The document is an investment memorandum for prospective limited partners in the Access Fund, outlining U.S. federal income tax considerations and regulatory matters. It discusses 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 the settlement of allegations against Raymond James Financial Services related to auction rate securities.
doj/DataSet10/EFTA01392384.pdf
{"key_people":["Patrick Gerschel"],"document_date":"2011","document_type":"legal","key_locations":["United States","Puerto Rico","Virgin Islands","District of Columbia"],"document_subtype":"investment memorandum","key_organizations":["Access Fund","Raymond James Financial Services","Securities and Exchange Commission"]}