[Federal Register Volume 59, Number 47 (Thursday, March 10, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-5806]


[[Page Unknown]]

[Federal Register: March 10, 1994]


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SECURITIES AND EXCHANGE COMMISSION

Agency Meetings

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Pub. L. 94-409, that the Securities and 
Exchange Commission will hold the following meetings during the week of 
March 14, 1994.
    A closed meeting will be held on Tuesday, March 15, 1994, at 2:30 
p.m. An open meeting will be held on Wednesday, March 16, 1994, at 10 
a.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the closed meeting. 
Certain staff members who have an interest in the matters may also be 
present.
    The General Counsel of the Commission, or his designee, has 
certified that, in his opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(4), (8), (9)(A) and (10) and 17 CFR 200.402(a)(4), 
(8), (9)(i) and (10), permit consideration of the scheduled matters at 
a closed meeting.
    Commissioner Roberts, as duty officer, voted to consider the items 
listed for the closed meeting in a closed session.
    The subject matter of the closed meeting scheduled for Tuesday, 
March 15, 1994, at 2:30 p.m., will be:

    Institution of injunctive actions.
    Institution of administrative proceedings of an enforcement 
nature.
    Settlement of administrative proceedings of an enforcement 
nature.
    Opinions.

    The subject matter of the open meeting scheduled for Wednesday, 
March 16, 1994, at 10 a.m., will be:

    Consideration of whether to propose for public comment two new 
rules and rule amendments under the Investment Advisers Act of 1940. 
The first rule would expressly prohibit investment advisers from 
making unsuitable recommendations to clients. The second rule would 
prohibit registered investment advisers from exercising investment 
discretion with respect to client accounts unless they have a 
reasonable belief that the custodians of those accounts send account 
statements to the clients no less frequently than quarterly. Related 
amendments to recordkeeping rule under the Advisers Act also would 
be proposed. For further information, please contact Robert E. Plaze 
or W. Thomas Conner at (202) 272-2107.

    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items. For further information and to 
ascertain what, if any, matters have been added, deleted or postponed, 
please contact: Carrie Dwyer (202) 272-2000.

    Dated: March 8, 1994.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-5806 Filed 3-8-94; 3:56 pm]
BILLING CODE 8010-01-M