Dates Flashcards
State IAs deliver initial brochure or 5-day withdrawal without penalty.
48 hours prior to contact
Latest time to delivery IA brochure
Entering advisory contract
The time limit for execution of a day limit order. Also, time and/or price discretion only good that day
Same Day.
Notification to Administrator that IA’s net worth is insufficient
Send details next business day
Maximum and minimum offering prices and underwriting discount on file for coordination
2 business days
Securities or funds received by non-custody IA must be returned to the client
3 business days
3rd party checks received by non-custody IA must be returned to the client (USA only)
3 business days
Filing Form 8-K
4 business days
Penalty-free cancelation 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 reedem shares
7 days
SEC can summarily suspend trading in a security
10 days
Investment advisor may use oral discretion
10 business ays after the first trade
Hearing must be granted - Summary Order
15 days after written request
File From D (priviate placement rule 506)
15 days after first sale
Reciept of option account agreement
15 days after account approval
Latest date for a Coverdale ESA contribution
18th birthday
Cooling off period under Securities Act of 1933. Also minimum time Administrator must have documents for coordination
20 days
State registration or withdrawl of securities professionals effective
30th day
Maximum residency under snowbird exemption
30 days
Time limit within which rescission offer must be accepted or rejected
30 days
Mandatory 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
Days after end of each quarter to file form 10-Q
40 days
