[Federal Register Volume 68, Number 147 (Thursday, July 31, 2003)]
[Notices]
[Pages 44977-44978]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-19614]


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SECURITIES AND EXCHANGE COMMISSION


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 
August 4, 2003:
    Closed Meetings will be held on Tuesday, August 5, 2003 at 2 p.m. 
and Thursday, August 7, 2003 at 11 a.m., and Open Meetings will be held 
on Wednesday, August 6, 2003 at 10 a.m. and Thursday August 7, 2003 at 
10 a.m.
    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)(3), (5), (6), (7), (9)(B) and (10) and 17 CFR 
200.402(a)(3), (5), (6), (7), (9)(ii) and (10), permit consideration of 
the scheduled matters at the Closed Meetings.
    The subject matter of the Closed Meeting scheduled for Tuesday, 
August 5, 2003 will be:

Institution and settlement of administrative proceedings of an 
enforcement nature;
Institution and settlement of injunctive actions;
Formal Orders; and
Adjudicatory matter.

    The subject matter of the Open Meeting scheduled for Wednesday, 
August 6, 2003 will be:
    The Commission will consider whether to propose amendments to Item 
7 of Schedule 14A under the Exchange Act of 1934. The amendments would 
require expanded disclosure related to the operation of board 
nominating committees and new disclosure concerning security holder 
communications with board members.
    For further information, please contact Lillian Cummins, Division 
of Corporation Finance, at (202) 942-2900.
    The subject matter of the Open Meeting scheduled for Thursday, 
August 7, 2003 will be:
    The Commission will hear oral argument on an appeal by Carroll A. 
Wallace, C.P.A. from the decision of an administrative law judge. 
During the period covered by this Commission proceeding, Wallace was a 
partner in the Denver, Colorado office of the accounting firm of KMPG 
LLC.
    Wallace has appealed the law judge's findings that Wallace 
recklessly engaged in improper professional conduct in violation of the 
Commission's Rule of Practice 102(e), 17 U.S.C. 201.102(e), with 
respect to KMPG's audits of The Rockies Fund, an investment company, 
for the years 1994 and 1995.
    Among the issues likely to be argued are:

1. Whether respondent recklessly engaged in improper professional 
conduct; and
2. If respondent did recklessly engage in improper professional 
conduct, whether sanctions should be imposed in the public interest.

    The subject matter of the Closed Meeting scheduled for Thursday, 
August 7, 2003 will be: Post-argument discussion.
    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

[[Page 44978]]

added, deleted, or postponed, please contact the Office of the 
Secretary at (202) 942-7070.

    Dated: July 29, 2003.
Jonathan G. Katz,
Secretary.
[FR Doc. 03-19614 Filed 7-29-03; 11:41 am]
BILLING CODE 8010-01-P