[Federal Register Volume 62, Number 122 (Wednesday, June 25, 1997)]
[Notices]
[Pages 34314-34315]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-16669]
-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Pension and Welfare Benefits Administration
Working Group Studying Soft Dollar Arrangements and Commission
Recapture; Advisory Council on Employee Welfare and Pension Benefits
Plans; Notice of Meeting
Pursuant to the authority contained in Section 512 of the Employee
Retirement Income Security Act of 1974 (ERISA), 29 U.S.C. 1142, a
public meeting will be held July 16 of the Advisory Council on Employee
Welfare and Pension Benefit Plans Working Group formed to study Soft
Dollar Arrangements and Commission Recapture.
The session will take place in Room N-5437 A&B, U.S. Department of
Labor Building, Second and Constitution Avenue, NW, Washington, D.C.
20210. The purpose of the all-day open meeting, which will run from
9:30 a.m. to approximately noon and from 1:00 p.m. until approximately
3:30 p.m., is for Working Group members to take testimony from members
of the financial community discussing their views on soft dollar and
directed brokerage practices. Most testimony will be favorable to
continuing the current practice with disclosure to clients. Already
scheduled to appear is Ronald Machold from the New Jersey Investment
Board, who will discuss soft dollar usage in a large internally-managed
pension system.
Members of the public are encouraged to file a written statement
pertaining to any topic concerning ERISA by submitting 20 copies on or
before July 7, 1997, to Sharon Morrissey, Executive Secretary, ERISA
Advisory Council, U.S. Department of Labor, Room N-
[[Page 34315]]
5677, 200 Constitution Avenue, NW, Washington, D.C. 20210. Individuals
or representatives of organizations wishing to address the Working
Group on Soft Dollar Arrangements and Commission Recapture should
forward their request to the Executive Secretary or telephone (202)
219-8753. Oral presentations will be limited to 10 minutes, but an
extended statement may be submitted for the record. Individuals with
disabilities, who need special accommodations, should contact Sharon
Morrissey by July 7, at the address indicated in this notice.
Organizations or individuals may also submit statements for the
record without testifying. Twenty (20) copies of such statements should
be sent to the Executive Secretary of the Advisory Council at the above
address. Papers will be accepted and included in the record of the
meeting if received on or before July 7.
Signed at Washington, D.C. this 18th day of June, 1997.
Olena Berg,
Assistant Secretary, Pension and Welfare Benefits Administration.
[FR Doc. 97-16669 Filed 6-24-97; 8:45 am]
BILLING CODE 4510-29-M
