Dates Flashcards
Time limits and requirements (52 cards)
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.
7 days
Schedule 13D filing
10 days
SEC can summarily suspend trading in a security
10 days
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.
18th birthday
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.
30th day
Maximum residency under snowbird exemption
30 days
Time limit within which rescission offer must be accepted or rejected.
30 days
Manadatory waiting time to retest (first two failures)
30 days
Wash sale rule
30 days
