[Federal Register Volume 62, Number 143 (Friday, July 25, 1997)]
[Notices]
[Page 40127]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-19838]


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SECURITIES AND EXCHANGE COMMISSION


Agency Meetings; Sunshine Act Meeting

    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 
July 28, 1997.
    Open meetings will be held on Tuesday, July 29, 1997, at 10:00 
a.m., and on Thursday, July 31, 1997, at 10:00 a.m. Closed meetings 
will be held on Tuesday, July 29, 1997 following the 10:00 open 
meeting, and on Thursday, July 31, 1997, following the 10:00 a.m. open 
meeting.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the closed meetings. 
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 the closed meetings.
    Commissioner Hunt, as duty officer, voted to consider the items 
listed for the closed meetings in a closed session.
    The subject matter of the open meeting scheduled for Tuesday, July 
29, 1997, at 10:00 a.m., will be:
    The Commission will hear oral argument on appeal by the Division of 
Enforcement from an administrative law judge's decision in the matter 
of Ferdinand Russo and Russo Securities, Inc. For further information, 
please contact Rachel H. Graham at (202) 942-0975.
    The subject matter of the closed meeting scheduled for Tuesday, 
July 29, 1997, following the 10:00 a.m. open meeting, will be:
    Post oral argument discussion.
    The subject matter of the open meeting scheduled for Thursday, July 
31, 1997, at 10:00 a.m., will be:
    Consideration will be given to whether to adopt amendments to rule 
10f-3 under the Investment Company Act of 1940. The amendments to rule 
10f-3 would permit registered investment companies that have certain 
affiliated relationships with an underwriter to purchase a greater 
percentage of an offering of securities during the existence of an 
underwriting or selling syndicate. The amendments also would permit 
these investment companies to purchase securities in certain foreign 
offerings and offerings of unregistered securities. For further 
information, please contact C. Hunter Jones at (202) 942-0690.
    The subject matter of the closed meeting scheduled for Thursday, 
July 31, 1997, following the 10:00 a.m. open meeting, will be:
    Institution of injunctive actions.
    Institution and settlement of administrative proceedings of an 
enforcement nature.
    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: The office of the Secretary at (202) 942-7070.

    Dated: July 23, 1997.
Jonathan G. Katz,
Secretary.
[FR Doc. 97-19838 Filed 7-23-97; 3:49 pm]
BILLING CODE 8010-01-M