Dates Flashcards

1
Q

State IAs deliver initial brochure, or 5-day withdrawal without penalty

A

48 hours prior to contract

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2
Q

Latest time to delivery IA brochure

A

Entering advisory contract

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3
Q

Time limit for execution of a day limit order. Also, time and/or price discretion only good that day

A

Same day

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4
Q

Notification to Administrator that IA’s net worth is insufficient (send details the following business day)

A

Next business day

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5
Q

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

A

2 business days

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6
Q

Securities or funds received by non-custody IA must be returned to client

A

3 business days

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7
Q

3rd party checks received by non-custody IA must be forwarded to the 3rd party (USA only)

A

3 business days

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8
Q

Filing Form 8K

A

4 business days

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9
Q

Penalty-free cancelation of IA contract if brochure not delivered at least 48 hours in advance (USA only)

A

5 business days

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10
Q

Time limit for open-end investment company (mutual fund) to redeem shares

A

7 days

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11
Q

SECcan summarily suspend trading in a security

A

10 days

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12
Q

Investment advisers may use oral discretion

A

10 business days after first trade

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13
Q

Hearing must be granted - Summary order

A

15 days after written request

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14
Q

File Form D (private placement Rule 506)

A

15 days after first sale

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15
Q

Receipt of options account agreement

A

15 days after account approval

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16
Q

Latest date for a Coverdell ESA contribution

A

18th birthday

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17
Q

Cooling off period under Securities Act of 1933. Also minimum time Administrator must have documents for coordination

A

20 days

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18
Q

State registration or withdrawal of securities professionals effective

A

30th day

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19
Q

Maximum residency under snowbird exemption

20
Q

Time limit within which rescission offer must be accepted or rejected

21
Q

Mandatory waiting time to retest (first two failures)

22
Q

Wash sale rule

23
Q

New issues eligible for margin once owned this long

24
Q

Days after end of each quarter to file Form 10-Q

25
Federal registration of BDs and IAs effective
45th day
26
Days after end of each quarter to file Form 13F
45 days
27
Withdrawal of federal covered adviser on ADV-W
60th day
28
Time limit to appeal an order under both state and federal law
60 days
29
Maximum time for tax-free rollover
60 days
30
Maximum termination clause with mutual fund adviser
60 days
31
After end of fiscal year, IA must file annual updating amendment
90 days
32
State IA with AUM at $ll0 million or above, must register with SEC
90 days
33
Maximum time a letter of intent (LOI) backdated
90 days
34
SEC, with notice to U.S. President, can suspend all trading on an exchange
90 days
35
Maturity ofT-Bill most commonly used as risk-free rate
91 days
36
Annual delivery of adviser brochure to clients (if material changes)
120 days
37
Time limit for an IA who expects to reach the required AUM to register with the SEC
120 days
38
SEC IA with AUM below $90 million must register with state(s)
180 days
39
Mandatory waiting time to retest (third and subsequent failures)
180 days
40
Alternative valuation date for estate taxes
6 months
41
Maximum maturity of exempt commercial paper
9 months (270 days)
42
Payment of estate taxes is due
9 months after death
43
Maximum time to complete a letter of intent
13 months
44
Maximum maturity of any holding in money market mutual fund
397 days
45
Records must be kept easily accessible
2 years
46
Time period for most records kept by broker-dealers
3 years
47
Time period for investment adviser recordkeeping
5 years