co., Inc. (Feb. 19, 1971) ..................38-4, 41-79478, In re Winfield & Co., Inc., et al. (Feb. 9, 1972) .............. 48-3411,203 (Jan. 23, 1975) ................................................................. 2-2412,251 (Mar. 24, 1976) ............................................................. 55-8014,692 (Apr. 21, 1978) ................................................................ 56-414,852 (June 15, 1978) .............................................................. 56-2215,292 (Nov. 2, 1978) ............................................................... 56-2216,278, Interpretative Release Relating to Record Keeping and

Record Production Obligations of National SecuritiesExchanges and Registered Securities Associations(Oct. 12, 1979) ..................................................................... 33-3

16,679, Report of Investigation In the Matter of InvestorsInformation, Inc. (Mar. 19, 1980) ...................................... 17-20

20,017 (1989) ............................................................................ 55-6123,170, Interpretive Release Concerning Scope of Section 28(e)

of the Securities Exchange Act of 1934 and Related Matters(Apr. 23, 1986) ............................16-2, 16-3, 17-9, 17-11, 17-16,...............................................17-17, 20-13, 20-18, 20-19, 20-25,........................................................ 40-10, 44-5, 46-122, 46-125,..................................................55-79, 55-80, 55-81, 55-82, 57-9

23,640, In re Shearson Lehman Brothers, Inc., Stein Roe &Farnham (Sept. 24, 1986) .............................. 34-5, 48-34, 57-12

25,801, Exemption of Certain Foreign Brokers orDealers (June 14, 1988) ........................................49C-25, 49E-7


T–30

27,017, Registration Requirements for ForeignBroker-Dealers (July 11, 1989) .................. 49C-25, 49E-6, 49E-7

29,018, In re Arthur James Huff (Mar. 28, 1991) ....................... 34-731,533 (Nov. 30, 1992) ............................................................. 33-2831,553 (Dec. 3, 1992) .................................................................. 23-631,554, In re John H. Gutfreund (Dec. 3, 1992) .............24-26, 34-6,

......................................................................................34-8, 34-932,757, In re Butcher Venture Mgmt. Co. (Aug. 17, 1993) ....... 56-1233,007 (Oct. 4, 1993) ................................................................ 33-2833,743 (Mar. 9, 1994) ............................................................... 17-2034,756, In re Joan Conan (Sept. 30, 1994) ............................... 27-2234,962 (Nov. 10, 1994) ............................................................. 17-2035,057, In re Gabelli & Co. and GAMCO Investors, Inc.

(Dec. 8, 1994) ............................................................27-17, 29-935,082, Report of Investigation In the Matter of the Cooper

Companies, Inc. As It Relates to the Conduct ofCooper ’s Board of Directors (Dec. 12, 1996) ..................... 24-45

35,375 (Feb. 14, 1995) ......................................... 4-14, 17-13, 17-1736,518, In re John J. Kaweske (Nov. 27, 1995) ......................... 27-2237,376, In the Matter of Portfolio Management

Consultants, Inc. (June 27, 1996) ...................................... 43-1137,940, Fox-Pitt, Kelton, Inc. (Nov. 12, 1996) .......................... 27-1738,245, Reporting Requirements for Brokers or Dealers

under the Securities Exchange Act of 1934(Feb. 5, 1997) ....................................................................34B-39

38,596, In re Russell W. Stein, Ford D. Albritton, Jr.,and Dover & Assocs., Inc. (May 9, 1977) .............................. 5-2

39,157, Report of Investigation In the Matter ofW.R. Grace, Inc. (Sept. 30, 1997) ....................................... 24-45

39,538 (Jan. 12, 1998) ........................................................56-5, 56-641,036, In re Republic New York Securities Corporation

and James Edward Sweeney (Feb. 10, 1999) ....................... 17-2042,728 (Apr. 28, 2000) ................................................................ 40-942,728, SEC Interpretation: Use of Electronic Media

(May 4, 2000) ..................................................................... 46-2142,941, In re William M. Stephens (June 14, 2000) ................. 48-3542,968, In the Matter of Waste Mgmt., Inc.

(June 12, 2000) .................................................................34B-1842,974 (June 29, 2000, effective as of Nov. 13, 2000) .............. 47-6142,974, Privacy of Consumer Financial Information

(Regulation S-P) (June 29, 2000) .......... 46A-99, 49C-39, 49E-2243,154, Selective Disclosure and Insider Trading

(Aug. 15, 2000) ..................................................................... 29-643,183, In the Matter of Boston Scientific Corp.

(Aug. 21, 2000) .................................................................34B-18


T–31(Inv. Adv. Reg., Rel. #7, 6/15)

44,283, In the Matter of Guy P. Wyser-Pratte, Wyser-Pratte Mgmt.Co., Inc. and Wyser-Pratte and Co., Inc. (May 9, 2001) ...... 29-13

44,969, Report of Investigation Pursuant to Section 21(a)of the Securities Exchange Act of 1934 and CommissionStatement on the Relationship of Cooperation to AgencyEnforcement Decisions (Oct. 23, 2001) ......24-23, 24-25, 31-24,......................................................33-24, 34-10, 34B-18, 34B-19,.................................................. 34B-20, 34B-21, 34B-27, 34B-60

45,194, Commission Guidance on the Scope ofSection 28(e) of the Exchange Act (Dec. 27, 2001) ............ 17-12

46,937, In the Matter of Deutsche Bank Secs., Inc.(Dec. 3, 2002) ..................................................... 34B-35, 34B-36

47,752, Financial Crimes Enforcement Network andSecurities and Exchange Commission, CustomerIdentification Programs for Broker-Dealers(Apr. 29, 2003) ..................................................................15A-61

49,386, In the Matter of Banc of Am. Secs. LLC(Mar. 10, 2004) ................................................................. 34B-17

49,537 (Apr. 7, 2004) .................................................................. 25-250,138, In the Matter of Fid. Brokerage Servs. LLC

(Aug. 3, 2004) ................................................................... 34B-3550,781, Disposal of Consumer Report Information

(Dec. 2, 2004) ......................................46-99, 46A-102, 46A-103(Dec. 8, 2004) ..................................................................... 15-17

51,523, Certain Broker Dealers Deemed Not to BeInvestment Advisers (Apr. 15, 2005) .................................... 43-3

51,761, In the Matter of Smith Barney FundManagement LLC (May 31, 2005) ...................................15A-42

52,635(Oct. 2005) ......................................................................... 20-17(July 18, 2006) .................................................................... 21-11

53,029, In re Schultz Investment Advisers, Inc.(Dec. 28, 2005) ..................................................................... 56-6

53,201, In re Schield Management Co. (Jan. 31, 2006) ............ 33-2053,473, In the Matter of Merrill Lynch, Pierce, Fenner &

Smith, Inc. (Mar. 13, 2006) .............................................. 34B-1754,047, In the Matter of Morgan Stanley & Co. Inc. and

Morgan Stanley DW, Inc. (June 27, 2006) ............................ 29-954,118, National Association of Securities Dealers, Inc.;

Regulation of Compensation, Fees, and Expenses in PublicOfferings of Real Estate Investments Trusts and DirectParticipation Programs (July 10, 2006) ................. 49C-26, 49E-9

54,165, Commission Guidance Regarding Client CommissionPractices Under Section 28(e) of the Securities ExchangeAct of 1934 (July 18, 2006) ..........17-6, 17-7, 17-8, 17-9, 17-10,...................................... 20-17, 20-19, 20-21, 20-22, 20-27, 57-9


T–32

54,165, Commission Guidance Regarding Client CommissionPractices Under Section 28(e) of the Securities ExchangeAct of 1934 (July 24, 2006) ................... 46-121, 46-123, 46-126

54,861, In the Matter of Jefferies & Co., Inc. andScott Jones (Dec. 1, 2006) .................................................. 28-14

55,466, In the Matter of Banc of America Sec. LLC(Mar. 14, 2007) ................................................................... 29-14

56,145 (July 26, 2007) .................................................49C-24, 49E-456,316, In the Matter of Next Financial Group, Inc.

(Aug. 24, 2007) ...................................................15A-29, 15A-3057,427, Privacy of Consumer Financial Information and

Safeguarding Personal Information(Mar. 4, 2008) .................................... 15-4, 15-17, 15-18, 15-19,................................15-22, 15-23, 15-24, 15-25, 46-99, 46A-103

57,680, Order Instituting Administrative ProceedingsPursuant to Section 15(b) of the Securities ExchangeAct of 1934, Making Findings, and Imposing RemedialSanctions (Apr. 17, 2008) ................................................... 15-10

57,755, In the Matter of A. Carlos Martinez(May 1, 2008) .............................................. 29-18, 29-21, 29-22

58,192, That Initial Decision Has Become Final(July 18, 2008) ...................................................................... 15-6

58,451, In re Tracinda Corp. (Sept. 3, 2008) ............................ 56-1258,515, Order Instituting Administrative and

Cease-and-Desist Proceedings (Sept. 11, 2008) .................. 15-1158,597 (Sept. 19, 2008) ............................................................. 56-1459,449, Adjustments to Civil Monetary Penalty Amounts

(Mar. 3, 2009) ..................................................................... 29-1159,740, In the Matter of Woodbury Financial Services

(Apr. 9, 2009) ........................................................................ 15-659,916 (May 13, 2009) ............................................................34B-6360,351, In the Matter of Perry Corp.

(July 21, 2009) ........................................... 46-133, 56-14, 56-1960,976, In the Matter of Merriman Curham Ford &

Co. et al. (Nov. 10, 2009) .................................................15A-2961,908, Large Trader Reporting System (Apr. 14, 2010) .......... 46-13462,544, Mutual Fund Distribution Fees, Confirmations

(July 21, 2010) .................................................................... 42-1062,577 (July 27, 2010) ................................................................. 2-3363,010 (Sept. 29, 2010) ..............................................46-119, 46-12063,237, SEC Proposed Rules for Implementing the

Whistleblower Provisions of Section 21F of SecuritiesExchange Act of 1934 (Nov. 3, 2010) ................................... 31-4

63,576, Registration of Municipal Advisors(Dec. 20, 2010) ................................................ 2-71, 54-6, 54-74


T–33(Inv. Adv. Reg., Rel. #7, 6/15)

63,576, Registration of Municipal Advisors(Dec. 21, 2010) ..........................................................55-5, 55-10

63,784 ....................................................................................... 40-2264,123, In the Matter of Ball Corp. (Mar. 24, 2011) ...............31A-3464,220, In the Matter of Ellis (Apr. 7, 2011) ...........................15A-3064,221, In the Matter of Kraus (Apr. 7, 2011) ..........15A-29, 15A-3064,222, In the Matter of Levine (Apr. 7, 2011) .........15A-29, 15A-3064,380, In the Matter of Rockwell Automation, Inc.

(May 3, 2011) ...................................................................31A-3364,442, In the Matter of Aletheia Research and

Mgmt., Inc. (May 9, 2011) .................................................34B-864,545, SEC Rules Implementing the Whistleblower

Provisions of Section 21F of Securities Exchange Actof 1934 (May 25, 2011) ................31-5, 31-7, 31-8, 31-9, 31-10,.......................................................... 31-11, 31-13, 31-18, 31-19,........................................................... 31-20, 31-21, 31-22, 31-29

64,545, Implementation of the Whistleblower Provisions ofSection 21F of the Securities Exchange Act of 1934(June 13, 2011) .....................................46A-62, 46A-63, 46A-69

64,976, Large Trader Reporting Rule(July 27, 2011) ....................49C-50, 56-24, 56-26, 56-27, 56-30

64,978, In re Diageo, plc (July 27, 2011) ................................ 49E-4265,643, In the Matter of Fin. Indus. Regulatory

Auth., Inc. (Oct. 27, 2011) (Order) ...................................34B-3566,206, AXA Advisors, LLC (Jan. 20, 2012) (Order) ...............34B-2667,453, Further Definition of “Swap,” “Security-Based Swap,”

and “Security-Based Swap Agreement”; Mixed Swaps;Security-Based Swap Agreement Recordkeeping(July 18, 2012) ............................................... 58-9, 58-10, 58-12

67,934, In the Matter of Goldman, Sachs & Co.(Sept. 27, 2012) ................................................................15A-15

68,307, KCAP Financial, Inc., et al. (Nov. 28, 2012) ........61-6, 61-7,........................................................................ 61-8, 61-13, 61-14

68,456, In the Matter of Biremis Corp. (Dec. 18, 2012) .........34B-4069,279, Report of Investigation Pursuant to § 21(a)

of the Exchange Act: Netflix, Inc., andReed Hastings (Apr. 2, 2013) .............................. 34B-13, 34B-65

69,627, In the Matter of Morrison (May 23, 2013) ................15A-1670,462 (Sept. 20, 2013) ...........................................................15A-1270,742, In the Matter of Gisclair (Oct. 23, 2013) ...................15A-2971,050, GLG Partners, Inc. (Dec. 12, 2013) ............................. 61-18

T–34


INVESTMENT COMPANY ACT OF 1940

generally .......1-3, 1-4, 1-5, 1-30,....... 6-2, 6-17, 10-3, 10-10,....... 11-8, 12-2, 12-6, 13-2,... 18-2, 20-12, 22-11, 24-2,.............. 27-10, 32-2, 35-9,.......... 35-27, 35-32, 35-59,..... 40-6, 42-4, 42-7, 42-11,.......... 42-12, 42-13, 42-14,.......... 42-15, 42-16, 42-19,.......... 42-21, 42-26, 42-29,..... 43-6, 43-16, 44-6, 45-3,..... 45B-6, 45A-14, 45B-19,..... 46-9, 46-105, 46A-124,............ 49-7, 49-51, 49-53,.........49B-2, 49D-4, 49E-4,.............. 50-4, 56-3, 56-29,......... 56A-5, 56A-11, 57-4,................. 57-5, 58-6, 61-5

§ 1–65 ................................ 1-31§ 1(b) ............................... 12-12§ 2(a)(3) ........................... 42-23§ 2(a)(4) ................. 9-8, 15A-37§ 2(a)(8) ............................. 59-9§ 2(a)(9) .............. 15A-37, 27-9,

.......................47-69, 59-9§ 2(a)(19) ......................... 42-23§ 2(a)(20) ........ 2-4, 27-9, 55-50§ 2(a)(38) ......................... 48-28§ 2(a)(41) ......................... 55-39§ 2(a)(41)(B)(ii) ................... 61-2§ 2(a)(48) ........................ 46-48,

...................46-116, 61-13§ 2(a)(51) ............47-43, 49E-12§ 2(a)(51)(A) .........10-12, 10-21,

....46-46, 46-96, 46A-110,

................. 48-13, 49C-14,

....... 49E-30, 55-70, 58-37§ 2(a)(51)(A)(i) ................. 47-42§ 2(a)(51)(A)(ii) ................ 47-42§ 2(a)(51)(A)(iii) ............... 47-42§ 2(a)(51)(A)(iv) ................ 47-42§ 2(a)(51)(C) .................... 47-43

§ 2(b) ....... 55-45, 55-46, 55-48,......... 55-49, 55-50, 55-52

§ 2a(48)(A) .......................34A-8§ 2a(48)(B) .......................34A-8§ 3 ............. 1-24, 2-51, 15A-23,

....... 45B-3, 46-81, 46-144,

...46A-13, 46A-14, 46A-77§ 3(a) ....... 10-13, 46-12, 46-13,

........48A-11, 52-6, 52-16,

......... 55-30, 55-31, 57-13§ 3(a)(1) ............... 15A-8, 46-51§ 3(a)(1)(A) ....................... 47-37§ 3(a)(1)(A)–(C) .................. 59-3§ 3(c) ................... 15A-8, 35-14,

.....................46-24, 46-51§ 3(c)(1) ......... 2-49, 2-51, 2-53,

.......... 2-58, 10-13, 10-23,

... 15A-20, 15A-39, 35-13,

........35-14, 45B-2, 45B-3,

....45B-5, 45B-12, 45B-13,

........ 46-12, 46-15, 46-16,

........ 46-51, 46-52, 46-54,

........ 46-81, 46-90, 46-94,

....46-97, 46-162, 46A-13,

...............46A-14, 46A-20,

...............46A-33, 46A-37,

...............46A-77, 46A-99,

....46A-111, 47-31, 47-38,

........ 47-39, 47-40, 47-42,

........ 47-43, 47-44, 47-48,

........ 47-49, 47-58, 48-14,

........ 48-15, 48-20, 48-25,

........ 48-27, 48-28, 48-37,

.............. 48A-11, 49C-36,

........ 49E-19, 52-6, 52-16,

... 55-5, 55-6, 55-7, 55-30,

....................55-31, 57-13,

.......................57-14, 59-5§ 3(c)(1)–(9) ...................... 46-13§ 3(c)(1)(A) ............46-52, 47-39§ 3(c)(2) .........................49B-10§ 3(c)(5) .........................45B-13

T–35(Inv. Adv. Reg., Rel. #7, 6/15)


§ 3(c)(5)(C) ......... 45B-3, 45B-12§ 3(c)(7) ......... 2-49, 2-51, 2-53,

............ 2-58, 10-7, 10-15,

......10-23, 10-24, 15A-39,

........45B-2, 45B-3, 45B-5,

....45B-12, 45B-13, 46-15,

........ 46-16, 46-51, 46-52,

........ 46-54, 46-55, 46-56,

........ 46-81, 46-90, 46-94,

....46-97, 46-162, 46A-13,

...............46A-14, 46A-20,

...............46A-33, 46A-77,

.............46A-99, 46A-111,

........ 47-31, 47-38, 47-39,

........ 47-42, 47-43, 47-44,

........ 47-45, 47-48, 47-49,

........ 47-57, 48-12, 48-14,

........ 48-20, 48-25, 48-27,

........ 48-28, 48-37, 48-59,

....48-60, 48A-11, 49C-36,

... 49E-12, 49E-13, 49E-19,

.... 52-6, 52-16, 55-5, 55-6,

........... 55-7, 55-30, 55-31,

............ 57-13, 57-14, 59-5§ 3(c)(7)(B) ....................... 46-55§ 3(c)(7)(E) ....................... 47-43§ 3(c)(10)(B) ....................... 36-3§ 3(c)(11) ...............2-63, 10-18,

......10-24, 49B-6, 49B-11,

......49B-12, 49B-15, 52-6,

......... 52-16, 55-31, 57-14§ 3(c)(14) ......................... 56-14§ 3(e)(1)(A) ....................... 47-39§ 4 ..................................... 1-25§ 5(a) ................................. 1-25§ 5(a)(1) ............................. 11-7§ 5(b)(1) ................12-11, 42-25§ 6(a) ............................... 46-41§ 7(d) ........................... 49C-35,

................49C-36, 49E-19§ 8 ............ 42-22, 48-20, 56-14§ 8(b) ............................... 42-22§ 9(a) ...........34-2, 34A-4, 34A-5,

... 34A-18, 49C-37, 49E-20

§ 9(b) ............................34A-16,................48A-13, 48A-14

§ 9(c) ................................34A-5§ 10 ................................. 47-37§ 10(f) ......... 1-27, 40-11, 42-24§ 12 ................................. 42-25§ 12(d)(1) .................12-7, 12-8,

.......................42-5, 42-25§ 12(d)(1)(A) ...................... 12-7§ 12(d)(1)(B) ....................... 12-8§ 12(d)(1)(C) ...................... 12-8§ 12(d)(1)(E) ....................... 12-8§ 12(d)(1)(F) ............12-8, 42-20§ 12(d)(1)(G) ...................... 12-8§ 12(d)(1)(J) ........................ 12-8§ 12(d)(3) ................12-9, 42-25§ 12(g)(4) ..............56-12, 56-20§ 13 .......... 47-37, 56-12, 56-20§ 15 .........................1-26, 10-3,

......... 42-23, 42-24, 47-37§ 15(a) .........................9-2, 9-3,

...............9-7, 9-8, 15A-36§ 15(c) ....................17-13, 42-5,

.................. 46-67, 46A-47§ 15(f) .............................. 42-23§ 15c .....................35-40, 35-50§ 15(A) ............................. 55-36§ 17 ................................. 47-37§ 17(a) ...................1-27, 19-10,

......... 20-11, 40-11, 42-24§ 17(d) ...................1-27, 19-17,

.....................19-18, 42-24§ 17(e) ....................1-27, 17-17,

.....................40-11, 42-24§ 17(e)(1) ........................ 17-17,

...................28-14, 46-130§ 17(e)(2) .... 18-3, 19-11, 42-24§ 17(f) ................ 11-29, 15A-53§ 17(g) ................................ 11-3§ 17(j) .............................. 27-18§ 18 .....................12-11, 12-12,

.....................42-26, 47-37§ 18(f) ...................12-11, 42-26

T–36


§ 18(g) .............................. 42-26§ 19 ................................. 47-37§ 22 ................................. 55-38§ 22(b) ....................42-5, 42-27§ 22(c) .............................. 55-39§ 22(e) ...................12-10, 42-26§ 30 ........................1-31, 47-37§ 34(b) ................... 7-8, 48A-16§ 36 ........................10-3, 47-37

§ 36(b) .......... 34-2, 42-5, 42-24§ 42(b) ............................. 42-30§ 42(d) ............................. 42-30§ 47 ..............................9-1, 9-5§ 48(a) ...... 24-42, 46-57, 47-40§ 49 ................................. 42-30§ 54 .........................3-6, 35-10,

.........46-60, 46A-5, 48-20

Investment Company Act Releases

2332, Disposal of Consumer Report Information(Dec. 8, 2004) ..................................................................... 15-17

2576 (Jan. 4, 2007) .................................................................... 48-374595, Investors Mutual, Inc. (May 11, 1966) ........................... 47-695847, Statement Regarding “Restricted Securities”

(Oct. 21, 1969) ..........................................................12-10, 61-46082, Guidelines Concerning the Applicability of the

Federal Securities Laws to the Offer and Sale Outsidethe United States of Shares of Registered Open-EndInvestment Companies (June 23, 1970) .......................... 49C-30

7113 (Apr. 6, 1972) ............................................ 10-14, 10-19, 10-207565 (Dec. 18, 1972) ................................................................... 2-6210,666 (Apr. 18, 1979) .............................................................. 12-1213,666 (Dec. 19, 1983) ................................................................ 2-1314,983 (Mar. 12, 1986) ..................................................12-11, 42-2517,096 (Aug. 3, 1989) .................................................................. 12-917,357 (Feb. 26, 1990) ................................................................ 12-719,804, In re Kemper Financial Services, Inc.

(Oct. 20, 1993) ................................................................... 19-1821,113, In re Kemper Financial Services, Inc.

(June 6, 1995) ..................................................................... 27-2221,114, In re Thomas H. Richards (June 6, 1995) .................... 19-1821,221 (July 21, 1995) ............................................................... 17-1721,259 (July 27, 1995) ............................................................... 11-2921,260, Status of Investment Advisory Programs Under

the Investment Company Act of 1940(July 27, 1995) ................................................... 2-11, 41-7, 43-8

21,341 (Sept. 8, 1995) ................................................................. 32-921,541, In re John J. Kaweske (Nov. 27, 1995) ......................... 27-2222,389 (Dec. 11, 1996) .............................................................. 11-2922,405, Private Investment Companies (Dec. 18, 1996) .......... 47-42

T–37(Inv. Adv. Reg., Rel. #7, 6/15)


22,579, Status of Investment Advisory Programs Underthe Investment Company Act of 1940(Mar. 24, 1997) ....................................................... 43-9, 49C-22

22,597 (Apr. 3, 1997) ......................................... 46-52, 46-54, 46-5722,658 (May 12, 1997) .............................................................. 11-2923,958 (Aug. 20, 1999) .............................................................. 27-1924,067, Schwab Capital Trust (Oct. 1, 1999) .............................. 12-924,113, Schwab Capital Trust (Oct. 27, 1999) ............................ 12-924,326 (Mar. 2, 2000) ................................................................. 14-224,424 (Apr. 27, 2000) .............................................................. 11-2924,426, SEC Interpretation: Use of Electronic Media

(May 4, 2000) ..................................................................... 46-2124,543, Privacy of Consumer Financial Information

(Regulation S-P) (June 22, 2000) .................................14-2, 14-824,543, Privacy of Consumer Financial Information

(Regulation S-P) (June 29, 2000) .......... 46A-99, 49C-39, 49E-2224,828, Investment Company Names (Aug. 18, 2001) ............. 42-2624,890, Electronic Recordkeeping by Investment Companies

and Investment Advisers (Mar. 13, 2001) .......................... 32-1425,739 (Sept. 20, 2002) ............................................................... 13-725,798, In the Matter of Gintel Asset Mgmt., Inc., Gintel &

Co. LLC, Robert M. Gintel and Stephen G. Stavrides(Nov. 8, 2002) ..................................................................... 29-21

25,922 (Sept. 20, 2002) .......................................... 13-7, 13-8, 13-1025,922 (Jan. 31, 2003) ................................................................. 13-326,299, Final Rule: Compliance Programs of Investment

Companies and Investment Advisers(Dec. 17, 2003) .........................22-8, 22-13, 22-15, 22-16, 23-2,.....................................................23-3, 23-4, 23-6, 23-12, 23-13,.......................................................... 23-14, 23A-2, 23A-3, 33-21

26,299, SEC Final Rule (Feb. 5, 2004) ...........................46-73, 46-7526,312, In re Alliance Capital Mgmt., LP

(Dec. 8, 2003) ..................................................................... 29-1026,492 .......................................................................................48A-726,685, Disposal of Consumer Report Information

(Dec. 2, 2004) ..................................................... 46-99, 46A-10327,588, In the Matter of Kevin W. Quinn

(Dec. 1, 2006) ..................................................................... 28-1428,178, Privacy of Consumer Financial Information and

Safeguarding Personal Information(Mar. 4, 2008) ............................................14-9, 46-99, 46A-103

28,345, Commission Guidance Regarding the Duties andResponsibilities of Investment Company Boards ofDirectors with Respect to Investment Adviser PortfolioTrading Practices (July 30, 2008) ........ 17-2, 17-14, 17-15, 17-18

T–38


28,842, Regulation S-AM: Limitations on AffiliateMarketing (Aug. 4, 2009) .............................. 14-10, 14-11, 42-6

29,367, Mutual Fund Distribution Fees, Confirmations(July 21, 2010) .................................................................... 42-10

29,776, Use of Derivatives by Investment Companiesunder the Investment Company Act of 1940(Aug. 31, 2011) ................................................................... 42-10

INVESTMENT ADVISERS ACT OF 1940

generally ..... 1-3, 1-4, 1-5, 1-13,..... 1-19, 1-20, 1-28, 1-30,......... 2-23, 5-7, 6-2, 6-17,........... 7-2, 7-3, 7-17, 9-6,... 10-2, 10-5, 10-26, 11-3,........ 11-15, 11-18, 11-27,............12-2, 13-2, 15A-7,...............15A-14, 15A-17,...............15A-20, 15A-52,..... 15A-53, 15A-54, 18-2,..... 20-2, 20-3, 23-2, 24-2,..........31-24, 32-3, 34A-3,......34B-38, 34B-39, 35-7,........ 35-15, 35-25, 35-32,.......... 35-40, 35-59, 36-2,............ 37-3, 37-12, 39-4,.......... 39-6, 39-11, 39-12,.......... 39-16, 39-25, 40-2,........ 40-13, 40-15, 40-23,.......... 40-24, 41-4, 42-30,....... 45A-5, 45A-6, 45B-4,....45B-6, 45B-13, 45B-22,........ 46-57, 46-58, 47-42,........ 47-51, 47-55, 47-56,....... 47-68, 48A-2, 48A-9,...............48A-22, 48A-23,... 48A-24, 48A-28, 49-11,........ 49-18, 49-53, 49-66,...... 49-77, 49B-10, 49E-4,............ 55-13, 57-5, 57-7,............ 58-3, 59-21, 61-7,....................61-10, 61-15,.......................61-17, 61-8

§ 2.05(a) .......................... 48-14§ 102(16)(c)(ii) ................. 36-12§ 201–22 ............................ 1-31§ 201(a)(11) .....................46A-5§ 201(c) ............................ 35-83§ 202 ............................... 55-34§ 202(a) ......................... 46-194§ 202(a)(1) ................9-8, 47-69§ 202(a)(2) .............2-12, 11-11,

.....................55-56, 58-24§ 202(a)(2)(A) ..................... 2-12§ 202(a)(2)(B) ..................... 2-12§ 202(a)(2)(C) .................... 2-12§ 202(a)(5) ..............10-13, 59-9§ 202(a)(11) ...2-3, 2-5, 2-6, 2-8,

........ 2-15, 2-48, 2-59, 3-3,

........... 3-14, 35-19, 35-21,

.... 36-7, 37-2, 38-2, 38-11,

......... 38-16, 38-23, 39-10,

.... 40-3, 40-21, 41-4, 43-3,

...... 46-92, 46A-4, 46A-25,

........... 47-45, 48-3, 49-11,

...... 49C-4, 49E-22, 54-21,

......... 55-56, 55-59, 55-60,

........... 55-64, 58-24, 59-2,

........................59-6, 59-20§ 202(a)(11)(A) .................... 3-3,

.......................43-8, 43-17§ 202(a)(11)(A)–(E) .......... 38-11,

................................ 38-12§ 202(a)(11)(A)–(F) ............... 3-3§ 202(a)(11)(B) ..........2-14, 2-19

T–39(Inv. Adv. Reg., Rel. #7, 6/15)


§ 202(a)(11)(C) ........2-15, 2-22,.............. 2-23, 2-32, 2-34,....... 2-41, 8-6, 8-10, 8-12,........ 38-12, 38-18, 39-17,........ 39-19, 39-22, 39-23,.... 39-24, 40-3, 41-5, 41-7

§ 202(a)(11)(D) .......2-43, 55-62§ 202(a)(11)(E) ........2-46, 55-64§ 202(a)(11)(F) .......2-48, 38-11,

.......................59-3, 59-19§ 202(a)(11)(G) ................. 2-47,

...........46A-25, 59-3, 59-6§ 202(a)(12) ....................... 59-9§ 202(a)(17) ...............5-8, 5-10,

.......................48-6, 48-69§ 202(a)(18) ......................... 2-9§ 202(a)(22) .........10-10, 46-13,

.....................46-48, 58-39§ 202(a)(25) .............3-15, 3-16,

............ 23-2, 27-3, 27-10,

......... 35-27, 36-12, 48-39§ 202(a)(26) ....................... 2-13§ 202(a)(29) ...............2-51, 4-6,

.......................45B-3, 55-6§ 202(a)(30) ...........2-52, 46-89,

................. 46A-35, 47-49,

......... 48-26, 48-27, 48-28§ 202(a)(ii) ....................... 55-15§ 202(b) .................55-4, 55-49,

.....................55-50, 55-55§ 203 ........... 10-11, 11-4, 20-3,

..... 22-2, 23-3, 27-5, 34-3,

.......... 34-14, 35-9, 35-12,

........ 35-13, 35-18, 35-19,

............ 35-81, 36-6, 36-7,

....46A-111, 48-12, 48-14,

................. 48-15, 48A-25,

.....................51-26, 56-14§ 203(a) .............. 48-19, 49C-3,

.... 49C-27, 49E-8, 49E-22,

... 51-2, 55-12, 55-60, 57-3§ 203(b) ........... 2-48, 3-3, 3-10,

... 10-7, 29-8, 33-2, 46-85,

......46-89, 46-96, 46A-13,

... 46A-21, 46A-34, 48-30,

... 51-2, 52-6, 55-6, 55-12,

.....................55-60, 57-16§ 203(b)(1) ......................... 2-49§ 203(b)(2) ......................... 41-4§ 203(b)(3) ..... 2-50, 2-51, 2-52,

.............. 2-54, 2-61, 2-67,

......15A-10, 26-10, 46-64,

... 46-80, 46A-12, 46A-13,

........ 47-45, 47-49, 47-65,

............ 48-19, 50-2, 50-8,

..... 50-9, 51-1, 51-4, 51-8,

........ 51-23, 51-24, 51-25,

... 52-6, 55-5, 55-6, 55-21,

.......... 55-51, 57-2, 58-20,

.............. 59-3, 59-5, 59-7,

.....................59-20, 59-22§ 203(b)(4) ......................... 2-57§ 203(b)(5) ......................... 2-57§ 203(b)(6) ..............2-58, 58-21§ 203(b)(7) ................2-54, 2-55§ 203(c) ................................ 4-9§ 203(c)(2) ......................... 4-30§ 203(d) ...........................34A-8§ 203(e) ........4-31, 15A-5, 22-5,

........23A-8, 31-23, 33-20,

............34-3, 34-4, 34A-8,

...34A-13, 4A-15, 34A-16,

...............34A-17, 34A-18,

...............34A-21, 48A-13,

.................. 48A-14, 55-32§ 203(e)(2)(A)–(D) ............15A-5§ 203(e)(3) ......................... 34-3§ 203(e)(4) .......................15A-5§ 203(e)(6) ... 23-5, 23-7, 24-40,

................. 46A-61, 57-12,

........... 57-13, 60-9, 60-10§ 203(e)(9) ...................... 35-81,

.....................35-82, 35-83§ 203(f) ..... 15A-5, 23-5, 23A-4,

..... 34-4, 34A-15, 34A-16,

...............34A-21, 48A-13,

.................. 48A-14, 55-32§ 203(g) .............................. 4-31

T–40


§ 203(i) .............................. 34-4§ 203(j) .............................. 34-4§ 203(k) ............................. 34-4§ 203(l) ...... 2-55, 35-13, 46-83,

... 46-85, 46A-16, 46A-21,

... 48-22, 48A-13, 48A-14,

............ 55-6, 55-8, 55-21,

........... 55-22, 57-2, 57-16§ 203(m) ...... 2-52, 2-56, 35-13,

........ 35-14, 46-81, 46-82,

......46-85, 46-87, 46A-13,

...............46A-14, 46A-15,

...............46A-16, 46A-21,

..........46A-23, 55-6, 55-7,

.......... 55-8, 55-21, 55-22,

.......................57-2, 57-16§ 203A ........... 3-3, 35-9, 35-10,

............ 35-19, 36-5, 36-8,

.......... 36-9, 46-59, 46-60,

..... 46-80, 46A-6, 46A-13,

............ 47-58, 51-2, 55-9,

......... 55-34, 55-55, 55-56§ 203A(1)(A) .................... 55-12§ 203A(a) ..................3-4, 39-14§ 203A(a)(1) ..........35-12, 38-23§ 203A(a)(1)(A) ................ 47-46§ 203A(a)(2) ..............3-7, 47-46§ 203A(a)(3) .............3-7, 46-61,

................................46A-7§ 203A(b) ........................... 3-12§ 203A(b)(1) .........35-18, 35-19,

......................35-20, 36-5,

........... 36-12, 47-57, 55-3§ 203A(b)(1)(A) ........3-15, 36-8,

........... 36-11, 37-5, 39-15§ 203A(b)(1)(B) .................. 59-8§ 203A(b)(1)(b) ................. 59-10§ 203A(b)(2) ..............36-5, 37-5§ 203A(c) ...... 3-9, 35-51, 55-12§ 204 ............. 27-4, 29-8, 33-2,

......45B-8, 46A-73, 48-15,

................. 49C-21, 51-20,

.....................51-26, 57-16§ 204(a) ...............27-2, 45B-21,

.......46-85, 46A-21, 48-30

§ 204(b) .......... 46-152, 46A-74,...... 46A-86, 46A-87, 55-7

§ 204(b)(3) .....................15A-42§ 204(b)(4) .....................45B-21§ 204(b)(8) .....................45B-23§ 204(b)(11) .....................45B-8§ 204A .........1-12, 3-13, 23A-6,

............ 24-41, 27-2, 27-3,

.......... 27-4, 27-16, 27-17,

.............. 29-2, 29-8, 29-9,

.......... 29-10, 29-11, 34-7,

................... 48-44, 48A-6,

.....................51-21, 57-16§ 205 ........... 3-13, 10-7, 10-20,

... 15A-36, 46-93, 46A-31,

......... 48-12, 51-21, 55-69§ 205(a) ..........15A-36, 15A-38,

.....48-12, 49C-14, 49E-30§ 205(a)(1) ......... 1-9, 9-3, 10-6,

........ 10-10, 10-11, 10-16,

......10-17, 10-18, 15A-38,

............... 46-95, 46A-110,

............... 46A-111, 47-50,

.....................51-21, 55-69§ 205(a)(2) .....9-7, 9-8, 15A-36,

................. 15A-37, 47-53,

................49C-23, 49E-34§ 205(a)(3) .......................... 9-5,

.................. 15A-38, 47-54§ 205(a)(12) ..................... 47-69§ 205(b) ............. 15A-39, 55-70§ 205(b)(1) ....................... 10-17§ 205(b)(2) ...................... 10-18,

.....................10-19, 10-24§ 205(b)(3) ......................... 10-7§ 205(b)(4) ...................... 10-15,

.....................10-24, 47-57§ 205(b)(5) ...........10-15, 10-25,

................. 48-12, 49C-14,

......... 49E-30, 51-7, 51-21§ 205(c) ............................ 10-19§ 205(d) .........................15A-36§ 205(e) ........................... 10-13,

................ 46-96, 46A-111

T–41(Inv. Adv. Reg., Rel. #7, 6/15)


§ 205(f) ............................ 35-93§ 206 .........1-6, 1-7, 1-31, 2-12,

...3-13, 4-10, 5-4, 7-6, 9-5,

.............9-6, 10-5, 15A-40,

...... 15A-42, 15A-45, 20-2,

...... 20-3, 20-6, 22-2, 28-2,

........... 34-14, 34-15, 37-2,

......... 38-12, 46-17, 46-74,

.... 46-93, 46A-31, 46A-54,

......... 47-56, 48-30, 48-31,

...... 48-37, 48A-10, 49C-7,

......49C-8, 49C-9, 49E-24,

....... 49E-25, 55-21, 55-38,

......... 55-44, 55-65, 55-66,

......... 55-67, 55-72, 55-75,

........... 55-82, 55-83, 57-8,

........... 57-10, 57-14, 60-6,

..........................60-7, 60-8§ 206(1) ............. 1-7, 1-8, 12-6,

...............15A-42, 15A-46,

..... 15A-48, 17-20, 23A-4,

...........40-10, 40-27, 41-9,

.......46-93, 46-94, 46A-29,

.... 46A-31, 46A-32, 48-31,

......... 48-32, 48-35, 48-36,

..................48A-3, 48A-21,

..............49C-110, 49E-27,

......... 51-21, 51-26, 52-16,

......................55-21, 55-30§ 206(2) ....... 1-7, 1-8, 7-5, 12-6,

................15A-42, 15A-46,

.... 15A-48, 15A-49, 17-19,

..........17-20, 19-19, 20-13,

........ 23A-4, 23A-7, 34-15,

............39-5, 40-10, 40-27,

..............41-9, 43-12, 44-5,

..........44-11, 44-12, 46-93,

..... 46-94, 46-187, 46A-29,

.... 46A-31, 46A-32, 48-31,

..........48-32, 48-35, 48-36,

...... 48-37, 48A-3, 48A-21,

....48A-25, 48A-26, 49C-9,

...49C-110, 49E-27, 51-21,

..........51-26, 52-16, 55-21,

...............55-30, 57-7, 61-3

§ 206(3) ......... 1-10, 1-11, 2-27,.............. 3-13, 8-18, 8-19,...............15A-47, 15A-48,..........15A-49, 18-2, 19-2,..... 19-3, 19-4, 19-5, 19-6,... 19-7, 19-8, 19-9, 19-10,........ 19-12, 19-13, 19-14,.......... 19-20, 20-2, 21-10,........23-13, 23A-6, 39-18,.......... 39-19, 39-20, 40-4,..... 40-5, 40-6, 40-7, 40-8,............ 40-9, 43-12, 45-8,......46-93, 46A-31, 48-31,........ 48-45, 48-46, 48-47,......48A-14, 51-21, 55-75,.....................57-10, 57-11

§ 206(4) ........ 1-7, 6-2, 6-5, 6-6,........... 6-16, 7-6, 7-8, 7-9,..... 7-12, 7-14, 8-18, 11-4,...15A-8, 15A-46, 15A-48,..... 15A-49, 23A-5, 24-39,........34A-14, 40-10, 41-9,........ 44-11, 44-12, 46-94,....46-95, 46-183, 46A-29,... 46A-32, 46A-34, 48-31,........ 48-32, 48-36, 48-37,........48-48, 48-49, 48A-3,...............48A-11, 48A-21,........48A-25, 51-21, 52-3,........ 52-12, 52-16, 55-21,....................55-30, 57-14,.....................57-15, 61-16

§ 207 .........4-4, 15A-46, 17-19,.......... 17-20, 44-8, 44-11,.......48-15, 49C-8, 49E-25

§ 208 ....................48-15, 48-28§ 208(a) ............................. 4-30§ 208(d) ....... 2-50, 2-61, 10-16,

................. 34A-13, 48-70,

......... 51-12, 51-18, 59-22§ 209 ............................... 34-14§ 209(b) ............................. 33-3§ 209(d) ........................... 34-13§ 209(e) ............................ 34-13§ 209(f) ............................23A-5

T–42


§ 210(b) ............. 33-28, 46A-87§ 210(c) ..........................45B-22§ 211 .............................46A-32§ 215 ......15A-40, 34-14, 34-15§ 215(a) ......9-5, 15A-40, 47-53§ 215(b) ......9-1, 15A-40, 51-21§ 217 ............................... 33-20§ 222 ............. 1-16, 1-17, 1-31,

......................35-17, 36-3,

.......46A-11, 55-55, 55-57

§ 222(b) ...... 1-17, 35-12, 35-46§ 222(c) ..................1-17, 35-12,

.....................35-39, 35-46§ 222(d) ...................1-15, 1-18,

.............. 2-4, 3-15, 35-11,

....................35-12, 35-29,

.................. 46A-11, 48-29§ 223 .............................46A-96

Investment Advisers Act Releases

2, Opinion of General Counsel Relating to Section 202(a)(11)(C)of the Investment Advisers Act of 1940(Oct. 28, 1940) ....................................... 2-24, 2-25, 2-28, 39-23

6, First Serv. Corp. (Nov. 6, 1940) ............................................... 2-1321, In the Matter of Donner Estates, Inc.

(Nov. 3, 1941) ......................................................... 46A-25, 59-340, Opinion of Director of Trading and Exchange Division

(Jan. 5, 1945) ...........................................................55-75, 57-1140 (Feb. 4, 1945) ......................................................................... 39-540, dated February 5, 1945 .................................................19-8, 19-948, Marine Midland Grp., Inc. (Sept. 2, 1947) ........................... 2-1352, In the Matter of the Pitcairn Company

(Mar. 2, 1949) ......................................................... 46A-25, 59-354, In the Matter of Roosevelt & Son

(Aug. 31, 1949) ....................................................... 46A-25, 59-458, In the Matter of William Lee Parks (Apr. 10, 1951) ................ 9-5122 (Nov. 6, 1961) .................................................................... 11-20123 (Feb. 27, 1962) ................................................................... 11-20201 (June 1, 1966) ..................................................................... 11-21203 (Aug. 11, 1966) ..................................................................... 39-5232, Kidder, Peabody & Co., Inc.

(Oct. 16, 1968) ............................................... 16-2, 20-13, 39-5271 ............................................................................................ 46-69302 (Dec. 1, 1971) ....................................................................... 2-62305 (Jan. 12, 1972) ...................................................................... 2-62308 (Feb. 10, 1972) ..................................................................... 2-62315 (Apr. 6, 1972) ................................... 10-14, 10-19, 10-20, 55-70333, Chase Investors Mgmt. Corp. N.Y.

(Aug. 21, 1972) ..................................................................... 2-13353 (Dec. 18, 1972) ..................................................................... 2-62

T–43(Inv. Adv. Reg., Rel. #7, 6/15)


455 (Apr. 23, 1975) ................................................................... 38-11470, Adoption of Rule 206(3)-1 Under the Investment Advisers

Act of 1940 and Termination of Temporary Rule 206(3)-1(T)Under that Act (Aug. 20, 1975) ...................15A-48, 19-8, 19-13

471 (Aug. 20, 1975) ..................................................................... 2-20497 (Feb. 19, 1976) ..................................................................... 2-63589 (June 1, 1977) ....................................................................... 19-4615, Requirements Governing Payments of Cash Referral Fees by

Investment Advisers (Feb. 2, 1978) .............. 5-2, 15A-4, 34A-13626 (Apr. 27, 1978) ..................................... 2-20, 2-24, 38-11, 55-61664, Investment Adviser Requirements Concerning Disclosure,

Recordkeeping, Applications for Registration and AnnualFilings (Jan. 30, 1979) ......................................................15A-16

688, Requirements Governing Payments of Cash ReferralFees by Investment Advisers (July 12, 1979) .......... 5-3, 5-4, 5-8,................................................. 5-9, 5-10, 15A-4, 15A-6, 34A-13,....................................................34A-14, 49C-15, 49E-30, 55-31

688 (July 19, 1979) ....................................................................15A-6701 (Sept. 17, 1979) .................................................................... 41-9721, Contingent Advisory Compensation Arrangements

(May 16, 1980) ...............................10-14, 10-16, 15A-38, 55-69736, In the Matter of William Lee Parks (Oct. 27, 1980) ............. 9-5770, Applicability of the Investment Advisers Act to

Financial Planners (Aug. 13, 1981) ..... 2-5, 38-12, 38-13, 38-14,...................................................................... 38-15, 38-16, 38-17

870 (July 15, 1983) ...................................................................... 57-3897, In the Matter of Alfred C. Rizzo

(Jan. 11, 1984) .............................................................39-5, 57-9920, In re Bond Timing Services, Inc. and Vilis Pasts

(July 23, 1984) .................................................................7-7, 7-9952 (Jan. 16, 1985) .................................................................... 32-13961 (Mar. 25, 1985) .................................................................. 10-24996, Exemption to Allow Registered Investment Advisers

to Charge Fees Based Upon a Share of Capital GainsUpon or Capital Appreciation of a Client’s Account(Nov. 14, 1985) ..................................................... 10-21, 15A-39

996 (Nov. 26, 1985) .................................................................... 10-41000 (Dec. 3, 1985) ........................................................11-13, 11-141034, Certain Transactions Not Deemed Assignments

(Sept. 9, 1986) ..................................................................15A-371038, In re Shearson Lehman Brothers, Inc., Stein Roe &

Farnham (Sept. 24, 1986) .............................. 21-11, 34-5, 48-341083 (Sept. 25, 1987) .........................................................4-28, 4-29

T–44


1092, Applicability of the Investment Advisers Act toFinancial Planners, Pension Consultants, andOther Persons Who Provide Investment Advisory Servicesas a Component of Other Financial Services(Oct. 8, 1987) ............ 2-5, 2-11, 2-41, 2-59, 2-69, 35-21, 35-22,..................................... 35-23, 35-26, 38-16, 38-17, 38-31, 39-8,................................................ 39-9, 39-24, 41-5, 46-93, 46A-31,....................................49C-4, 55-18, 55-34, 55-61, 58-14, 58-15

1092, Applicability of the Investment Advisers Act to FinancialPlanners, Pension Consultants, and Other Persons WhoProvide Investment Advisory Services as a Component ofOther Financial Services (Oct. 16, 1987) ..............49C-4, 49E-23

1093, Investment Advisers (Nov. 5, 1987) .................................. 7-161095, In re John Guira, et al. (Nov. 13, 1987) .......................... 48-341105, In the Matter of Mark Bailey & Co. and

Mark Bailey (Feb. 24, 1988) .................15A-50, 16-2, 20-6, 57-91117, In re Westmark Financial Services Corp.

(May 16, 1988) ..................................................................... 39-51135, Recordkeeping by Investment Advisers

(Aug. 17, 1988) .................................................. 7-15, 7-16, 32-51140 (Sept. 16, 1988) .........................................................2-49, 2-501174, In re George Sein Lin (June 19, 1989) .............................. 12-41243, Thomson McKinnon Asset Management L.P.

(July 26, 1990) ...................................................................... 10-41297, In the Matter of Baskin Planning Consultants, Ltd.

(Dec. 19, 1991) ..................................................................... 57-91318, In re M&I Investment Management Corp.

(June 30, 1992) ............................................................21-3, 21-71324, In re Demitri Balatsos (Aug. 18, 1992) ............................. 19-71358, In re Stephen C. Schulmerich (Jan. 4, 1993) .................. 33-271379, In the Matter of Aetna Capital Management, Inc. and

Aetna Financial Services, Inc. (Aug. 19, 1993) ....................... 5-51387, In re Kemper Fin. Servs., Inc.

(Oct. 20, 1993) .............................................. 19-18, 20-8, 55-731393, In re Michael L. Smirlock

(Nov. 29, 1993) ............................................ 19-18, 48-32, 55-731396, In re Kingsley, Jennison, McNulty &

Morse, Inc., et al. (Dec. 23, 1993) ................... 44-5, 48-32, 61-31406, Suitability of Investment Advice Provided by

Investment Advisers; Custodial Account Statementsfor Certain Advisory Clients (Mar. 16, 1994) .............12-5, 32-2,................................................................................ 39-5, 49C-17,...................................................................... 49E-33, 55-83, 57-8

T–45(Inv. Adv. Reg., Rel. #7, 6/15)


1406, Suitability of Investment Advice Provided by InvestmentAdvisers; Custodial Account Statements for CertainAdvisory Clients (Mar. 22, 1994) ......................................... 60-8

1411, Disclosure by Investment Advisers Regarding WrapFee Program (Apr. 19, 1994) ............................ 43-6, 44-2, 55-71

1423, In re Edgemont Asset Mgmt. Corp. andBowling Green Sec., Inc. (July 5, 1994) .............................. 48-34

1425 (July 12, 1994) .................................................................. 55-761431, In re Seaboard Investment Advisers, Inc.

(Aug. 3, 1994) ....................................................................... 7-141435, In re Piper Capital Management, Inc.

(Aug. 11, 1994) ..........................................................19-9, 55-751446, In re Joan Conan (Sept. 30, 1994) .......................27-22, 55-761446, In re Schwendiman Partners, LLC (Sept. 30, 1994) ........ 48-341447, In re Chancellor Capital Mgmt., Inc., Parag Saxena,

and James A. Long IV (Oct. 18, 1994) ........ 27-21, 48-34, 55-771452, In the Matter of Credit Suisse Asset

Management, Inc. (Nov. 16, 1994) ..................................... 55-751457, In re Gabelli & Co. and GAMCO Investors, Inc.

(Dec. 8, 1994) ..........................................................24-41, 27-171468, In re Thomas J. Bowne (Feb. 10, 1995) .......................... 48-341469 (Feb. 14, 1995) ................................. 4-14, 17-13, 17-17, 55-811492, In re Askins Capital and David J. Askin

(May 23, 1995) ................................................................... 48-321494, In re Kemper Financial Services, Inc. (June 6, 1995) ...... 27-221495, In re Thomas H. Richards (June 6, 1995) ....................... 19-181501, In the Matter of Clarke Lanzen Skalla Investment

Firm, Inc. (June 16, 1995) .................................................... 44-61504, In the Matter of Clariden Asset Management

(New York) Inc. (July 10, 1995) .......................................... 57-111510, Status of Investment Advisory Programs Under the

Investment Company Act of 1940 (July 27, 1995) .....2-11, 43-81525, In re Van Kampen American Capital Mgmt., Inc.

(Sept. 29, 1995) .................................................................. 48-331527, In re Roger W. Honour (Sept. 29, 1995) ...............27-21, 48-341529, In re Account Mgmt. Corp., et al.

(Sept. 29, 1995) .......................................................19-19, 48-341538, Feldman Investment Group, Inc. (Nov. 27, 1995) ............ 19-51539, In re John J. Kaweske (Nov. 27, 1995) .................27-22, 48-341545, In re Leeb Investment Advisors et al. (Jan. 16, 1996) ......... 7-81550, In re Stanley Peter Kerry (Jan. 25, 1996) ........................... 44-81560, In the Matter of Gruntal & Co., Inc. (Apr. 9, 1996) ....... 43-12

T–46


1562, Use of Electronic Media by Broker-Dealers, TransferAgents, and Investment Advisers for Delivery ofInformation (May 9, 1996) .........................15A-19, 19-12, 40-9,................................................................ 46-67, 46A-39, 46A-47,..................................................................49C-12, 49E-29, 55-59

1568, In re Portfolio Mgmt. Consultants, Inc.(June 27, 1996) ................................................................... 48-35

1568, In the Matter of Portfolio Mgmt. Consultants, Inc.(June 27, 1996) ........................................................40-10, 43-11

1571, In re McKenzie Walker Investment Mgmt., Inc.,et al. (July 16, 1996) ........................... 19-19, 20-8, 48-34, 57-12

1575, In re S Squared Technology Corp.(Aug. 7, 1996) ..........................................................17-19, 57-10

1581, In re Michael C. Robertson, et al. (Sept. 26, 1996) ........ 48-341584, In re Patricia Owen-Michel

(Sept. 27, 1996) .............................................. 6-6, 6-16, 7-7, 7-81585, In re Concord Investment Co. (Sept. 27, 1996) ................ 19-51601 (Dec. 20, 1996) ................................................................... 37-31605, In re Ronald L. Speaker, et al. (Jan. 13, 1997) ................ 48-341614, In re Oakwood Counselors, Inc. and

Paul J. Sherman (Feb. 10, 1997) ..............................17-20, 48-341632, In re Russell W. Stein, Ford D. Albritton, Jr.,

and Dover & Assocs., Inc. (May 9, 1977) .............................. 5-21633, Rules Implementing Amendments to the Investment

Advisers Act of 1940 (May 15, 1997) ........ 3-4, 3-10, 3-17, 3-18,.................................................... 5-10, 15A-48, 36-5, 36-8, 37-5,...............................................46-62, 46-93, 46A-9, 46A-31, 51-4

1637, Arthur Anderson Financial Advisers(June 16, 1997) (Notice) ....................................................... 3-11

1642, Arthur Anderson Financial Advisers(July 8, 1997) (Order) ........................................................... 3-11

1644, In re LBS Capital Management, Inc.(July 18, 1997) ................................................ 6-16, 7-7, 7-8, 7-9

1648, In re First Capital Strategies, et al.(Aug. 13, 1997) ................................................................... 48-33

1648, In re First Capital Strategists, et al.(Aug. 15, 1997) ................................................................... 48-33

1654, In re Mitchell Hutchins Asset Mgmt., Inc.(Sept. 2, 1997) .................................................................... 48-33

1666, In re Stephens, Inc. (Sept. 16, 1997) ......................19-9, 57-111681 (Nov. 13, 1997) .........................................................3-11, 3-171682 (Nov. 13, 1997) ................................................................ 10-21

T–47(Inv. Adv. Reg., Rel. #7, 6/15)


1688, In re Renaissance Capital Advisors, Inc. andRichard N. Fine (Dec. 22, 1997) ........................................ 17-20

1705, In the Matter of Moreland Management Company(Mar. 10, 1998) ..................................................................... 59-4

1717, In re Reservoir Capital Management, Inc.(Apr. 24, 1998) ...............................................................6-5, 6-15

1731, Exemption to Allow Investment Advisers toCharge Fees Based Upon a Share of Capital GainsUpon or Capital Appreciation of a Client’s Account(July 15, 1998, effective as of Aug. 20, 1998) ..........47-57, 47-58

1731, Exemption to Allow Registered Investment Advisersto Charge Fees Based Upon a Share of Capital GainsUpon or Capital Appreciation of a Client’s Account(July 15, 1998) ...........................................10-21, 10-23, 15A-39

1732, Interpretation of Section 206(3) of the InvestmentAdvisers Act of 1940 (July 17, 1998) ....... 15A-47, 15A-48, 19-4,................................................................ 19-7, 19-8, 19-9, 19-10,..................................................................................57-10, 57-11

1733 (July 17, 1998) ................................................. 3-11, 3-16, 3-171741, In the Matter of: Nicholas-Applegate Capital

Management (Aug. 12, 1998) ............................................. 57-121751, In re Stephen H. Brown (Sept. 14, 1998) ........................ 48-331763, In re FinArc, LLC (Sept. 29, 1998) ...........................4-30, 6-151764, In re Profitek, Inc. and Edward G. Smith

(Sept. 29, 1998) .............................................................6-15, 7-81767, In re ABN AMRO-NSM International Funds

Management, B.V. (Sept. 30, 1998) ...................................... 19-51772, In the Matter of O’Brien Partners, Inc.

(Oct. 27, 1998) .............................................. 2-68, 55-15, 55-721774, In re Valicenti Advisory Services and

Vincent R. Valicenti (Nov. 18, 1998) ...........................4-29, 6-131775, In re Robert J. Smith (Nov. 25, 1998) ............................... 10-61779, In re Meridian Investment Management Corp. et al.

(Dec. 28, 1998) ..............................................................7-7, 7-151798, In re Wren Harold Hart (Apr. 22, 1999) ............................ 34-81801, In re Boston Investment Counsel, Inc. and

Robert E. Campanella (June 10, 1999) ........................4-28, 6-151804 (June 22, 1999) ..................................................................... 3-31805, CSX Fin. Mgmt., Inc. (June 23, 1999) .............................. 2-481808 (July 20, 1999) .................................................................... 2-481812 (Aug. 4, 1999) ................................................................... 28-121813, In re Bell Capital Management, Inc.

(Aug. 6, 1999) ..............................................................6-15, 6-161814, In re Bing Sung (Aug. 12, 1999) ...................8-6, 12-4, 15A-45

T–48


1819, In re Van Kampen Investment Advisory Corp.and Alan Sachtleben (Sept. 8, 1999) ............................7-5, 48-33

1821, In re Fleet Investment Advisors, Inc. (Sept. 9, 1999) ...... 48-351825, In re Engebretson Capital Management, Inc.

and Lester W. Engebretson (Sept. 13, 1999) ......................... 7-221834, In re Capital Markets Research Co. &

Paul Edward Holl (Sept. 27, 1999) ..................................... 48-341841, In re Marvin & Palmer Assocs., et al.

(Sept. 30, 1999) .................................................................. 48-341843, In re Gordon Richard Taubenheim

(Oct. 4, 1999) ......................................................... 3-13, 46A-321845, Certain Broker-Dealers Deemed Not to Be

Investment Advisers (Nov. 4, 1999) ........................38-24, 38-251848, In re Scudder Kemper Investments, Inc.

and Gary Paul Johnson (Dec. 22, 1999) ............................. 48-331848, In the Matter of Scudder Kemper Investments, Inc.

and Gary Paul Johnson (Dec. 22, 1999) ............................. 24-161849, In re Michael T. Sullivan, III

(Dec. 22, 1999) ........................................................24-16, 48-331862 (Apr. 5, 2000) .......................................... 1-24, 4-4, 4-11, 4-16,

....................................................................33-28, 46-67, 46A-471863, In re Rauscher Pierce Refsnes, Inc., et al.

(Apr. 6, 2000) ...................................................................... 48-341863, In the Matter of Rauscher Pierce Refsnes, Inc., et al.

(Apr. 6, 2000) .............................................................2-68, 55-161870, In re The Dreyfus Corporation and

Michael L. Schonberg (May 10, 2000) ............. 7-5, 48-33, 48-341872, In re Schield Management Company et al.

(May 31, 2000) ............................................... 7-4, 7-7, 7-8, 7-221879, In re Founders Asset Mgmt., LLC, et al.

(June 15, 2000) ................................................................... 48-351880, In the Matter of Owen-Joseph Asset Mgmt.

Corp., et al. (June 15, 2002) ............................................... 40-101882, SEC v. Timothy J. Lyons (June 20, 2000) ........................ 48-331883, Final Rule: Privacy of Consumer Financial

Information (Regulation S-P) (June 22, 2000) .................15A-22,.............................................................................15A-24, 46A-99

1883, Privacy of Consumer Financial Information(Regulation S-P) (June 29, 2000) ........................ 49C-39, 49E-22

1883, Final Rule: Privacy of Consumer FinancialInformation (Regulation S-P) (Nov. 13, 2000) ....15A-26, 15A-27

1889, In re Dawson Samberg Capital Mgmt., Inc., et al.(Aug. 3, 2000) ........................................................46-122, 48-34

1895, In re F.W. Thompson Co., Ltd., et al.(Sept. 7, 2000) ............................................... 20-8, 20-11, 48-34

T–49(Inv. Adv. Reg., Rel. #7, 6/15)


1897, Electronic Filing by Investment Advisers;Amendments to Form ADV (Sept. 12, 2000) ....... 1-24, 4-4, 4-9,................................................................... 4-10, 4-12, 4-16, 4-31

1898 (Sept. 25, 2000) .................................................................. 12-61924, In the Matter of Marc N. Geman (Feb. 14, 2001) .......... 43-111931, In the Matter of Bear Creek Inc.

(Mar. 9, 2001) ......................................................... 46A-25, 59-41932, Electronic Recordkeeping by Investment Companies

and Investment Advisers (Mar. 13, 2001) .......................... 32-141937, In re John Wellington Bagwell (Apr. 10, 2001) .................. 4-281941, In re Joel R. Mogy Investment Counsel, Inc.

(May 7, 2001) .................................................................. 49C-501943, In the Matter of Guy P. Wyser-Pratte,

Wyser-Pratte Mgmt. Co., Inc. and Wyser-Pratteand Co., Inc. (May 9, 2001) ....................................27-17, 29-13

1945 (May 24, 2001) ................................................... 32-15, 46A-721954, In the Matter of Sage Advisory Services LLC

(July 27, 2001) ...................................................................... 12-61967, In re Andrew S. Parlin (Aug. 10, 2001) ........................... 48-331978, In the Matter of Performance Analytics, Inc. and

Robert P. Moseson (Sept. 27, 2001) ...................................... 6-171979, In re David F. Bellet (Sept. 28, 2001) .....................32-9, 34-121980, In the Matter of Western Asset Management Co.

and Legg Mason Fund Adviser, Inc. (Sept. 28, 2001) ......... 57-121984, In re Duff & Phelps Investment Mgmt. Co., Inc.

(Sept. 28, 2001) .................................................................. 48-351991, In the Matter of F.X.C. Investors Corp., and

Francis Curzio (Oct. 18, 2001) ............................................. 6-161994, In the Matter of IMS/CPAs & Associates, Vernon T. Hall,

Stanley Hargrave, and Jerome B. Vernazza (Nov. 5, 2001) ..... 5-52001, In re Cambridge Equity Advisors, Inc. and

Michael E. Goldston (Dec. 12, 2001) ................................... 6-152002, In re Market Timing Systems, Inc., Gregory Meadors

and Mark Shinnick (Dec. 14, 2001) ..................................... 6-152010, In re Raymond A. Parkins, Jr. (Jan. 18, 2002) ................... 12-62023, In re Stan D. Kiefer & Associates and

Stanley D. Kiefer (Mar. 22, 2002) ......................................... 7-222028 (Apr. 12, 2002) ................................................................... 3-112035, In re Deprince, Race & Zollo, Inc., and

John D. Race (June 12, 2002) ....................................4-30, 27-172038, In re Portfolio Advisory Servs., LLC, et al.

(June 20, 2002) ............................................ 40-10, 48-34, 48-352047, In re Market Timing Systems, Inc. et al.

(Aug. 28, 2002) ................................................................7-7, 7-8

T–50


2064, In the Matter of Renberg Capital Management, Inc.and Daniel H. Renberg (Oct. 1, 2002) ................................ 57-11

2079, In the Matter of Gintel Asset Mgmt., Inc., Gintel& Co. LLC, Robert M. Gintel and Stephen G. Stavrides(Nov. 8, 2002) ..................................................................... 29-21

2091 (Dec. 12, 2002) ................................................................... 3-112092, In re Millennium Capital Advisors (Dec. 3, 1992) ........... 23-52092, In re Millennium Capital Advisors of Pennsylvania, Inc.

and Louis J. Sozio (Dec. 13, 2002) ....................................... 34-72106, Proxy Voting by Investment Advisers

(Jan. 31, 2003) .....................................13-3, 13-4, 13-6, 15A-43,....................................................................15A-44, 32-12, 57-15(Mar. 10, 2003) .................................................................46A-97

2125, Am. Pegasus LDG, LLC et al.(Dec. 21, 2010) ..................................................48A-13, 48A-14,...............................................................48A-15, 48A-17, 48A-22

2136, In re Monetta Financial Services, Inc. et al.(June 9, 2003) ....................................................................... 20-8

2153, In re John McStay Investment Counsel L.P.(July 31, 2003) .................................................................... 48-33

2160, In the Matter of Deutsche Asset Mgmt., Inc.(Aug. 19, 2003) ..........................................................13-5, 57-15

2165, In the Matter of Massachusetts Fin. Servs. Co.(Sept. 4, 2003) .................................................................... 29-13

2176, Final Rule: Custody of Funds or Securities ofClients by Investment Advisers(Sept. 25, 2003) ..................................... 4-8, 4-15, 11-13, 11-17,..................................................... 11-19, 11-22, 15A-50, 46A-88,................................................... 46A-92, 49C-18, 49C-21, 57-15

2192, In the Matter of Putnam Investment Management, LLC(Nov. 13, 2003) ................................................................... 27-22

2201, In the Matter of FT Interactive Data, f/k/a InteractiveData Cease-and-Desist Order (Dec. 11, 2003) ................... 55-38

2203, In re Robert T. Littell & Wilfred Meckel(Dec. 15, 2003) ............................................................34-5, 34-8

2203, In the Matter of Wilfred Mickel andRobert A. Littell (Dec. 15, 2003) .......................... 46A-61, 57-12

2204, Final Rule: Compliance Programs of InvestmentCompanies and Advisers(Dec. 17, 2003) ........................ 15A-46, 17-18, 22-2, 22-4, 22-5,.................................................. 22-7, 22-13, 22-14, 23-2, 23A-2,.................................................. 23A-3, 24-4, 24-8, 24-12, 24-17,..........................24-39, 25-1, 28-3, 29-10, 46A-53, 46A-55, 61-5(Feb. 5, 2004) ...............................................46-73, 46-75, 48A-5

2204, Adopting Release (Dec. 24, 2003) ...................................48A-5

T–51(Inv. Adv. Reg., Rel. #7, 6/15)


2205, In re Alliance Capital Mgmt., LP (Dec. 8, 2003) ............ 29-102239, In the Matter of Strong Capital Management, Inc.

(May 20, 2004) ................................................................... 27-232256, Investment Advisers Codes of Ethics

(July 2, 2004) .............................................. 24-12, 24-33, 24-35,...........................................................28-2, 29-10, 46A-58, 57-16

2256 (July 6, 2004) .........................................................27-16, 32-102256, Investment Adviser Codes of Ethics

(Aug. 31, 2004) ........................................... 27-10, 27-11, 27-13,................................................................... 46-78, 46A-60, 48A-7

2276, In re Thayer Capital Partners, et al.(Aug. 12, 2004) ................................................................... 48-35

2278, Certain Broker-Dealers Deemed Not to BeInvestment Advisers (Aug. 18, 2004) ......................38-25, 39-16

2294, In re Bridgeway Capital Management, Inc.(Sept. 15, 2004) .................................................................. 10-19

2332, Proper Disposal of Consumer Report Information(Dec. 2, 2004) .....................14-8, 14-9, 15A-22, 46-99, 46A-103

2333, Registration Under the Advisers Act of CertainHedge Fund Advisers (Dec. 2, 2004) ..... 11-28, 46A-30, 46A-32,..............................................................46A-70, 50-8, 51-3, 51-5,.............................................................. 51-6, 51-8, 51-11, 51-20,...................................................................... 51-21, 51-24, 51-25

2340, Certain Broker-Dealers Deemed Not to BeInvestment Advisers (Jan. 14, 2005) .................................. 38-26

2374, In re Michael T. Jackson and EGM Capital(Apr. 6, 2005) ...............................................................21-1, 21-7

2376 (Apr. 12, 2005) ...................................... 2-20, 2-21, 2-22, 2-25,......................................................2-26, 2-27, 2-28, 39-17, 39-18

2376, Certain Broker Dealers Deemed Not to BeInvestment Advisers (Apr. 15, 2005) .................................... 43-3

2376, Certain Broker-Dealers Deemed Not to BeInvestment Advisers; Final Rule(Apr. 19, 2005) ............................................... 38-2, 38-27, 38-28

2396, In the Matter of Banc of Am. Inv. Servs., Inc.(June 15, 2005) ................................................... 34B-38, 34B-39

2426 (Sept. 12, 2005) .................................................................. 2-202441, In re Angelo Haligiannis (Oct. 12, 2005) ........................ 48-332457, In re Gerson Asset Mgmt., Inc. (Dec. 2, 2005) ................. 20-92459, Riverton Management, Inc. (Dec. 9, 2005) ...................46A-252489, In re New England Securities Corp.

(Feb. 21, 2006) ...........................................................44-5, 44-122500, In the Matter of Adler Management, L.L.C.

(Mar. 21, 2006) ..................................................................... 59-4

T–52


2514, Hutchens Investment Management, Inc. andWilliam Hutchens (May 9, 2006) .......................................15A-8

2520, In re Capital Works Investment Partners, LLC, et al.(June 6, 2006) ..............................................................6-4, 33-27

2628, Prohibition of Fraud by Advisers to Certain PooledInvestment Vehicles(Aug. 3, 2007) ..............................................46-95, 49C-8, 55-30(Sept. 10, 2007) ...................................................48A-3, 48A-11,...............................................................48A-12, 48A-22, 48A-23

2634, In re Quattro Global Capital, LLC(Aug. 15, 2007) ................................................................ 49C-50

2652, Interpretive Rule Under the Advisers ActAffecting Broker-Dealers (Sept. 24, 2007) .... 39-22, 39-23, 39-24

2652 (Sept. 28, 2007) ................................................................ 38-302653, Rule Regarding Principal Trades with

Certain Advisory Clients(Sept. 24, 2007) .........................................15A-48, 19-13, 19-14

2711, Amendments to Form ADV(Mar. 3, 2008) .................... 17-18, 44-2, 46A-48, 49C-7, 49E-24

2711, Amendments to Form ADV (Mar. 4, 2008) ...................... 4-162712, Part 248—Regulation S-P: Privacy of Consumer

Financial Information & Safeguarding PersonalInformation (Mar. 4, 2008) ................................... 14-9, 15A-24,............................................................................. 46-99, 46A-103

2713, In the Matter of Fid. Mgmt. & Research Co., Inc.(Mar. 5, 2008) ...................................................................34B-40

2736, In the Matter of Slick Enterprises, Inc.(Mar. 22, 2008) ..................................................................... 59-4

2761, In the Matter of Pax World Management, Corp.(July 30, 2008) ...................................................................... 12-3

2773, In the Matter of Woodcock Financial ManagementCompany, LLC (Aug. 26, 2008) ............................................ 59-4

2775, LPL Fin. Corp. (Sept. 11, 2008) ........................................ 14-82775, Order Instituting Administrative and Cease-and-Desist

Proceedings (Sept. 11, 2008) ............................................... 15-112804, In the Matter of WLD Enterprises., Inc. (Oct. 17, 2008) .... 59-42872, In the Matter of INTECH Inv. Mgmt. LLC and

David E. Hurley (May 7, 2009) ..........................15A-43, 46A-982876 (May 20, 2009) ...............................................................15A-552910 (Aug. 3, 2009) ................................................................... 55-242911, Regulation S-AM: Limitations on Affiliate

Marketing (Aug. 4, 2009) ...................................15A-22, 15A-312945, In the Matter of Value Line, Inc., et al.

(Nov. 4, 2009) ..................................................................... 40-10

T–53(Inv. Adv. Reg., Rel. #7, 6/15)


2950, Final Model Privacy Form under theGramm-Leach-Bliley Act (Nov. 16, 2009) ........................15A-22

2968, Custody of Funds or Securities of Clients byInvestment Advisers (Dec. 30, 2009) ............. 4-8, 11-19, 11-23,........................................................11-25, 11-28, 15A-50, 32-10,..................................... 40-24, 46A-90, 46A-92, 46A-94, 49C-18

2969, Commission Guidance Regarding IndependentPublic Accountant Engagements Performed Pursuantto Rule 206(4)-2 Under the Investment Advisers Actof 1940 (Dec. 30, 2009) ........................................ 11-25, 46A-94

3043, Political Contributions by Certain InvestmentAdvisers (June 30, 2010) ..........................................55-21, 55-22

3043, Political Contributions by Certain InvestmentAdvisers (July 1, 2010) ................................ 32-11, 47-65, 47-66,............................................................... 52-3, 52-9, 52-10, 52-11

3043 (July 10, 2010) .................................................................. 57-133043 (Sept. 13, 2010) ...................................15A-9, 15A-10, 15A-11,

.............................................................................15A-12, 15A-133060, Amendments to Form ADV

(July 28, 2010) .........................4-4, 4-16, 4-25, 15A-16, 15A-18,................................................15A-46, 15A-49, 32-6, 44-9, 45-5,............................................ 46-65, 46-66, 46-67, 46-69, 46A-45,........................................ 46A-46, 46A-47, 46A-49, 47-52, 55-58(Aug. 12, 2010) .................................................................34A-22(Oct. 12, 2010) .................................................................15A-16

3090, In the Matter of Valentine Capital AssetMgmt., Inc. (Sept. 29, 2010) ..............................48A-25, 48A-26

3098 (Oct. 10, 2010) ................................................................... 59-73098 (Oct. 12, 2010) ................................................................... 2-473109, In the Matter of Buckingham Research Grp., Inc.

(Nov. 17, 2010) (Order) ....................................................34B-353110 (Nov. 19, 2010) ............. 3-8, 55-9, 55-12, 55-22, 55-26, 55-343111 (Nov. 19, 2010) .......................................................55-6, 55-223120 (Dec. 28, 2010) ................................................................... 4-273128 (Dec. 28, 2010) ................................................................. 19-143136, Charles Schwab Inv. Mgmt., et al.

(Jan. 11, 2011) ....................................................48A-15, 48A-173145, Reporting by Investment Advisers to Private Funds

and Certain Commodity Pool Operators and CommodityTrading Advisors on Form PF(Jan. 26, 2011) ....................................... 46-153, 46-155, 46-156

3149, In the Matter of AXA Rosenberg Group, LLC(Feb. 3, 2011) .............................................. 22-4, 48A-7, 48A-26

T–54


3197, Alethia Research and Management(May 9, 2011) ..................................................................... 27-23

3198 (May 10, 2011) ................................................................. 10-223211, In the Matter of Wunderlich Securities, Inc., et al.

(May 27, 2011) ........................................................27-23, 40-163220, Family Offices (June 22, 2011) ................2-47, 46-92, 46A-26,

......................................................................46A-28, 47-49, 59-83221 (June 22, 2001) ................................................................... 37-43221, Rules Implementing Amendments to the Investment

Advisers Act of 1940 (June 22, 2011) .......... 2-53, 2-56, 3-4, 3-8,...............................................................3-10, 3-11, 4-4, 4-5, 4-6,.................................................4-24, 35-52, 46-60, 46-61, 46-62,..............................................46-63, 46A-7, 46A-8, 47-45, 47-46,...............................................47-48, 47-49, 47-50, 47-52, 47-53,................................................47-65, 47-66, 48-5, 49C-13, 50-9,............................................ 52-7, 52-9, 52-13, 57-4, 57-13, 59-3

3222, Exemptions for Advisers to Venture Capital Funds,Private Fund Advisers With Less Than $150 Million inAssets Under Management, and Foreign Private Advisers(June 22, 2011) ..................................2-53, 45B-4, 46-81, 46-82,.................................................. 46-89, 46A-13, 46A-15, 46A-17,.........................................46A-36, 46A-40, 47-47, 48-20, 49C-5,.............................................49C-6, 49E-3, 49E-23, 49E-24, 57-4

3236 (July 12, 2011) .................................................................. 10-223297, Approval of Filing Fees for Exempt Reporting Advisers

and Private Fund Advisers (Sept. 30, 2011) .......................... 57-63304, In the Matter of Banco Espirito Santo S.A.

(Oct. 24, 2011) ...........................49C-4, 49C-26, 49C-27, 49E-73305, Order Approving Filing Fees for Exempt Reporting

Advisers and Private Fund Advisers (Oct. 24, 2011) ........45B-223308, Reporting by Investment Advisers to Private Funds

and Certain Commodity Pool Operators andCommodity Trading Advisors on Form PF(Oct. 31, 2011) .......................................... 45B-7, 45B-23, 47-56

3325, In the Matter of Feltl & Co., Inc. (Nov. 28, 2011) .......... 40-163372, Investment Adviser Performance Compensation

(Feb. 15, 2012) ....................................... 10-22, 15A-39, 15A-40,.........................................................37-5, 46A-110, 47-58, 48-13

3383, Laurence Albukerk & EB Fin. Grp., LLC(Mar. 14, 2012) .....................................48A-19, 48A-20, 48A-21

3399, GMB Capital Mgmt., LLC, et al.(Apr. 20, 2012) ........................ 48A-14, 48A-15, 48A-16, 48A-17

3403 (July 1, 2010) ...................................................................... 52-9

T–55(Inv. Adv. Reg., Rel. #7, 6/15)


3408, Quantek Asset Mgmt., LLC, et al.(May 29, 2012) .....................................48A-15, 48A-16, 48A-17

3416, In re David Mark Bunzel (June 7, 2012) ......................... 61-113418, Political Contributions by Certain Investment

Advisers: Ban on Third-Party Solicitation; Extensionof Compliance Date (June 8, 2012) ...........................47-66, 52-5

3428, Calhoun Asset Mgmt., LLC (July 9, 2012) ...................34B-133441, In the Matter of Consultiva Internacional, Inc.

(Aug. 3, 2012) .....................................................................34B-73458, In the Matter of Focus Point Solutions, Inc.

(Sept. 7, 2012) ..................................................................15A-443464, In the Matter of Walter V. Gerasimowicz, et al.

(Sept. 14, 2012) ................................................................15A-563495, BTS Asset Management, Inc.

(Oct. 29, 2012) (Order) .....................................................34B-263519, Claymore Advisors, LLC (Dec. 19, 2012) ........ 34B-25, 34B-263520, Fiduciary Asset Management, LLC

(Dec. 19, 2012) .................................................................48A-173522, Temporary Rule Regarding Principal Trades with

Certain Advisory Clients(Dec. 20, 2012) ..........................................15A-48, 19-14, 19-15

3547 (Feb. 6, 2013) ................................................................... 35-173553, Oxford Inv. Partners LLC & Walter J. Clarke

(Feb. 15, 2013) ..................................................................48A-173564, In the Matter of Fry Hensley and Company and

Nicholas L. Fry, II (Mar. 8, 2013) .....................................15A-473566, Oppenheimer Asset Mgmt. Inc. & Oppenheimer

Alternative Inv. Mgmt., LLC(Mar. 11, 2013) ....................................... 48A-18, 48A-19, 61-15

3571 ........................................................................................48A-183582, Identity Theft Red Flags Rules

(Apr. 10, 2013) ...................................................15A-31, 15A-32,...............................................................15A-33, 15A-34, 15A-35

3587, In the Matter of Vector Wealth Management, LLC(Apr. 18, 2013) ..................................................................15A-55

3636, In the Matter of Comprehensive CapitalManagement, Inc. (July 20, 2013) ....................................15A-55

3693 (Oct. 17, 2013) ...............................................................15A-133704, In the Matter of Equitas Capital Advisors, LLC et al.

(Oct. 23, 2013) .................................................................15A-463705, In the Matter of Knelman Asset Management Group

(Oct. 29, 2013) .................................................................15A-443706, In the Matter of GW & Wade, LLC (Oct. 28, 2013) .....15A-513715 (Nov. 13, 2013) ..............................................................15A-13

T–56


3719, In re Agamas Capital Management, LP(Nov. 19, 2013) ........................................................61-16, 61-17

3727, In the Matter of Tri-Star Advisors, Inc.,William T. Payne, and Jon C. Vaughan (Nov. 26, 2013) ....15A-49

3747, In the Matter of Jim Poe & Associates, Inc.(Dec. 24, 2013) .................................................................15A-39

3785, In the Matter of Clean Energy Capital, LLC andScott A. Brittenham (Feb. 25, 2014) .................................15A-48

3866, In the Matter of Gruss & Co., Inc. (July 1, 2014) .......... 59-233867, In the Matter of Duncan Family Office

(July 1, 2014) ...................................................................... 59-2331,308, Reporting by Investment Advisers to Private Funds

and Certain Commodity Pool Operators andCommodity Trading Advisers on Form PF(Oct. 31, 2011) ....................... 46A-75, 46A-78, 46A-81, 46A-87

T–57(Inv. Adv. Reg., Rel. #7, 6/15)


table of authorities adviser...aaron v. sec ... chao v. linder ... roosevelt & son, in...

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