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42 Cards in this Set
- Front
- Back
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Conduit Theory |
Must Dis. At least 90% of net investment income to shareholders. Taxes on undis. Amount |
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Excess capital loss max deductible against earned income. |
$3,000 per year. Can be carried forward |
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Corporations that invest in pther CO. Stock may deduct __% of dividends from tax income |
70% |
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No-load fund |
No sales charge plus 12b-1 fee of .25% or less |
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Max sales charge for openend can charge |
8.5% of POP if breakpoints and accumulation |
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Do not call time period |
10 years |
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Retail communications |
Any written, tp over 25 retail investors in 30 days |
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Class B shares, redemption charge a percent of: |
Lesser of NAV or purchase price |
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Series EE bonds intrest paid when |
Upon redemption |
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Third market transactions |
Listed security OTC |
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CDSL |
Contingent deffered sales load |
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1035 exchange annuities |
Annuities to annuities life to annuities Life to life |
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Bond price105:50 |
$1055 or 105 16/32 |
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Prime rate |
Charge by banks to most credit worthy business/commercial loans |
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Discount rate |
Federal reserve loan rate to large banks |
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Federal funds rate |
Membet banks charge each other for overnight loans of 1 million or more |
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Diversified ratio of fund |
75-5-10. No more than 5% one issuer or 10% of ownership |
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Wash sale |
Sells securrity at loss then repurchase similar within 30 days before and after |
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Ira excess contribution penalty |
6% of over ampunt unless corrected |
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% of CO. Assets invested before must register with SEC |
At least 40% |
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Open-ended inv CO share price listed in newspaper is... |
NAV = bid price |
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Mutual fund inv managers contract length |
Initial 2 years, vote each year after (BOD) |
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Bankers acceptance |
Facilitate trades in foreign goods |
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34b-1 name rule % of assests must have in name |
80% |
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Last date to contribute to ira for year |
15 April of following year |
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LOIntent can be backdated for... |
90 days |
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Statue of limitations tf |
6 years or more |
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Asset allocation vs balance fumd |
Asset funs also have money market |
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Dept. Of Enforcement appeal tf |
25 days or decision is final |
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Dept of Enforcement is an arm of... |
Finra |
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Sellimg away |
Selling securities outside of business without notice |
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Transfer initiation form (TIF) TF to complete |
1day validate +3 days to complete |
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Reg T freeze of account for... |
90 days |
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Statement of additional information must be issued by... |
3 days |
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Highest intrest annuity can/must state |
12% |
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12b-1 fees orrur... |
Quarterly |
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T-bills issuance weeks... |
4, 13, 26, 52 weeks |
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How long decline to depression |
6 quarters |
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Confirm of money transfer must be kept for.... |
5 years. $3000 > |
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Investment co must report to shareholders.... |
Twice anually |
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12-b fees deducted... |
Quarterlu |
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Member must complete reg CE within ?? Of anniversary. |
120 days |
