Correspondence Meaning

[Janeen Bahrke]

(D) The requirements of paragraph (b)(1)(A) shall not apply with regard to the following retail communications, provided that the member supervises and reviews such communications in the same manner as required for supervising and reviewing correspondence pursuant to Rules 3110(b) and 3110.06 through .09:

(A) Members must maintain all retail communications and institutional communications for the retention period required by SEA Rule 17a-4(b) and in a format and media that comply with SEA Rule 17a-4. The records must include:

At least 10 business days prior to first use or publication (or such shorter period as the Department may allow), a member must file the following retail communications with the Department and withhold them from publication or circulation until any changes specified by the Department have been made:

b. The member adopts and implements written policies and procedures reasonably designed to ensure that the communication is relevant to the likely financial situation and investment objectives of the investor receiving the communication and to ensure compliance with all applicable requirements and obligations;

c. The member has a reasonable basis for the criteria used and assumptions made in calculating the projected performance or targeted return, and retains written records supporting the basis for such criteria and assumptions;

d. The communication prominently discloses that the projected performance or targeted return is hypothetical in nature and that there is no guarantee that the projected or targeted performance will be achieved; and

e. The member provides sufficient information to enable the investor to understand (i) the criteria used and assumptions made in calculating the projected performance or targeted return, including whether the projected performance or targeted return is net of anticipated fees and expenses; and (ii) the risks and limitations of using the projected performance or targeted return in making investment decisions, including reasons why the projected performance or targeted return might differ from actual performance.

(A) Retail communications and correspondence that present non-money market fund open-end management investment company performance data as permitted by Securities Act Rule 482 and Rule 34b-1 under the Investment Company Act must disclose:

(C) A retail communication or correspondence may not refer, directly or indirectly, to past specific recommendations of the member that were or would have been profitable to any person; provided, however, that a retail communication or correspondence may set out or offer to furnish a list of all recommendations as to the same type, kind, grade or classification of securities made by the member within the immediately preceding period of not less than one year, if the communication or list:

(2) If an associated person recommends a security in a public appearance, the associated person must have a reasonable basis for the recommendation. The associated person also must disclose, as applicable:

(a) In forming a reasonable basis for the criteria used and assumptions made in calculating projected performance or a targeted return pursuant to Rule 2210(d)(1)(F)(iv), members should consider multiple factors, with no one factor being determinative. Depending on the particular projected performance or targeted return, such factors may include, but are not limited to, the following:

(5) If available, reliable multi-factor financial models based on macroeconomic, fundamental, quantitative, or statistical inputs, taking into account the assumptions and potential limitations of such models, including the source and time horizon of data inputs;

(10) For managed accounts or funds, the past performance of other accounts or funds managed by the same investment adviser or sub-adviser, provided such accounts or funds had substantially similar investment objectives, policies, and strategies as the account or fund for which the projected performance or targeted returns are shown;

(b) Members may not base projected performance or a targeted return upon (i) hypothetical, back-tested performance or (ii) the prior performance of a portfolio or model that was created solely for the purpose of establishing a track record.

Many journals publish correspondence or short reports that are brief research works, usually with a single finding, straightforward methods, and not much more than that. They are intended for quick, "Hey, we've always wanted to know the value of X, and turns out it's 7" studies - they belong in the literature, and may be useful, but are not a full research paper.

"Notes are short papers that present significant new observations and methodological advances. Notes may contain results that are not sufficiently elaborated or developed as to justify an Article, but which are still of considerable potential significance."

Original Articles should include a title page, a structured abstract of no more than 250 words (see below), a text of no more than 3,000 words, no more than 7 tables and figures, and no more than 40 references.

Concise Communications should include a title page, a narrative abstract of no more than 50 words, a text of no more than 1,200 words, no more than 2 tables or figures, and no more than 10 references.

Research Briefs should include a title page, a text of no more than 900 words, no more than 1 table or figure, and no more than 10 references. This category of article is intended for the presentation of short, focused, and evidence-based experimental observations: substantial preliminary and novel results of importance to the journal readership but not substantial enough in content to warrant a longer presentation. Research Briefs undergo the same peer review as longer article types.

Your paper is either too short, or only presents a short, focused result that the journal does not consider a "full" paper. It's hard to know, as they won't exactly lay out the definitions of papers they don't accept, but you may want to look at similar journals to see if there is a field-based consensus for what a sufficiently large finding is.

Fomite already gave an excellent general answer, but I may be able to add some specific information if your submission was to one of the IEEE Transactions (rejection from which would put you in fine company).

Correspondence items are short disclosures with a reduced scope or significance that typically describe a use for or magnify the meaning of a single technical point, or provide brief comments on material previously published in the TRANSACTIONS.

The IEEE Signal Processing Letters is a monthly, archival publication designed to provide rapid dissemination of original, cutting-edge ideas and timely, significant contributions in signal, image, speech, language and audio processing.

Note that in contrast to a Correspondence Item, a "significant contribution" is still required, and that in addition (and in contrast to the Transactions) this needs to be on such a hot topic that by the time the normal reviewing process has finished, there would be significantly less interest in it.

(If you did not submit to IEEE, this may still be a useful indication how another discipline handles this type of publication, and underline the fact that there are several different categories of short communications.)

In addition to determining that the program meets the eligible program criteria given in this chapter, the school should make certain that the program is included under the notice of accreditation from a nationally recognized accrediting agency (unless the agency does not require that particular program be accredited).

The school should also make certain that it is authorized by the appropriate state to offer the program (if the state licenses individual programs at postsecondary institutions). In some instances a school or program may need a general authorization as well as licensure for a specific program approval. (See the chart on eligible institutions and the discussion under Legal Authorization By a State in Chapter 1.)

If a program offered through distance or continuing education meets the definition of an eligible program, students enrolled in that program must be considered for FSA program assistance on the same basis as students enrolled in eligible programs offered through traditional modes. With some limitations, if a correspondence program meets the definition of an eligible program, students enrolled in that program are considered eligible (see Distance Education & Correspondence Study in this chapter).

Number of regular students who earned credentials for successfully completing the program within 150% of its length Number of regular students enrolled in the program for the award year, including the number of regular students who withdrew with a 100% refund of tuition and fees and the number of regular students enrolled at the end of the award year = Completion Rate

Number of students who obtained employment* within 180 days of receiving credential and who are employed (or have been employed) for at least 13 weeks following receipt of credential Number of regular students who received credential for successfully completing the program during the award year = Placement Rate

The school must document the employment of any student it includes as employed in the placement rate calculation. Examples of such documentation include but are not limited to a written statement from the employer, signed copies of state or federal income tax forms, or written evidence of payment of Social Security taxes.

The school must reasonably determine whether a related occupation is comparable. For instance, for a student who was trained as an auto mechanic, it is reasonable to determine that a job as a boat mechanic is comparable. However, for a person trained in retail sales management, a counter-service job at a fast-food restaurant is not comparable.

Lastly, a program that leads to a baccalaureate degree in liberal arts at an accredited proprietary institution is an eligible (non-GE) program. The school must have been continuously accredited by a recognized regional accrediting agency or association since at least October 1, 2007, and have provided the program continuously since January 1, 2009.

c80f0f1006