Dates Flashcards
Time limits and requirements
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
New issues eligible for margin once owned this long.
30 days
Full purchase price received by underwriters for any IPO.
35 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 adviser 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 adviser.
60 days
Minimum holding period for qualified dividend
60 days
After end of fiscal year, IA must file annual updating amendment.
90 days
Minimum holding period for qualified dividend (preferred).
90 days
State IA with AUM at $110 million or above, must register with the SEC.
90 days
Maturity of T-Bill most commonly used as “risk-free” rate.
90 days
Application for registered stock exchange effective or rejected.
90 days
Maximum time a Letter Of Intent (LOI) can be backdated.
90 days
Annual delivery of adviser brochure to clients (if there are 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 state(s).
180 days
Mandatory waiting time to retest (3rd and subsequent failures).
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 (LOI)
13 months
Maximum maturity of any holding in money market mutual fund.
397 days
Records must be kept easily accessible.
2 years
Time period for most records kept by broker-dealers.
3 years
Time period for investment adviser record keeping
5 years
