Additional forme may be obtained from the Securities and Exchange Commission, Special Study of Securities Markets, 425 Second Street N. W., Washington 25, D. C. or New York Regional Office, Securities and Exchange Commission, 225 Broadway, New York 7, New York. If you wish to prepare your responses on your own form, care should be taken to include all information requested herein. Under the provisions of Public Law 87-196, approved by the President on September 5, 1961, the Commission is authorized and directed to make a study and investigation of the securities markets and rules and practices relating thereto. The Commission has adopted an order of investigation authorizing members of its staff assigned to the Special Study of Securities Markets to conduct the study and investigation pursuant to Public Law 87-196. Your cooperation is requested in completing the attached questionnaire which is being sent to you (and other broker-dealers who participated in the distribution or trading of a selected group of new issues) pursuant to that order of the Commission. The purpose of the questionnaire is to obtain relevant data as to policies and practices, and possible problems, in connection with the distribution and trading of new issues. The fact that you have received this questionnaire is not to be construed as a reflection upon your firm or anyone connected with it; indeed the questionnaire is intended to cover a broad spectrum of brokerdealers associated with issues of various types. Nor should any question about a particular action or course of conduct on your part be construed to mean that it either is or is not deemed by the Commission to have been a lawful, proper or otherwise desirable one. Certain questions are factual in nature; others ask for your comments and opinions. If the conclusions reached by this Study are to be sound ones, it is essential that all questions be answered fully and carefully. We must also ask you to cooperate by submitting your reply not later than January 20, 1962. Sincerely yours, until Nolan Milton H. Cohen Director Attachment Note: Wherever the term "underwriter" is used in this Effective Date of Registration Statement: INSTRUCTIONS Every question on this questionnaire should be answered in full. If there is no information to report or if the question is not applicable, you should answer "None" or "Not Applicable". If the space provided for any answer is insufficient, the complete answer should be prepared on a separate sheet to be attached to the questionnaire and identified as "Answer to Question ". Your attention is directed to the provisions of Title 18, U.S.C., Section 1001, which makes it a criminal offense to submit false information to a federal government agency. You may answer any question on this questionnaire by appropriate cross-reference to information supplied in response to another question. The completed questionnaire together with appended forms should be returned to: Securities and Exchange Commission, Special Study of Securities Markets, Washington 25, D. c. Company: DEFINITIONS The term "company" as used in this questionnaire refers to your company and/or any selling shareholder named in the registration statement, as the context may require. 1. With respect to the subject offering, state briefly and specifically the manner and circumstances by which your company initially came in contact with the underwriter. If the initial contact was through a third person, supply such person's name; his relationship, if any, to your company or to the underwriter; and the approximate date of the initial contact. If the initial contact with the underwriter was preceded by negotiations with other underwriters, state the names of such other underwriters and indicate the extent of such prior negotiations. |