A high concentration of insurance companies in the state and a desire by Connecticut attorneys specializing in investment management to identify and confront industry issues, has spawned the formation of a new organization, the Investment Company Act of 1940 Attorneys' Association of Connecticut.

Following the lead of New York and California, two states that have successfully formed similar groups, attorneys involved saw a need for such a group, which is holding its second meeting on the 30th of this month.

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