The document is an investment memorandum for the Access Fund, discussing U.S. federal income tax rules, regulatory matters, and the offering of Interests under the Securities Act of 1933. It highlights the lack of registration for the offer and sale of Interests, reliance on exemptions, and the requirement for investors to be accredited. It also discloses past regulatory issues with Raymond James, a Placement Agent, related to auction rate securities.
documents/vol00010-efta01354646-pdf.pdf
{"key_people":["Raymond James"],"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, Inc.","Securities and Exchange Commission"],"reference_numbers":["DB-SDNY-0039241","SDNY_GM_00185425","EFTA01354646"]}