sec news dinesf
July 27, '9.9
RULES AND RELATED MAmRS
COMMENTS REQUESTED ON PROPOSED RULE 12d1-1
The Comission is proposing for public comment Rule 12d1-1 under the Investment Company
Act of 1940. Proposed Rule 12d1-1 would provide an exemption from the limitatiens
imposed by Section 12(d)(1)(A) of that Act for acquisitions of securities of foreign
banks and foreign insurance companies by registered investment companies.
Comments should be submitted in triplicate to Jonathan A. Katz, Secretary, Securities
and Exchange Commission, 450 5th Street, NW, Mail Stop 6-9, Washington,
Comments must be received within 60 days after the release is published in the Federal
Register, and should refer to File No. S7-20-89.
All submissions will be avaIlable
for inspection in the Public Reference Room.
FOR FURTHER INFORMATION CONTACT:
Ann M. Glickman at (202) 272-3042
FIRST ANNIVERSARY OF FLORIDA PENNY STOCK TASK FORCE
The Atlanta Regional and Miami Branch Offices announce the first anniversary of the
Florida Penny Stock Task Force.
On July 11, the Miami Branch Office held its fifth
quarterly meeting of the Task Force in Miami.
The Task Force is comprised
from the National Association
Securities Dealers, Inc. Districts No. 7 (Atlanta, Georgia) and No. 3 (Denver, Colo-
rado), the Anti-Fraud
Section of the NASD (Washington, DC), Florida Division of
Securities, Georgia Secretary of State's Office, Federal Bureau of Investigation,
United States Attorney's Office, Internal Revenue Service-Criminal
sion, and the Commission's Miami Branch, Atlanta Regional, Chicago Regional, and New
and the Divisions
and Market Regulation.
The purpose of the meeting was to report on the first year's activities of the Task
Force, to consider new methods of continuing public education about penny stock fraud,
to discuss criminal law enforcement activities, regulatory activit