Flashcards in Dates Deck (52)
State IAs deliver initial brochure, or 5 day withdrawal without penalty
48 hours prior to contract
Latest time to deliver IA brochure
Entering advisory contact
Time limit for execution of a day limit order.
Same day. Also, time and/or price discretion only good for that day.
Notification to Administrator that IAs net worth is insufficient
Next business day. Send details the following business day.
Maximum and minimum offering prices and underwriting discounts on file for coordination.
2 business days
Securities or funds received by non-custody IA must be returned to client.
3 business days
3rd party checks received by non-custody IA must be forwarded to the 3rd party (USA only)
3 business days
Filing Form 8-K
4 business days
Penalty-free cancellation of IA contract if brochure not delivered at least 48 hours in advance (USA only).
5 business days
Time limit for open-end investment company (mutual fund) to redeem shares.
Schedule 13D filing
SEC can summarily suspend trading in a security
Personal transactions of IA or IAR must be recorded.
10 days after the end of the quarter
Investment advisers may use oral discretion.
10 business days after first trade
Client must return signed options account agreement.
15 days after account approval
Hearing must be granted - Summary order
15 days after written request
File Form D (private placement rule 506)
15 days after first sale
Latest date for a Coverdell ESA contribution.
Cooling off period under Securities Act of 1933
20 days. Also minimum time Administrator must have documents for coordination.
State registration or withdrawal of securities professionals is effective.
Maximum residency under snowbird exemption
Time limit within which rescission offer must be accepted or rejected.
Manadatory waiting time to retest (first two failures)
Wash sale rule
New issues eligible for margin once owned this long.
Full purchase price received by underwriters for any IPO.
Days after end of each quarter to file Form 10-Q
Federal registration of BDs and IAs effective.
Days after end of each quarter to file Form 13F
Withdrawal of federal covered adviser on ADV-W
Time limit to appeal an order under both state and federal law.
Maximum time for tax-free rollover.
Maximum termination clause with mutual fund adviser.
Minimum holding period for qualified dividend
After end of fiscal year, IA must file annual updating amendment.
Minimum holding period for qualified dividend (preferred).
State IA with AUM at $110 million or above, must register with the SEC.
Maturity of T-Bill most commonly used as "risk-free" rate.
Application for registered stock exchange effective or rejected.
Maximum time a Letter Of Intent (LOI) can be backdated.
Annual delivery of adviser brochure to clients (if there are material changes).
Time limit for an IA who expects to reach the required AUM to register with the SEC.
SEC IA with AUM below $90 million must register with state(s).
Mandatory waiting time to retest (3rd and subsequent failures).
Alternative valuation date for estate taxes
Maximum maturity of exempt commercial paper.
9 months (270 days)
Payment of estate taxes is due.
9 months after death
Maximum time to complete a Letter Of Intent (LOI)
Maximum maturity of any holding in money market mutual fund.
Records must be kept easily accessible.
Time period for most records kept by broker-dealers.