The document discusses the tax implications and regulatory matters related to the Access Fund, including the lack of IRS rulings, the need for investors to consult tax advisors, and the unregistered status of the Interests under the Securities Act of 1933. It also details a settlement involving Raymond James related to auction rate securities.
documents/vol00010-efta01355005-pdf.pdf
{"key_people":["Raymond James"],"document_type":"correspondence","key_locations":["Puerto Rico","Virgin Islands","District of Columbia"],"document_subtype":"legal memorandum","key_organizations":["Pacific Life Insurance Co","Raymond James Financial Services, Inc.","Securities and Exchange Commission"],"reference_numbers":["DB-SDNY-0039685","SDNY_GM_00185869","EFTA01355005"]}