table of authorities - pli.edu adviser... · aaron v. sec ... chao v. linder ... in re roosevelt...

TOA_Investment Adviser Regulation_Rel#5.fm Thursday, June 12, 2014 4:45 PM

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. Com’n ........................................... 35-56Brian K. Costello, In the Matter of.......................................... 49F-5

(Inv. Adv. Reg., Rel. #5, 6/14) T–1

INVESTMENT ADVISER REGULATION


Buckley v. Valeo ........................................................................ 52-4Burks v. Lasker ....................................................................... 42-13

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. P 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........................................................ 2-48Donovon v. Bierwirth ............................................................. 49-25

T–2



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-14Ernst & Ernst v. Hochfelder ........................................... 29-7, 35-78Esser Distrib. Co., Inc. v. Steidl .............................................. 35-79Etienne v. Mitre Corp. ................................................. 24-23, 24-39Everts v. Holtman................................................................... 35-79

F

Fed. 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-11Fogel 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, 48-35, 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

(Inv. Adv. Reg., Rel. #5, 6/14) T–3



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, 33-21Hill 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 ............................................................. 48-33In 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. .................................... 60-14

T–4



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

In the Matter of Brian K. Costello........................................... 49F-5In the Matter of Clarke Lanzen Skalla Inv. Firm, Inc. .... 43-9, 43-10In the Matter of Del. Mgmt. Co. .............................................. 16-2In 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-4Initial 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

(Inv. Adv. Reg., Rel. #5, 6/14) T–5



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 ............................................................ 48-33Mass. 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............................................. 59-8

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 .............................................. 35-85Richard 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. Albert Jackson Stanley ...............................................31A-21SEC v. Aletheia Research & Mgmt., Inc., et al. .....................48A-22SEC v. Anthony Postiglione, Jr., et al. ..................................... 48-32SEC v. Beacon Hill Asset Mgmt., LLC, et al. ........................... 48-32SEC v. Blackfoot Bituminous, Inc. ..........................................34B-6SEC v. Bridge Premium Fin., LLC .........................................34B-57SEC v. Burton G. Friedlander, et al.......................................... 48-32

(Inv. Adv. Reg., Rel. #5, 6/14) T–7



SEC 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, 48-30, 48-31, 48A-2, 48A-3,......................................... 48A-9, 48A-10, 49C-9, 49E-26, 52-3,........................................................ 54-28, 55-21, 55-64, 55-65,............................................................... 55-66, 57-7, 60-8, 61-3

SEC 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. Friedman, Billings, Ramsey & Co. ............................... 29-14SEC v. Frohna........................................................................... 29-7SEC v. Galleon Mgmt., LP et al. ............................................... 29-4SEC v. Gen. Elec. Co. ...........................................................31A-29SEC 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-20SEC v. Hansen, et al. .............................................. 48A-15, 48A-21SEC v. Henry Morris et al. ...................................................... 55-42SEC v. IBM...........................................................................31A-27SEC v. Int’l Bus. Machs. Corp................................. 49C-52, 49E-42SEC v. ITT Corp...................................................................31A-30SEC 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-23SEC v. Juno Mother Earth Asset Management, LLC, et al. ....15A-52SEC v. Kornman ................................................................... 34B-53SEC v. Kurt Hovan ............................................................... 34B-35SEC v. Mannion ..................................................................... 61-12SEC v. Mark Anthony Longoria et al......................................... 29-3SEC v. Michael L. Smirlock, et al. ........................................... 48-32SEC v. Mondschein................................................................... 15-9

T–8



SEC v. Moran ........................................................................... 20-9SEC v. Nat’l Exec. Planners, Ltd. ................................... 2-25, 38-13SEC v. Nat’l Presto Indus., Inc.................................................. 59-2SEC v. Nat’l Student Mktg. Corp. .........................................34B-56SEC v. Nature’s Sunshine Prods., Inc...................... 31A-28, 31A-36SEC v. Olsen........................................................................... 24-38SEC v. Omnigene Devs., Inc. ................................................34B-53SEC v. Oracle Corp. ................................................ 49C-52, 49E-42SEC v. Oscar H. Meza...........................................................31A-27SEC v. Park ............................................................................... 2-46SEC v. Quadrangle Grp. LLC, et al........................................15A-16SEC v. Ralston Purina Co. ...................................................... 47-27SEC v. Robert W. Philip.........................................................31A-34SEC v. Rorech ......................................................................... 29-20SEC v. Schield Mgmt. Co........................................................ 33-20SEC v. Sharef et al. ...............................................................31A-35SEC v. Si Chan Wooh ...........................................................31A-34SEC v. Sidney Mondschein ...................................................15A-30SEC v. Siemens Aktiengesellschaft........................................31A-19SEC v. SnyamicDaytrader.com LLC, et al................................ 48-32SEC v. Steadman .................................................................... 48-31SEC v. Straub et al. ................................................. 31A-34, 31A-35SEC v. Suter............................................................................ 55-63SEC v. Tex. Gulf Sulphur Co..................................................... 29-6SEC v. Tome ............................................................................. 29-6SEC v. Universal Major Indus. Corp. ...................................... 24-26SEC v. Variable Annuity Life Ins. Co. of Am. ............................ 59-8SEC v. Wall St. Transcript Corp. ............................................. 55-63SEC v. Whittemore ...............................................................34B-53SEC v. W.J. Howey Co............................................................. 47-26SEC v. Yorkville Advisors, LLC et al. ............................ 61-10, 61-11Sec’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 .................................................................... 35-95State 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

(Inv. Adv. Reg., Rel. #5, 6/14) T–9



T

Temple v. Gorman .................................................................. 46-28Thomas v. Metropolitan Life Ins. Co. ....................................... 41-4Tibble v. Edison Int’l...............................................................49A-7TransAmerica 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. .......... 54-14, 54-15, 54-28United States v. Albert Jackson Stanley.................................31A-21United States v. Amaro Goncalves, et al. ..............................31A-26United States v. Arthur Young & Co. ...................................... 24-35United States v. Barnhart...................................................... 34B-52United States v. Bizjet Int’l Sales and Support, Inc................31A-24United States v. Booker................................................ 24-27, 24-45United States v. Butler ..........................................................31A-11United States v. Davila ................................................ 24-27, 24-38United States v. Elliott............................................................48A-3United States v. Haligiannis ................................................... 48-32United States v. Jeffrey Tesler................................................31A-21United States v. Kellogg Brown & Root LLC..........................31A-20United States v. Kozeny, et al................................................31A-10United States v. Kumar & Richards ........................................34B-9United States v. Metcalf & Eddy Int’l, Inc.............................31A-41United States v. Noall.................................................. 24-22, 24-39United States v. Noriega et al....................... 31A-8, 31A-9, 49C-52,

............................................................. 49C-53, 49E-42, 49E-43United States v. O’Hagan ......................................................... 29-7United States v. Panalpina World Transport (Holding) Ltd. ...31A-22United 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-19United States v. Singleton.......................................................34B-9United States v. Snamprogetti Netherlands B.V.....................31A-11United States v. Technip .......................................................31A-22

T–10



United States v. United Shoe Mach. Corp............................... 24-22United States v. Warters............................................... 24-27, 24-38United States v. Wojciech J. Chodan .....................................31A-21Upjohn Co. v. United States ..................24-21, 31-30, 33-21, 34B-9

V

Valicenti Advisory Services, Inc. and Vincent 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

(Inv. Adv. Reg., Rel. #5, 6/14) T–11



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. Morgan and 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,

............................................................................ 48-62, 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) .................................................................. 48-48(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) .......................... 47-40Constellation Fin. Mgmt., LLC

(Jan. 9, 2003) ............................................ 10-6, 49C-14, 49E-30

(Inv. Adv. Reg., Rel. #5, 6/14) T–13



Continental Trading (Jan. 22, 1976) ......................................... 38-8Conway Asset Mgmt., Inc. (Jan. 27, 1989) .................... 7-13, 48-63Copeland 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,............................................................................... 48-45, 57-11

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

(Feb. 2, 2000)...................................................................49B-12George E. Bates (Mar. 26, 1979)................................................ 41-9George E. Bates and Assoc. (Apr. 26, 1979).................. 38-19, 38-21George J. Dippold (May 7, 1990) ..........................................46A-38

(Inv. Adv. Reg., Rel. #5, 6/14) T–15



Gerald 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)............................ 5-6Investment Adviser Ass’n

(Dec. 2, 2005) ...................................................................... 60-7(Sept. 20, 2007) ................................................................. 11-19

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

T–16



Inv. Co. Inst.(Aug. 24, 1987) .................................... 6-10, 7-9, 48-55, 49C-23(Sept. 23, 1988) ........................................6-10, 7-9, 7-10, 48-55(Sept. 12, 2011) ...............................................................15A-14

Investment Company Institute, Investment Counsel Association of 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 Associates LLC (July 6, 2000)................... 7-16, 7-17, 32-5Jennison Assocs. Cap. Corp. (Dec. 2, 1985)...............15A-38, 47-69JMB 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, 48-54J.P. Morgan Securities LLC (Jan. 8, 2013)................................34A-9

(Inv. Adv. Reg., Rel. #5, 6/14) T–17



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 Company Separate Account (July 29, 1983) ..................................... 49B-12

Magnuson, McHugh & Co. (Nov. 13, 1989) ............................. 2-68Managed Funds Association (Feb. 6, 2014) ................15A-39, 47-41Mandell 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

McEldowney Fin. Servs. (Oct. 17, 1986) ..................................... 9-6

T–18



Mercury 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) ............................................. 2-66Nat’l Regulatory Servs., Inc. (Dec. 2, 1992) ................... 32-14, 45-3NationsBanc Inv., Inc. (May 6, 1998) ......................................... 5-6

(Inv. Adv. Reg., Rel. #5, 6/14) T–19



Neuberger & 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) ............................................ 59-20Piette & 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, 11-21Prime 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

T–20



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. (May24, 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, 48-19,

......................................................... 48-67, 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

(Inv. Adv. Reg., Rel. #5, 6/14) T–21



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, 48-50, 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, 48-67, 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

(Inv. Adv. Reg., Rel. #5, 6/14) T–23



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,..........47-33, 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, 54-13§ 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) .........................47-35§ 3(b) ...............................47-35§ 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, 48-38, 49C-30,

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

..................49E-17, 49E-18§ 4(6)...........27-9, 46-24, 48-38§ 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, 54-13§ 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

(Inv. Adv. Reg., Rel. #5, 6/14) T–25



Securities Act Releases

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

Recommendations Regarding Commencement of Enforcement Proceedings and Termination of Investigations (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) ................... 48-347881, 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 Certain Private Investment Vehicles (Dec. 27, 2006) ....................46A-32

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

8998, Enhanced Disclosure and New Prospectus Delivery Option 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 144A Offerings (July 10, 2013)......................................... 47-30, 47-31

9416 (proposed July 10, 2013) ................................................ 47-299497, Proposed Rule Amendments for Small and Additional

Issues Exemptions under Section 3(b) of the Securities Act (Dec. 18, 2013)............................................................ 47-35

(Inv. Adv. Reg., Rel. #5, 6/14) T–27



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§ 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) .........................54-10§ 3(a)(69) ..............54-10, 54-19§ 3(d) ......................54-23, 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-28, 34-14, 34-15,.........34B-63, 35-79, 38-4,..... 46-17, 46-184, 46-185,..... 46-186, 46-187, 48-43,..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 .............................. 47-67§ 15 ......... 46-45, 54-13, 54-21,

...................... 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, 54-25§ 15(b)(4)(B)....... 34A-10, 54-25§ 15(b)(4)(C) ....................54-25§ 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, 54-10,

.....................54-13, 54-25,

...........55-33, 55-35, 55-61§ 15B(a)(1) .............54-2, 54-13,

......................54-23, 54-26§ 15B(b)(2).......................54-29§ 15B(b)(2)(C) ....................54-9§ 15B(c) ...........................54-25§ 15B(c)(1) ...........54-26, 54-27,

......................54-28, 54-29§ 15B(e) .............................55-4§ 15B(e)(2) .......................54-11§ 15B(e)(3) ............54-11, 54-12§ 15B(e)(4) .............54-5, 54-10,

..........54-13, 54-18, 54-19,

.......................54-20, 55-5,

......................55-10, 55-12§ 15B(e)(4)(A) ....................2-70§ 15B(e)(4)(A)(i) ....54-22, 54-27§ 15B(e)(4)(A)(ii) ...54-27, 54-31§ 15B(e)(4)(i)....................54-29§ 15B(e)(4)(ii)...................54-29§ 15B(e)(5) .........................54-9

§ 15B(e)(8)................ 54-8, 55-4§ 15B(e)(9)......................... 54-7§ 15B(e)(10)....................... 54-8§ 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-29, 31A-36, 35-69§ 20(e) .............................23A-5§ 20A ................... 29-10, 48-43§ 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, 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,

(Inv. Adv. Reg., Rel. #5, 6/14) T–29



......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 .............................. 47-67

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 and Mining 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) ............. 48-3311,203 (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 Securities Exchanges 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, 57-12

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

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

T–30



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 of Cooper ’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-38

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 of W.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) ................ 48-3442,968, 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-1844,283, In the Matter of Guy P. Wyser-Pratte, Wyser-Pratte Mgmt.

Co., Inc. and Wyser-Pratte and Co., Inc. (May 9, 2001)...... 29-13

(Inv. Adv. Reg., Rel. #5, 6/14) T–31



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 of Section 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 and Securities and Exchange Commission, Customer Identification 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 Be Investment Advisers (Apr. 15, 2005) .................................... 43-3

51,761, In the Matter of Smith Barney Fund Management 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 Exchange Act 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 Exchange Act of 1934 (July 24, 2006) .................... 46-121, 46-123, 46-126

54,861, In the Matter of Jefferies & Co., Inc. and Scott 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

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

57,680, Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions (Apr. 17, 2008)................................................... 15-10

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) .................................................................... 29-1159,916 (May 13, 2009) .........................................................34B-6359,740, In the Matter of Woodbury Financial Services

(Apr. 9, 2009)....................................................................... 15-660,351, 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) .............................................................. 2-3362,824 (Sept. 1, 2010) .............................................................. 54-463,010 (Sept. 29, 2010) ........................................... 46-119, 46-12063,237, SEC Proposed Rules for Implementing the

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

(Inv. Adv. Reg., Rel. #5, 6/14) T–33



63,576, Registration of Municipal Advisors (Dec. 20, 2010) ........................................................... 2-71, 54-3

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-2964,220, 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-2864,442, 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 Act of 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 of Section 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., and Reed 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) .............................59-8§ 2(a)(9) .............. 15A-37, 27-9,

........................47-69, 59-7§ 2(a)(19) .........................42-23§ 2(a)(20) .........2-4, 27-9, 55-50§ 2(a)(38) .........................48-27§ 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,

.................. 48-12, 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) ................. 59-2§ 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, 48-13,

.......... 48-14, 48-18, 48-24,

........48-27, 48-36, 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§ 3(c)(5)(C) .........45B-3, 45B-12

(Inv. Adv. Reg., Rel. #5, 6/14) T–35



§ 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, 47-37, 47-38,..........47-39, 47-42, 47-43,..........47-44, 47-45, 47-48,..........47-49, 47-57, 48-13,..........48-18, 48-24, 48-27,....... 48-36, 48-59, 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, 48-18, 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§ 18(g)............................. 42-26§ 19 ................................ 47-37§ 22 ................................ 55-38§ 22(b).................... 42-5, 42-27

T–36



§ 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, 47-39§ 49................................. 42-30§ 54......................... 3-6, 35-10,

...........46-60, 46A-5, 48-18

Investment Company Act Releases

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

2576 (Jan. 4, 2007)................................................................. 48-364595, Investors Mutual, Inc. (May 11, 1966).......................... 47-685847, 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 Outside the United States of Shares of Registered Open-End Investment 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) ......... 47-4222,579, Status of Investment Advisory Programs Under

the Investment Company Act of 1940 (Mar. 24, 1997) ...................................................... 43-9, 49C-22

(Inv. Adv. Reg., Rel. #5, 6/14) T–37



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 of Directors with Respect to Investment Adviser Portfolio Trading Practices (July 30, 2008).............................. 17-2, 17-14,............................................................................... 17-15, 17-18

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

T–38



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

29,776, Use of Derivatives by Investment Companies under 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,.........47-69, 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,............61-7, 61-10, 61-15,........................61-17, 61-8

§ 2.05(a) ..........................48-13§ 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, 47-68§ 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, 59-8§ 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, 59-5§ 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§ 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

(Inv. Adv. Reg., Rel. #5, 6/14) T–39



§ 202(a)(11)(F) .......2-48, 38-11,........................59-3, 59-17

§ 202(a)(11)(G) .................2-47,..................... 46A-25, 59-5

§ 202(a)(12) .......................59-7§ 202(a)(17) ...............5-8, 5-10,

........................48-6, 48-68§ 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, 48-38§ 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,

...........48-25, 48-26, 48-27§ 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, 48-11, 48-14,

........ 48A-25, 51-26, 56-14§ 203(a) .............. 48-18, 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, 48-29, 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,

.... 48-17, 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, 59-6,

..................... 59-18, 59-20§ 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§ 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,

.... 48-21, 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,

T–40



........... 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) ..................59-7§ 203A(b)(1)(b) ..................59-8§ 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, 48-14,

....... 49C-21, 51-20, 51-26,

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

........ 46-85, 46A-21, 48-29§ 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, 48-43, 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,...... 48-11, 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)..................... 47-68§ 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§ 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,

........48-29, 48-30, 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,

(Inv. Adv. Reg., Rel. #5, 6/14) T–41



..........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, 48-30,

..........48-31, 48-34, 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, 48-30,

..........48-31, 48-34, 48-35,

.......48-36, 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, 48-30,

....... 48-45, 48-46, 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,

......... 48-35, 48-36, 48-47,

....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,

....... 48-14, 49C-8, 49E-25§ 208.................... 48-15, 48-27§ 208(a)............................. 4-30§ 208(d)........ 2-50, 2-61, 10-16,

..................34A-13, 48-69,

.......... 51-12, 51-18, 59-20§ 209............................... 34-14§ 209(b)............................. 33-3§ 209(d)........................... 34-13§ 209(e) ........................... 34-13§ 209(f) ...........................23A-5§ 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

T–42



§ 222(d) ............1-15, 1-18, 2-4,............3-15, 35-11, 35-12,........ 35-29, 46A-11, 48-28

§ 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-2540, 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-2554, In the Matter of Roosevelt & Son (Aug. 31, 1949)...........46A-2558, 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).................................................................. 2-62455 (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, 55-61

(Inv. Adv. Reg., Rel. #5, 6/14) T–43



664, Investment Adviser Requirements Concerning Disclosure, Recordkeeping, Applications for Registration and Annual Filings (Jan. 30, 1979)......................................................15A-16

688, Requirements Governing Payments of Cash Referral Fees 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 Gains Upon 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, 48-331083 (Sept. 25, 1987) ...................................................... 4-28, 4-291092, Applicability of the Investment Advisers Act to

Financial Planners, Pension Consultants, and Other Persons Who Provide Investment Advisory Services as 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 Financial Planners, Pension Consultants, and Other Persons Who Provide Investment Advisory Services as a Component ofOther Financial Services (Oct. 16, 1987).............. 49C-4, 49E-23

T–44



1093, Investment Advisers (Nov. 5, 1987) ................................ 7-161095, In re John Guira, et al. (Nov. 13, 1987)......................... 48-331105, 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, 48-31, 55-731396, In re Kingsley, Jennison, McNulty &

Morse, Inc., et al. (Dec. 23, 1993).................... 44-5, 48-31, 61-31406, Suitability of Investment Advice Provided by

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

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

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

1423, In re Edgemont Asset Mgmt. Corp. and Bowling 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) ....... 48-33

(Inv. Adv. Reg., Rel. #5, 6/14) T–45



1447, In re Chancellor Capital Mgmt., Inc., Parag Saxena, and James A. Long IV (Oct. 18, 1994).......... 27-21, 48-33, 55-77

1452, In the Matter of Credit Suisse Asset Management, Inc. (Nov. 16, 1994)..................................... 55-75

1457, In re Gabelli & Co. and GAMCO Investors, Inc. (Dec. 8, 1994) ......................................................... 24-41, 27-17

1468, In re Thomas J. Bowne (Feb. 10, 1995) ......................... 48-331469 (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) ................................................................. 48-321527, In re Roger W. Honour (Sept. 29, 1995).............. 27-21, 48-331529, In re Account Mgmt. Corp., et al.

(Sept. 29, 1995) ...................................................... 19-19, 48-331538, Feldman Investment Group, Inc. (Nov. 27, 1995) ........... 19-51539, In re John J. Kaweske (Nov. 27, 1995) ................ 27-22, 48-331545, 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) ...... 43-121562, Use of Electronic Media by Broker-Dealers, Transfer

Agents, and Investment Advisers for Delivery of Information (May 9, 1996) .........................15A-19, 19-12, 40-9,.............................................................. 46-67, 46A-39, 46A-47,............................................................... 49C-12, 49E-29, 55-59

1568, In the Matter of Portfolio Mgmt. Consultants, Inc.(June 27, 1996) ............................................ 40-10, 43-11, 48-34

1571, In re McKenzie Walker Investment Mgmt., Inc.,et al. (July 16, 1996) ........................... 19-19, 20-8, 48-33, 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)........ 48-331584, 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)................ 48-33

T–46



1614, In re Oakwood Counselors, Inc. and Paul J. Sherman (Feb. 10, 1997) .............................. 17-20, 48-33

1632, In re Russell W. Stein, Ford D. Albritton, Jr., and Dover & Assocs., Inc. (May 9, 1977) ............................... 5-2

1633, 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) .................................................................. 48-32

1648, In re First Capital Strategists, et al. (Aug. 15, 1997) .................................................................. 48-32

1654, In re Mitchell Hutchins Asset Mgmt., Inc. (Sept. 2, 1997) ................................................................... 48-32

1666, In re Stephens, Inc. (Sept. 16, 1997) .................... 19-9, 57-111681 (Nov. 13, 1997)....................................................... 3-11, 3-171682 (Nov. 13, 1997).............................................................. 10-211688, In re Renaissance Capital Advisors, Inc. and

Richard N. Fine (Dec. 22, 1997) ........................................ 17-201717, In re Reservoir Capital Management, Inc.

(Apr. 24, 1998).............................................................. 6-5, 6-151731, Exemption to Allow Investment Advisers to

Charge Fees Based Upon a Share of Capital Gains Upon 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 Advisers to Charge Fees Based Upon a Share of Capital Gains Upon 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 Investment Advisers 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)....................... 48-321763, In re FinArc, LLC (Sept. 29, 1998) ......................... 4-30, 6-15

(Inv. Adv. Reg., Rel. #5, 6/14) T–47



1764, In re Profitek, Inc. and Edward G. Smith (Sept. 29, 1998) ............................................................ 6-15, 7-8

1767, In re ABN AMRO-NSM International Funds Management, B.V. (Sept. 30, 1998) ...................................... 19-5

1772, In the Matter of O’Brien Partners, Inc. (Oct. 27, 1998) .............................................. 2-68, 55-15, 55-72

1774, In re Valicenti Advisory Services and Vincent R. Valicenti (Nov. 18, 1998) ........................... 4-29, 6-13

1775, 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-451819, In re Van Kampen Investment Advisory Corp.

and Alan Sachtleben (Sept. 8, 1999)............................ 7-5, 48-321821, In re Fleet Investment Advisors, Inc. (Sept. 9, 1999)..... 48-341825, 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)...................................... 48-331841, In re Marvin & Palmer Assocs., et al.

(Sept. 30, 1999) ................................................................. 48-331843, 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 the Matter of Scudder Kemper Investments, Inc.

and Gary Paul Johnson (Dec. 22, 1999) .................. 24-16, 48-321849, In the Matter of Michael T. Sullivan, III

(Dec. 22, 1999) ....................................................... 24-16, 48-321862 (Apr. 5, 2000) ........................................1-24, 4-4, 4-11, 4-16,

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

(Apr. 6, 2000)................................................. 2-68, 48-33, 55-161870, In re The Dreyfus Corporation and

Michael L. Schonberg (May 10, 2000) .............. 7-5, 48-32, 48-33

T–48



1872, In re Schield Management Company et al. (May 31, 2000) ...............................................7-4, 7-7, 7-8, 7-22

1879, In re Founders Asset Mgmt., LLC, et al. (June 15, 2000) .................................................................. 48-34

1880, In the Matter of Owen-Joseph Asset Mgmt. Corp., et al. (June 15, 2002)............................................... 40-10

1882, 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 Financial Information (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, 48-33

1895, In re F.W. Thompson Co., Ltd., et al. (Sept. 7, 2000) ............................................... 20-8, 20-11, 48-33

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, Bear Creek Inc. (Mar. 9, 2001) ....................................46A-251932, 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-Pratte and 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).......................... 48-321978, 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) ................................................................. 48-341991, In the Matter of F.X.C. Investors Corp., and

Francis Curzio (Oct. 18, 2001) ............................................. 6-16

(Inv. Adv. Reg., Rel. #5, 6/14) T–49



1994, In the Matter of IMS/CPAs & Associates, Vernon T. Hall, Stanley Hargrave, and Jerome B. Vernazza (Nov. 5, 2001) ...... 5-5

2001, In re Cambridge Equity Advisors, Inc. and Michael E. Goldston (Dec. 12, 2001) ................................... 6-15

2002, In re Market Timing Systems, Inc., Gregory Meadors and Mark Shinnick (Dec. 14, 2001) ..................................... 6-15

2010, 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 the Matter of Portfolio Advisory Servs., LLC, et al.

(June 20, 2002) ....................................................... 40-10, 48-342047, In re Market Timing Systems, Inc. et al.

(Aug. 28, 2002) ............................................................... 7-7, 7-82064, In the Matter of Renberg Capital Management, Inc.

and Daniel H. Renberg (Oct. 1, 2002) ................................ 57-112079, 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-972125, 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) ................................................................... 48-32

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 of Clients 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

T–50



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 Interactive Data 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 and Robert A. Littell (Dec. 15, 2003) ...........................46A-61, 57-12

2204, Final Rule: Compliance Programs of Investment Companies 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-52205, 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) .................................................................. 48-34

2278, Certain Broker-Dealers Deemed Not to Be Investment 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 Certain Hedge 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 Be Investment 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

(Inv. Adv. Reg., Rel. #5, 6/14) T–51



2376, Certain Broker Dealers Deemed Not to Be Investment Advisers (Apr. 15, 2005) .................................... 43-3

2376, Certain Broker-Dealers Deemed Not to Be Investment 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) ...................... 48-322457, 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, 44-122514, Hutchens Investment Management, Inc. and

William Hutchens (May 9, 2006).......................................15A-82520, In re Capital Works Investment Partners, LLC, et al.

(June 6, 2006) ............................................................. 6-4, 33-272628, Prohibition of Fraud by Advisers to Certain Pooled

Investment Vehicles(Aug. 3, 2007) ............................................. 46-95, 49C-8, 55-30(Sept. 10, 2007) .................................................. 48A-3, 48A-11,

...................................................48A-12, 48A-22, 48A-232634, In re Quattro Global Capital, LLC

(Aug. 15, 2007) ............................................................... 49C-502652, Interpretive Rule Under the Advisers Act

Affecting Broker-Dealers (Sept. 24, 2007)..... 39-22, 39-23, 39-242652 (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 Personal Information (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

2761, In the Matter of Pax World Management, Corp. (July 30, 2008) ..................................................................... 12-3

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 Enters., Inc. (Oct. 17, 2008) ........ 59-3

T–52



2872, In the Matter of INTECH Inv. Mgmt. LLC and David E. Hurley (May 7, 2009) .......................... 15A-43, 46A-98

2876 (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) .................................................................... 40-102950, Final Model Privacy Form under the

Gramm-Leach-Bliley Act (Nov. 16, 2009).........................15A-222968, Custody of Funds or Securities of Clients by

Investment 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 Independent Public Accountant Engagements Performed Pursuant to Rule 206(4)-2 Under the Investment Advisers Act of 1940 (Dec. 30, 2009) ........................................11-25, 46A-94

3043, Political Contributions by Certain Investment Advisers (June 30, 2010) ......................................... 55-21, 55-22

3043, Political Contributions by Certain Investment Advisers (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 Asset Mgmt., Inc. (Sept. 29, 2010) .............................. 48A-25, 48A-26

3098 (Oct. 10, 2010) ..................................................... 59-6, 59-123098 (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-17

(Inv. Adv. Reg., Rel. #5, 6/14) T–53



3145, 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, 46-156, 48-16

3149, In the Matter of AXA Rosenberg Group, LLC (Feb. 3, 2011).............................................. 22-4, 48A-7, 48A-26

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, 59-7, 59-9,

........................................................ 59-11, 59-12, 59-13, 59-14,

......................................................... 59-15, 59-17, 59-20, 59-213221 (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, 49C-13, 50-9,....................................................52-7, 52-9, 52-13, 57-4, 57-13

3222, Exemptions for Advisers to Venture Capital Funds, Private Fund Advisers With Less Than $150 Million in Assets 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, 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 and Commodity 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) ......... 40-16

T–54



3372, Investment Adviser Performance Compensation (Feb. 15, 2012)....................................... 10-22, 15A-39, 15A-40,.......................................................37-5, 46A-110, 47-58, 48-12

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)................................................................... 52-93408, Quantek Asset Mgmt., LLC, et al.

(May 29, 2012) .....................................48A-15, 48A-16, 48A-173416, In re David Mark Bunzel (June 7, 2012)........................ 61-113418, Political Contributions by Certain Investment

Advisers: Ban on Third-Party Solicitation; Extension of 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 Capital Management, Inc. (July 20, 2013) ....................................15A-55

(Inv. Adv. Reg., Rel. #5, 6/14) T–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-133719, In re Agamas Capital Management, LP

(Nov. 19, 2013) ....................................................... 61-16, 61-173727, In the Matter of Tri-Star Advisors, Inc.,

William T. Payne, and Jon C. Vaughan (Nov. 26, 2013) ....15A-493747, In the Matter of Jim Poe & Associates, Inc.

(Dec. 24, 2013) ................................................................15A-393785, In the Matter of Clean Energy Capital, LLC and

Scott A. Brittenham (Feb. 25, 2014) .................................15A-4831,308, Reporting by Investment Advisers to Private Funds

and Certain Commodity Pool Operators and Commodity Trading Advisers on Form PF (Oct. 31, 2011) ....................... 46A-75, 46A-78, 46A-81, 46A-87

T–56

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