Dates Flashcards
The date that state is deliver initial brochure
48 hours prior to contract or 5 days to withdraw without penalty
The latest time to deliver IA brochure
Entering advisory contract same day
Notification to administrator that IAs net worth is insufficient
Next business day
Maximum and minimum offering prices and underwriting discounts on file for coordination
Two business days
Securities or funds received by non custody IA must be returned to the client in how many days?
Three business days
Third party checks received by non-custody IA must be returned to the third party in how many days?
Three business days
How many days to file form 8K?
4 business days
Penalty-free cancellation of IA contract if for sure is not delivered at least 48 hours in advance
Five business days
Time limit for open end Investment company to redeem shares
7 days
SEC can summarily suspend trading in a security for how many days
10 days
Investment advisors may use oral discretion
10 business days after first trade
Hearings must be granted - summary order
15 days after written request
File form d for private placement rule 506
15 days after first sale
Receipt of options account agreement
15 days after account approval
Latest date for Coverdell esa contribution
18th birthday
Cooling off. Under securities act of 1933 also minimum time administrator must have documents for coordination
20 days
State registration or withdrawal of securities professional effective
30th day
Maximum residency under snowbird exemption
30 days
Time limit within which rescission offer must be accepted or rejected
30 days
Wash sale rule
30 days
New issues eligible for margin once owned this long
30 days
Days after end of each quarter to file form 10 Q
40 days
Federal registration of BDs and IAs effective
45th day
Days after end of each quarter to file form 13f
45 days
Withdrawal of federal covered advisor on ADV-W
60th day
Time limit to appeal an order under both state and federal law
60 days
Maximum time for tax free rollover
60 days
Maximum termination clause with mutual fund advisor
60 days
After end of physical year IA must file annual updating amendment
90 days
State IA with AUM at $110 million or above must register with SEC
90 days
Maximum time a letter of intent 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 advisor 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 waiting time to retest after 3rd and subsequent failures
180 days
Alternative valuation date for estate taxes
6 months
Maximum maturity of exempt commercial paper
9 months or 270 days
Payment of estate taxes due
9 months after death
Maximum time to complete a letter of intent
13 months
Maximum maturity of any holding in money market fund
397 days
Records must be kept accessible
2 years
Time period for most records kept by broker dealers
3 years
Time period for investment advisor record keeping
5 years
