SEC Open Meeting Agenda
Wednesday, December 22, 2004

Agenda as of December 21, 2004. Note that Open Meeting agendas are subject to last-minute changes.

1. The Commission will consider a staff recommendation regarding the application of the Investment Advisers Act of 1940 to certain broker-dealers. (See Proposing Release, Certain Broker-Dealers Deemed Not to be Investment Advisers, Investment Advisers Act Release No. 1845 (Nov. 4, 1999) [64 FR 61226 (Nov. 10, 1999)], and Release Reopening Comment Period, Investment Advisers Act Release No. 2278 (Aug. 19, 2004) [69 FR 51620 (Aug. 20, 2004)]).

For further information, please contact Robert Tuleya, Senior Counsel, Division of Investment Management, at (202) 942-0719.