Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
89 Cards in this Set
- Front
- Back
|
Minumum time for brochure delivery (prior to entering a contract)
|
48 hours
|
|
|
Time for insiders filing changes in ownership status witht he SEC
|
2 business days
|
|
|
Cancellation period for thos receiving brochre 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
|
|
|
minumum time for federal documents to have been on file under registration by coordination
|
10 days
|
|
|
(within 10 days of quarter's end) - Time for recording transaction in a client account
|
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 usind discretion without written authority
|
10 business days
|
|
|
Maximum time for the Administrator to provide a hearing if an applicant's registration has been suspended on 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
|
|
|
Time for Administrator's approval of applicant's resistration
|
30 days (at noon)
|
|
|
Time for filing amendments to ADV II
|
30 days
|
|
|
Effective period for registration withdrawal
|
30 days
|
|
|
Grace period for fime/agent registration when a client visits a new state
|
30 days
|
|
|
SEC time for granting IA registration or institutuing proceedings
|
45 days
|
|
|
Tiem from the end of the quarter for filing of Form 13F
|
45 days
|
|
|
Time from the end of the calendar year for amending Scehdule 13G
|
45 days
|
|
|
Grace period for agent registration when a cleitn moves to a new state
|
60 days
|
|
|
Maximum time for appeals under the USA
|
60 days
|
|
|
Maximum time for appeals under the SEC violation
|
60 days
|
|
|
Effective date of withdrawal after filing Form ADV-W
|
60 days
|
|
|
Time for completion of an IRA rollover
|
60 days
|
|
|
Duration of a whash sale window
|
61 days
|
|
|
Grace period for former federal covered IAs to register with state(s) using Form ADV-W
|
90 days
|
|
|
Tiem schedule for federal coverd adviser to file Fore ADV nonmaterial updates with the SEC
|
90 days (of fiscal year end)
|
|
|
Time for an IC to deliver financial reports to shareholders
|
Semiannually
|
|
|
Tiem for an IC to deliver financial reports to the SEC
|
Annually
|
|
|
Lock-up period for theose who sign an investmetn letter under Regulation D
|
1 year
|
|
|
Records must be easily accessible under SEC rules
|
2 years
|
|
|
Maximum prisn sentence under the USA
|
3 years
|
|
|
Tiem for recors to be kept un termination of a business
|
3 years
|
|
|
From the date on which the advise was given or the transaction was executed, or within two years of discovery - statues of limitations for civil actions under the USA
|
3 years
|
|
|
Statute of limitations for criminal acts under the USA
|
5 years
|
|
|
Statute of limitations under ITSFEA (Insider Trading Provisions)
|
5 years
|
|
|
Record-keeping requirement for IAs 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 I
|
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
|
|
|
Maximum number of noninstitutional clients under the de minimis exception (USA) for registration of IAs
|
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 (Fewer than 15)
|
|
|
Maximum numbers of nonaccreditied investors permitted under Regulation D
|
35
|
|
|
Maximum number of shareholders under an S Corporation
|
100
|
|
|
Maximum 12b-1 fee permitted to be leveied by a no-load fund
|
25%
|
|
|
Equity owenership threshold for filing form 13D under the '34 Act
|
5%
|
|
|
Equity ownership threshold for being deemend an affiliated under the Investment Company Act
|
5%
|
|
|
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%
|
|
|
Exclusion under the Brochure Rule granted for persons delivering services costing less than $200
|
$200
|
|
|
Threshold for providing balance sheet under ADV II
|
$500 (pre-paid fees)
|
|
|
Threshold for reporting wire transfers under the Bank
Secrecy Act |
$3,000
|
|
|
Maximum fine under Investment Advisers Act and 33 Act
|
$10,000
|
|
|
Maximum criminal fine under the USA
|
$5,000
|
|
|
Threshold for filing a CTR for cash trsactions above_____ under the Bank Secrecy Act
|
$10,000
|
|
|
Minimum net worth requirement for advisers that do not have custody of client assets but maintain discretionary authority
|
$10,000
|
|
|
Minimum asset threshold for a surety bond waiver (USA)
|
$25,000
|
|
|
Minimum net worth requirement for advisers that have custody of client assets
|
$35,000
|
|
|
Minimum assets for registed 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 the 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 D exemption
|
$1 million
|
|
|
Individual - Penalty for indider trading ('34 Act)
|
$5 million
|
|
|
Corporation - Penalty for insider trading ('34 Act)
|
$25 million
|
|
|
Minimum net worth to meet the definition of a qualified clietn (Charging of performance fees)
|
$1.5 million
|
|
|
IA subject to state registration
|
Below $25 million (assets)
|
|
|
IA subject to either federal or state registration
|
Between $25 to $30 million (assets)
|
|
|
Mandatory filing with the SEC as a federal covered advisor
|
$30 million or greater (assets)
|
|
|
Minimum asset threshold for pension consultants to fall under SEC jurisdiction
|
$50 million
|
|
|
The legislation passed by Congress requiring the registration and regulation of investemt companies.
|
Investment Company Act of 1940
|
|
|
Designed to provide purchasers of new issues of securities with information regarding the issuer and to prevent fraud in the sale of securities.
|
The Securities Act of 1933
|
|
|
This Act governs the trading of securities once they have been issued (the secondary market).
|
The Securities Exchange Act of 1934
|
|
|
Its primary purposes are to reduce abuses in selling investment company securities and to assure investors of adequate and truthful information.
|
Investment Company Act of 1940
|
|
|
The Securities Act of 1933 is enforced by the ...
|
SEC
|
|
|
Provides for the regulation of exchanges and broker-dealers in order to maintain a fair and orderly market for the investing public.
|
The Securities Exchange Act of 1934
|
|
|
Act that requires that all investment companies register with the SEC.
|
Investment Company Act of 1940
|
|
|
This Act requires issuesrs of securities to provide potential purchasers with a prospectus that covers detailed information about the issuer and the securities offered.
|
The Securities Act of 1933
|
|
|
Created by congress in 1975 as part of an amendment to the Securities Exchange Act with the purpose of overseeing practices within the municipal securities industry.
|
The Municipal Securities Rulemaking Board
|
|
|
Under this section of the Investment Company Act of 1940, selling expenses may be borne by the fund.
|
12b-1
|
