Dates Flashcards

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1
Q

The date that state is deliver initial brochure

A

48 hours prior to contract or 5 days to withdraw without penalty

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2
Q

The latest time to deliver IA brochure

A

Entering advisory contract same day

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3
Q

Notification to administrator that IAs net worth is insufficient

A

Next business day

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4
Q

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

A

Two business days

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5
Q

Securities or funds received by non custody IA must be returned to the client in how many days?

A

Three business days

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6
Q

Third party checks received by non-custody IA must be returned to the third party in how many days?

A

Three business days

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7
Q

How many days to file form 8K?

A

4 business days

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8
Q

Penalty-free cancellation of IA contract if for sure is not delivered at least 48 hours in advance

A

Five business days

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9
Q

Time limit for open end Investment company to redeem shares

A

7 days

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10
Q

SEC can summarily suspend trading in a security for how many days

A

10 days

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11
Q

Investment advisors may use oral discretion

A

10 business days after first trade

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12
Q

Hearings must be granted - summary order

A

15 days after written request

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13
Q

File form d for private placement rule 506

A

15 days after first sale

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14
Q

Receipt of options account agreement

A

15 days after account approval

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15
Q

Latest date for Coverdell esa contribution

A

18th birthday

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16
Q

Cooling off. Under securities act of 1933 also minimum time administrator must have documents for coordination

A

20 days

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17
Q

State registration or withdrawal of securities professional effective

A

30th day

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18
Q

Maximum residency under snowbird exemption

A

30 days

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19
Q

Time limit within which rescission offer must be accepted or rejected

A

30 days

20
Q

Wash sale rule

A

30 days

21
Q

New issues eligible for margin once owned this long

A

30 days

22
Q

Days after end of each quarter to file form 10 Q

A

40 days

23
Q

Federal registration of BDs and IAs effective

A

45th day

24
Q

Days after end of each quarter to file form 13f

A

45 days

25
Q

Withdrawal of federal covered advisor on ADV-W

A

60th day

26
Q

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

A

60 days

27
Q

Maximum time for tax free rollover

A

60 days

28
Q

Maximum termination clause with mutual fund advisor

A

60 days

29
Q

After end of physical year IA must file annual updating amendment

A

90 days

30
Q

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

A

90 days

31
Q

Maximum time a letter of intent backdated

A

90 days

32
Q

SEC, with notice to US president can suspend all trading on an exchange

A

90 days

33
Q

Maturity of t-bill most commonly used as risk-free rate

A

91 days

34
Q

Annual delivery of advisor brochure to clients if material changes

A

120 days

35
Q

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

A

120 days

36
Q

SEC IA with AUM below $90 million must register with States

A

180 days

37
Q

Mandatory waiting time to retest after 3rd and subsequent failures

A

180 days

38
Q

Alternative valuation date for estate taxes

A

6 months

39
Q

Maximum maturity of exempt commercial paper

A

9 months or 270 days

40
Q

Payment of estate taxes due

A

9 months after death

41
Q

Maximum time to complete a letter of intent

A

13 months

42
Q

Maximum maturity of any holding in money market fund

A

397 days

43
Q

Records must be kept accessible

A

2 years

44
Q

Time period for most records kept by broker dealers

A

3 years

45
Q

Time period for investment advisor record keeping

A

5 years