Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Series 66 > Dates > Flashcards

Dates Flashcards

Time limits and requirements

You may prefer our related Brainscape-certified flashcards:
Series 66 flashcards
1
Q

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

A

48 hours prior to contract

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Latest time to deliver IA brochure

A

Entering advisory contact

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Time limit for execution of a day limit order.

A

Same day. Also, time and/or price discretion only good for that day.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Notification to Administrator that IAs net worth is insufficient

A

Next business day. Send details the following business day.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

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

A

2 business days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

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

A

3 business days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

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

A

3 business days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Filing Form 8-K

A

4 business days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

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

A

5 business days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

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

A

7 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Schedule 13D filing

A

10 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

SEC can summarily suspend trading in a security

A

10 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Personal transactions of IA or IAR must be recorded.

A

10 days after the end of the quarter

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Investment advisers may use oral discretion.

A

10 business days after first trade

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Client must return signed options account agreement.

A

15 days after account approval

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Hearing must be granted - Summary order

A

15 days after written request

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

File Form D (private placement rule 506)

A

15 days after first sale

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Latest date for a Coverdell ESA contribution.

A

18th birthday

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Cooling off period under Securities Act of 1933

A

20 days. Also minimum time Administrator must have documents for coordination.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

State registration or withdrawal of securities professionals is effective.

A

30th day

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Maximum residency under snowbird exemption

A

30 days

22
Q

Time limit within which rescission offer must be accepted or rejected.

A

30 days

23
Q

Manadatory waiting time to retest (first two failures)

A

30 days

24
Q

Wash sale rule

A

30 days

25
Q

New issues eligible for margin once owned this long.

A

30 days

26
Q

Full purchase price received by underwriters for any IPO.

A

35 days

27
Q

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

A

40 days

28
Q

Federal registration of BDs and IAs effective.

A

45th day

29
Q

Days after end of each quarter to file Form 13F

A

45 days

30
Q

Withdrawal of federal covered adviser on ADV-W

A

60th day

31
Q

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

A

60 days

32
Q

Maximum time for tax-free rollover.

A

60 days

33
Q

Maximum termination clause with mutual fund adviser.

A

60 days

34
Q

Minimum holding period for qualified dividend

A

60 days

35
Q

After end of fiscal year, IA must file annual updating amendment.

A

90 days

36
Q

Minimum holding period for qualified dividend (preferred).

A

90 days

37
Q

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

A

90 days

38
Q

Maturity of T-Bill most commonly used as “risk-free” rate.

A

90 days

39
Q

Application for registered stock exchange effective or rejected.

A

90 days

40
Q

Maximum time a Letter Of Intent (LOI) can be backdated.

A

90 days

41
Q

Annual delivery of adviser brochure to clients (if there are material changes).

A

120 days

42
Q

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

A

120 days

43
Q

SEC IA with AUM below $90 million must register with state(s).

A

180 days

44
Q

Mandatory waiting time to retest (3rd and subsequent failures).

A

180 days

45
Q

Alternative valuation date for estate taxes

A

6 months

46
Q

Maximum maturity of exempt commercial paper.

A

9 months (270 days)

47
Q

Payment of estate taxes is due.

A

9 months after death

48
Q

Maximum time to complete a Letter Of Intent (LOI)

A

13 months

49
Q

Maximum maturity of any holding in money market mutual fund.

A

397 days

50
Q

Records must be kept easily accessible.

A

2 years

51
Q

Time period for most records kept by broker-dealers.

A

3 years

52
Q

Time period for investment adviser record keeping

A

5 years

Series 66 (3 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions