SEC Investment Company Act Order: AmericaFirst Quantitative Trust and AmericaFirst Securities

Order granting the requested exemptions, effective immediately, from (i) Investment Company Act Sections 2(a)(32),2(a)(35), 14(a), 19(b), 22(d) and 26(a)(2)(C), and Rules19b-1and 22c-1 thereunder, and (ii) Sections 11(a) and 11(c) of the Act for approval of certain exchange and rollover privileges.

This order permits certain unit investment trusts to:

• Impose sales charges on a deferred basis and waive the deferred sales charge in certain cases;
• Offer unitholders certain exchange and rollover options;
• Publicly offer units without requiring the depositor to first purchase $100,000 worth of units; and
• Distribute capital gains resulting from the sale of portfolio securities within a reasonable time after receipt.

View release in full here (links externally to SEC website).See also:July 16, 2012 news entry (notice of application).