The document discusses the tax implications and regulatory matters related to investing in the Access Fund. It highlights the lack of IRS rulings, the need for investors to consult tax advisors, and the unregistered status of the Interests under the Securities Act. It also discloses past regulatory issues involving Raymond James related to auction rate securities.
doj/DataSet10/EFTA01392024.pdf
{"key_people":["Glenn Warren","Raymond James"],"document_date":"2011","document_type":"correspondence","key_locations":["Puerto Rico","Virgin Islands","District of Columbia"],"document_subtype":"legal memorandum","key_organizations":["IRS","Securities and Exchange Commission","Raymond James Financial Services, Inc."]}