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111 Cards in this Set

  • Front
  • Back
Minimum offering price permitted under registration by notification
$5
Exclusion under the brochure rule granted for persons delivering services costing less than $___________
$200
Threshold for providing balance sheet under ADV "
$500 (pre-paid fees)
Threshold for reporting wire transfers under the Bank Secrecy Act above $_________
$3,000
Maximum criminal fine under the USA
$5,000
Maximum fine under Investment Advisers Act and 33 Act
$10,000
Threshold for filing a CTR for cash transactions above $__________ under the Bank Secrecy Act
$10,000
Minimum net worth requirement for advisers who do not have custody of client assets but maintain discretionary authority
$35,000
Minimum assets for registered investment companies under the Investment Company Act
$100,000
The minimum income for a single investor to be considered accredited under the Regulation D exemption.
$200,000
Minimum income for joint investors to be considered accredited under a Regulation D exemption
$300,000
Minimum assets under management to meet the definition of a "qualified client" (charging of performance fees)
$750,000
Minimum net worth for an accredited investor under a Regulation 0 exemption
$1 million
Individual Penalty for insider trading ('34 Act)
$5 million
(Individual)
Corporate Penalty for insider trading ('34 Act)
$25 million
(Corporation)
Minimum net worth to meet the definition of a "qualified clienf' (charging of performance fees)
$1.5 million
IA subject to either federal or state registration
Below $25 million (assets)
IA subject to either federal or state registration
Between $25 to $30 million (assets)
Mandatory filing with SEC as a federal covered adviser
$30 million or greater (assets)
Minimum asset threshold for pension consultants to fall under SEC jurisdiction
$50 million
- Minimum time for brochure delivery
48 hours (prior to entering a contract)
Time for insiders filing changes in ownership status with the SEC
2 business days
Cancellation period for those receiving brochure at contract initiation
5 business days
Minimum time for federal documents to have been on file under registration by notification
5 days
Time for delivery under the brochure rule (when requested)
7 days
Minimum time for federal documents to have been on file under registration by coordination
10 days
- Time for filing Form 13D
10 days
- Time for reporting new status as an insider
10 days
Grace period under the USA for filing with the state as an agent when the client is a new resident customer
10 business days
Grace period under the USA for using discretion without written authority
10 business days
Maximum time for the Administrator to provide a hearing if an applicants registration has been suspended or postponed
15 days
Length of the SEC cooling off period
20 days
Maximum period permitted for client acceptance of a letter of rescission
30 days
Effective date for all period
30 days after filing
Time for Administrator's approval of applicant's registration
30 days (at noon)
Time for filing amendments to ADV II
30 days
Effective period for registration withdrawal
30 days
Grace period for firm/agent registration when a client visits a new state
30 days
SEC time for granting IA registration or instituting proceedings
45 days
Time from the end of the calendar year for amending Schedule 13G
45 days
Grace period for agent registration when a client moves to a new state
60 days
Maximum time for appeals under the USA
60 days
Maximum time for appeals under an SEC violation
60 Days
Time for completion of an I RA rollover
60 days
Duration of the wash sale window
61 days
Grace period for former federal covered lAs to register with staters) (using Form ADV-W)
90 days
Time schedule for federal covered adviser to file Form ADV nonmaterial updates with the SEC
90 days (of fiscal year end)
Time for an IC to deliver financial reports to shareholders
Semiannually
Time for an IC to deliver financial reports to the SEC
Annually
Lock-up period for those who sign an investment letter under Regulation D
1 Year
Records must be easily accessible under SEC rules
2 Years
Record-keeping requirement for broker-dealers under SEC rules
3 Years
Maximum prison sentence under the USA
3 years
Time for records to be kept upon termination of a business
3 years
Statute of limitations for civil actions under USA--- (From the date on which the advice was given or the transaction was executed, or within two years of discovery)
3 years
Statute of limitations for criminal acts under the USA
5 Years
Statute of limitations under ITSFEA
5 Years
Record-keeping requirement for lAs under federal and state law
5 years
Maximum jail time for violations of Federal Securities Acts
5 years
Time for reporting felony or misdemeanor convictions when registering
10 years
Time for partner's/officer's/director's history under Form ADV Part
10 years
Maximum sentence for violation of the Investment Advisers Act
10 years
Maximum sentence for insider trading
20 years
- Expiration date for all registrations under the USA
December 31
Minimum number of market makers required for an issuer seeking registration by notification
4
Maximum number of noninstitutional clients under the de minimis exception (USA) for registration of lAs
5
Maximum number of retail investors permitted in a private placement within a 12 consecutive month period (USA)
10
Clients in 12 consecutive months - Private adviser exception under IA 1940
15
Maximum numbers of nonaccredited investors permitted under Regulation D
35
Maximum number of shareholders under S Corporation
100
Minimum number of shareholders required of an issuer seeking registration by notification
500
Maximum 12b-1 fee permitted to be levied by a no-load fund
.25%
Equity ownership threshold for filing Form 13D under the '34 Act
5%
Equity ownership threshold for being deemed an affiliate under the Investment Company Act
5%
Maximum underwriting compensation permitted under registration by notification
10%
Equity ownership threshold for insider status under the '34 Act
10%
Rate of federal taxation on long-term capital gains
15%
Equity ownership (voting stock) threshold for being considered a control person under the Investment Company Act
25%
Minimum measurement for various issuer tests under Rule 147
80%
In-state purchasers under Rule 147
100%
Standard IRA Max Contribution
$5,000 (additional $1,000 catch up at age 50 or above)
Roth IRA Max Contribution
$5,000 (additional $1,000 catch up at age 50 or above)
401k Max Contribution
$15,500 ($5,000 catch up)
403b Max Contribution
$15,500 ($5,000 catch up)
457 Max Contribution
$15,500 ($5,000 catch up)
Coverdell Max Contribution
$2,000
Section 529 Plan Max Contribution
$12,000 per Contributor
KEOGH/SEP IRA max Contribution
$46,000
Who may open a Standard IRA
Anyone with earned Income
Who May open a Roth IRA
Anyone with earned income
Who may open 401K
For-Profit worker
Who may open a 403b
Nonprofit worker
Who may open a Coverdell
Anyone
Section 529 Plan
Anyone
KEOGH/SEP IRA
Self Employed
Tax Status of Contributions of standard IRA
Pre or post tax dollars depending on workers income level and status in a qualifiing plan.
Tax Status of Contributions of Roth IRA
Post Tax
Tax Status of Contributions of 401k
Pretax
Tax Status of Contributions of 403b
Pretax
Tax Status of Contributions of 457
pretax
Tax Status of Contributions of Coverdell
Pretax
Tax Status of Contributions of Section 529 plans
Pretax
Tax Status of Contributions of KEOGH
Pretax
Tax Status of distibutions from Standard IRA
Earnings=Taxable

Pretax Contributions=Taxable

Post-tax contributions=Tax-free
Tax Status of distibutions from Roth IRA
Contributions=Taxfree

Earnings may be tax free if the distribution is qualified
Tax Status of distibutions from 401k
Totally taxable 0 cost basis
Tax Status of distibutions from 403b
totally taxable; 0 cost basis
Tax Status of distibutions from 457
Totally taxable 0 cost basis
Tax Status of distibutions from coverdell
Contributions=Taxfree

Earnings may be tax free if the distribution is qualified
Tax Status of distibutions from Section 529
Contributions=Taxfree

Earnings may be tax free if the distribution is qualified
Tax Status of distibutions from KEOGH/SEP IRA
Totally taxable