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28 Cards in this Set
- Front
- Back
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Accredited investor |
Individual- 200k per year Couple- 300k per year Or Individual- net worth over 1million excluding residence |
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8k filing |
Major business events 4 business days after event |
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SIPC coverage |
250k cash Up to 500k total |
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Stabilizing market maker |
Managing underwriter |
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Trustee- bond issue |
Protecting bond holders No conflict of interest Appointed and paid by issuer |
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MSRB enforcement of banks |
Office of the comptroller of currency Federal reserve board Federal deposit insurance commission |
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Disclosure for yield advertisement |
Coupon rate or yield to maturity |
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Final prospectus |
Includes POP delivered at or before confirmation of sale |
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144 sale required representations |
Issuer- current filings Broker Seller- held for 6 months |
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Correspondence |
Communication to 25 or fewer retail clients No pre approval No FINRA filing Subject to review |
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Retail communication |
25 or more retail clients Pre- approval File with FINRA Advertising and sales literature |
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Exempt issues |
Government Agency Municipal Savings and loan Small business development companies Eurodollar |
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Regulation AC |
Analysts must make quarterly certification of all public appearances made during that quarter |
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Anti reciprocal rule |
Mutual funds cannot route portfolio trades as compensation |
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Advertising |
Reaches the public through mass medium |
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Sales literature- options |
Sent to specific group of individuals Requires options disclosure document |
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Bond tender offer |
Any and all type of offer |
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10b-18 |
Issuers and affiliated persons selling shares 1 broker dealer Cannot be opening transaction More then 10 mins before market close-active security More then 30 mins before close- inactive Price not higher then market Less then 25% if trading volume for that day
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ROP approves |
Advertisements Sales literature |
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SIPC accounts |
Joint and custodial accounts treated as seperate Margin and cash under same name= 1 account |
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Stabilization rules |
Securities exchange act of 1934 |
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Interstate offerings must remain in the state for.. |
6 months |
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Accredited investor |
Individual- 200k per year Couple- 300k per year Or Individual- net worth over 1million excluding residence Institution- over 5 million assets |
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Regulation A |
Small offerings Offering circular Teir 1- up to 20 million over 12 months- no financial statements Tier 2- up to 50 million over 12 months- require audited financial statements |
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Rule 144 |
Restricted- unregistered- must be held for 6 months Control- directors, officers, ten percent shareholders 1% outstanding shares 4 week average trading volume 4 times per year |
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Rule 144 |
Restricted- unregistered- must be held for 6 months Control- directors, officers, ten percent shareholders 1% outstanding shares 4 week average trading volume 4 times per year |
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Regulation D |
Private placement offering Unlimited number of accredited investors Up to 35 unaccredited Requires offering circular |
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13d report |
Must be filed by anyone who accumulated 5% ownership in a corporation |
