Final 5 Flashcards
to be “in the business” of investment advice does it have to be a regular activity or the principal activity?
regular
How are short term capital gains taxed?
tax bracket
When must form 13D be filed?
Within 10 days of accumulating 5% position
Who must approve contract between fund and advisor?
majority of outstanding shares
When does a limited partnership become a legal entity?
when filed with state
When must investment companies send financial statments?
semi-annually
Who renews advisers contract?
board or outstanding shares
How long does the Administrator have to set a hearing for a postponed registration?
15 days
Are agents or IARs subject to any post-registration requirements?
no
Can tombstones be published in the cooling off period?
yes
If an individual represents an issuer in an exempt transaction or selling exempt securities, are they an agent?
no
Do shorter time intervals increase the rate of return?
yes
