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5/3/2004: Text of SEC Letter Responding to Hard 4PM Close (ERISA Industry Committee)
Excerpt: Attached is a response from SEC Chairman William Donaldson to a March 22 letter signed by several members of the House of Representatives that outlined potential problems for retirement plans and participants if the SEC were to implement its proposed 'hard 4pm' cut off for receipt of mutual fund purchase and redemption orders.
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