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Flashcards in Dates Deck (52)
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1

State IAs deliver initial brochure, or 5 day withdrawal without penalty

48 hours prior to contract

2

Latest time to deliver IA brochure

Entering advisory contact

3

Time limit for execution of a day limit order.

Same day. Also, time and/or price discretion only good for that day.

4

Notification to Administrator that IAs net worth is insufficient

Next business day. Send details the following business day.

5

Maximum and minimum offering prices and underwriting discounts on file for coordination.

2 business days

6

Securities or funds received by non-custody IA must be returned to client.

3 business days

7

3rd party checks received by non-custody IA must be forwarded to the 3rd party (USA only)

3 business days

8

Filing Form 8-K

4 business days

9

Penalty-free cancellation of IA contract if brochure not delivered at least 48 hours in advance (USA only).

5 business days

10

Time limit for open-end investment company (mutual fund) to redeem shares.

7 days

11

Schedule 13D filing

10 days

12

SEC can summarily suspend trading in a security

10 days

13

Personal transactions of IA or IAR must be recorded.

10 days after the end of the quarter

14

Investment advisers may use oral discretion.

10 business days after first trade

15

Client must return signed options account agreement.

15 days after account approval

16

Hearing must be granted - Summary order

15 days after written request

17

File Form D (private placement rule 506)

15 days after first sale

18

Latest date for a Coverdell ESA contribution.

18th birthday

19

Cooling off period under Securities Act of 1933

20 days. Also minimum time Administrator must have documents for coordination.

20

State registration or withdrawal of securities professionals is effective.

30th day

21

Maximum residency under snowbird exemption

30 days

22

Time limit within which rescission offer must be accepted or rejected.

30 days

23

Manadatory waiting time to retest (first two failures)

30 days

24

Wash sale rule

30 days

25

New issues eligible for margin once owned this long.

30 days

26

Full purchase price received by underwriters for any IPO.

35 days

27

Days after end of each quarter to file Form 10-Q

40 days

28

Federal registration of BDs and IAs effective.

45th day

29

Days after end of each quarter to file Form 13F

45 days

30

Withdrawal of federal covered adviser on ADV-W

60th day

31

Time limit to appeal an order under both state and federal law.

60 days

32

Maximum time for tax-free rollover.

60 days

33

Maximum termination clause with mutual fund adviser.

60 days

34

Minimum holding period for qualified dividend

60 days

35

After end of fiscal year, IA must file annual updating amendment.

90 days

36

Minimum holding period for qualified dividend (preferred).

90 days

37

State IA with AUM at $110 million or above, must register with the SEC.

90 days

38

Maturity of T-Bill most commonly used as "risk-free" rate.

90 days

39

Application for registered stock exchange effective or rejected.

90 days

40

Maximum time a Letter Of Intent (LOI) can be backdated.

90 days

41

Annual delivery of adviser brochure to clients (if there are material changes).

120 days

42

Time limit for an IA who expects to reach the required AUM to register with the SEC.

120 days

43

SEC IA with AUM below $90 million must register with state(s).

180 days

44

Mandatory waiting time to retest (3rd and subsequent failures).

180 days

45

Alternative valuation date for estate taxes

6 months

46

Maximum maturity of exempt commercial paper.

9 months (270 days)

47

Payment of estate taxes is due.

9 months after death

48

Maximum time to complete a Letter Of Intent (LOI)

13 months

49

Maximum maturity of any holding in money market mutual fund.

397 days

50

Records must be kept easily accessible.

2 years

51

Time period for most records kept by broker-dealers.

3 years

52

Time period for investment adviser record keeping

5 years