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<p>MADISON, Wis. – CUNA Mutual Group has invited NACUSO, NASCUS, NAFCU and CUNA to a “put our heads together” meeting on May 23 at the National Press Club in Washington, D.C. to discuss a strategy to collectively address the SEC on extending CUSOs’ license exemption that was granted them under the Chubb Securities letter in 1993. A CMG spokesperson said the meeting is a follow-up to CUNA’s and NACUSO’s meetings with the SEC to discuss what steps might be taken collectively, or individually. The spokeperson stressed that the meeting “isn’t necessarily a decision-making session.” Linsco/Private Ledger (LPL), an investment advisor and portfolio management company, has also been invited to attend the meeting. NACUSO General Counsel Guy Messick of the law firm of Lastowka & Messick PC said he will attend, as will CMG’s Rob Rush, vp and deputy general counsel, who specializes in compliance, and Kevin Thompson, vp and deputy general counsel, who specializes in securities. NASCUS representatives attending will include President Doug Duerr; Vice President, National Advocacy Jonathan Lindley; and Director of Legal and Policy Analysis Brian Knight. Representing NAFCU at the meeting will be President/CEO Fred Becker; Director of Regulatory Affairs Gwen Baker; and Senior VP Bill Donovan. Jeff Bloch, associate general counsel for CUNA said the association was unsure if it would have any representatives at the meeting.</p>

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