Dates Flashcards
State IA’s deliver initial brochure or 5 day withdrawal without penalty
48 hours prior to contract
latest time to deliver IA brochure
entering advisory contract
time limit for execution of a day limit order
also time and or price discretion only good that day
same day
notification to Admin that IA’s net worth is insufficient
next business day
send details 2nd business day
max and mind 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 3rd party (USA only)
3 business days
filing form 8-K
4 business days
news worthy events to SEC
penalty free cancelation 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
SEC can summarily suspend trading in a security
10 days
investment advisers may use oral discretion
10 business days after first trade
hearing must be granted - summary order
15 days after written request
file form D (private placement rule 506)
15 days after first sale
receipt of options account agreement
15 days after account approval
latest date for a cover dell ESA contribution
18th bday
cooling off period under securities act of 1933.
also minimum time admin must have documents for coordination
20 days
state registration or withdrawal of securities professionals effective
30th day
maximum residency under snowbird exemption
30 days
time limit within which rescission offer must be accepted or rejected
30 days
mandatory waiting time to retest (first 2 failures)
30 days
wash sale rule
30 days
new issues eligible for margin once owned this long
30 days
days after each end of quarter to file 10-W
40 days
quarterly end report of publicly traded companies
federal registration of BDs and IA effective
45th day
days after end of each quarter to file form 13F
45 days
investors
13F - big dogs, institutional. quarterly report
withdrawal of fed covered advisor on ADV - W
60th day
time limit to appeal an order under both state and fed law
60 days
max time for tax free rollover
60 days
max termination clause with mutual fund adviser
60 days
after end of fiscal year, IA must file annual updating amendment
90 days
State IA with AUM at $110 million or above, must register with SEC
90 days
max time a letter of intent can be backdated
90 days
SEC with notice to US president can suspend all trading on an exchange
90 days
maturity of T bill most commonly used as risk free rate
91 days
annual delivery of adviser brochure to clients (if material changes)
120 days
time limit for an IA who expects to reach the required AUM to register with the SEC
120 days
SEC IA with AUM below 90 million must register with states
180 days
mandatory time to retest (after 3rd fail)
180 days
alternative valuation date for estate taxes
6 months
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
13 months
maximum maturity of any holding in money market mutual fund
397 days
records must be kept easily and accesible
2 years
time period for most records kept by broker dealers
3 years
time period for investment adviser record keeping
5 years
10k
annual report. 60-90 days end of fiscal year
