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28 Cards in this Set
- Front
- Back
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(Ch. 07) act of 1933… 4 typs of exampt transactions
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1-reg a <$5mil 2-reg d private 3- rule 147 intrastate 4-rule 144, a, 145
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(Ch. 07) hold period for control stock - held by affiliate
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none
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(Ch. 07) hold period for restricted stock - held by affiliate
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1 year
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(Ch. 07) hold period for restricted stock - held by non affiliate
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1 year
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(Ch. 07) prospectus delivery time requirement - primary offering
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confirm of sale
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(Ch. 07) prospectus delivery time requirement (extended req) - listed ipo's
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25 days
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(Ch. 07) prospectus delivery time requirement (extended req) - pink sheet ipo's
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90 days
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(Ch. 07) prospectus delivery time requirement (extended req) - subsequents
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40 days (non nasdaq) listed no requirement
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(Ch. 07) what is an accredit investor
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>200k income last 2 300k if married or officers, directors of issuer
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(Ch. 07) what is reg a
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1933 exempt trans if <$5mil in 12 mos
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(Ch. 07) what is reg d
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1933 exampt trans <35 accred invest unlimited accred sign invest letter hold 1 year
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(Ch. 07) what is rule 144a
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1933 exempt trans no hold period on unregistred sec sold to institutional investors
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(Ch. 07) what is rule 145
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requires proxy stmt to inform s/h about merger/acq/reclass
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(Ch. 07) what is rule 147
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1933 exempt trans -home office in state -80% of bus in state -only residents buy -no out resale 9 mos
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(Ch. 07) what is rule 2790
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restricted may not buy ipo's must get rep w/i 12 mos of sale
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(Ch. 08) 3 nasdaq levels
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level 1 - inside quote level 2 - mm quotes level 3 - mm enter
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(Ch. 08) name the four securities mkts
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1- exchanges 2- otc negotiated 3- otc listed 4-institutiion ecns
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(Ch. 08) what are the elect order routing names for nyse and nasdaq
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nyse = superdot nasdaq = super montage
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(Ch. 08) what is a "aon" order
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execute all, held as gtc
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(Ch. 08) what is an "ioc" order
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execute whats avail now, remaining is canceled
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(Ch. 08) what orders are reduced for cash dividends
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only those placed below market px
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(Ch. 09) confirm deadlines - for custy? for bd to bd?
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custy no later than settle date bd to bd no later than t+1
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(Ch. 09) custy stmts, how often req'd?
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min quarterly monthly for active
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(Ch. 09) departments in order routing
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"OPMC" -order dept -purch / sls -margin / credit -cashiering
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(Ch. 09) settlment dates - regular way for corp and munis
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t+3
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(Ch. 09) settlment dates - regular way for govts
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t+1
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(Ch. 09) settlment dates - regular way for reg t
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t+5
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(Ch. 09) what two things must principal do re order tkts
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approve promptly approve changes
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