Securities 8 Flashcards
Same business day
Settlement date for cash transactions
1 business day
regular way settlement for US government securities and options
2 business days
ex-dividend date relationship to record date for stock
3 business days
regular way settlement for corporate and municipal securities
5 business days
Reg T: cash purchases must be paid in full
15 calendar days
maximum length of time a customer can place options orders before the signed option agreement is required
20 calendar days
cooling off period: minimum time between filing date and registration
30 calendar days
IRS wash sale period before and after a trade
60 calendar days
maximum period of time to roll over holdings from one qualified plan to another without penalty
90 calendar days
maximum time for a letter of intent to be backdated
length of time cash account can be frozen for nonpayment
6 months
frequency IC’s are required to send reports to shareholders
13 months
length of time covered by a letter of intent
16 months
maximum length of time an IC’s prospectus is valid
