34
October 28, 2016 VIA EDGAR Securities and Exchange Commission 100 F. Street, NE Washington, D.C. 20549 Re: Concorde Funds, Inc. File No. 811-05339 Rule 17g-1 Filing of Fidelity Bond Dear Sir or Madam: Enclosed for filing, pursuant to Rule 17g-1 of the Investment Company Act of 1940, as amended, please find the following information with respect to the Concorde Wealth Management Fund, a series of the Concorde Funds, Inc. a copy of the executed joint Investment Company Protection Bond (the "Bond") for the period from September 30, 2016 through September 30, 2017 is enclosed under EXHIBIT 99-1; a copy of the resolution from the September 15, 2016 meeting of the Board of Directors approving the amount, type, form, and coverage of the Bond and the portion of the premium to be paid by Concorde Funds, Inc. is enclosed under EXHIBIT 99-2; a copy of the current joint insured agreement between Concorde Funds, Inc. and Concorde Financial Corporation d/b/a Concorde Investment Management pursuant to paragraph (f) of Rule 17g-1 is enclosed under EXHIBIT 99-3. The Concorde Funds, Inc. would have provided and maintained a fidelity bond in the amount of $225,000 if it were not named as an insured under the joint bond. Premiums have been paid for the joint bond for the period beginning September 30, 2016 through September 30, 2017. If you have any questions about this filing, please contact the undersigned at 414-765-6142. Sincerely, /s/ Kacie Gronstal Compliance Officer Enclosures

Securities and Exchange Commission File No. 811-05339 file• a copy of the current joint insured agreement between Concorde Funds, Inc. and Concorde Financial Corporation d/b/a Concorde

  • Upload
    lydung

  • View
    216

  • Download
    0

Embed Size (px)

Citation preview

October 28, 2016 VIA EDGAR Securities and Exchange Commission 100 F. Street, NE Washington, D.C. 20549 Re: Concorde Funds, Inc. File No. 811-05339 Rule 17g-1 Filing of Fidelity Bond Dear Sir or Madam: Enclosed for filing, pursuant to Rule 17g-1 of the Investment Company Act of 1940, as amended, please find the following information with respect to the Concorde Wealth Management Fund, a series of the Concorde Funds, Inc.

• a copy of the executed joint Investment Company Protection Bond (the "Bond") for the period from September 30, 2016 through September 30, 2017 is enclosed under EXHIBIT 99-1;

• a copy of the resolution from the September 15, 2016 meeting of the Board of

Directors approving the amount, type, form, and coverage of the Bond and the portion of the premium to be paid by Concorde Funds, Inc. is enclosed under EXHIBIT 99-2;

• a copy of the current joint insured agreement between Concorde Funds, Inc. and Concorde Financial Corporation d/b/a Concorde Investment Management pursuant to paragraph (f) of

Rule 17g-1 is enclosed under EXHIBIT 99-3. The Concorde Funds, Inc. would have provided and maintained a fidelity bond in the amount of $225,000 if it were not named as an insured under the joint bond. Premiums have been paid for the joint bond for the period beginning September 30, 2016 through September 30, 2017. If you have any questions about this filing, please contact the undersigned at 414-765-6142. Sincerely, /s/ Kacie Gronstal Compliance Officer Enclosures

Page 1

Renewal of Director's and Officers’ Errors and Omissions Insurance and Fidelity Bond WHEREAS, the Director's and Officers’ Errors and Omissions (“D&O/E&O”) liability insurance policy and the Trust’s fidelity bond insurance policy will expire on September 30, 2016; and WHEREAS, the Board seeks to renew or establish new policies for the purposes of continuing the relevant insurance coverage. NOW, THEREFORE, IT IS RESOLVED, that the officers of the Company are authorized to execute and deliver such documents as may be required to renew the D&O/E&O Policy and to renew the fidelity bond insurance policy in an amount no less than the amounts required by Rule 17g-1 under the 1940 Act. FURTHER RESOLVED, that the officers are authorized to pay any premiums as may be required and to take such further action as may be required by application of laws, rule and regulations in connection with implementing the foregoing resolution; and FURTHER RESOLVED, that the actions of the officers will be submitted for ratification at the Board’s next regularly scheduled meeting at which time the policy limits and premium payment amounts will be provided to the Board.