The de minimus notional amount under which approval is automatically granted
What is $10,000?
100
How we let states know we have clients in their state.
What is Notice Filing?
100
A 3c7 Fund investor must meet these three criteria
What are Accredited Investor, Qualified Client and Qualifed Purchaser?
100
The primary legislation regulating investment adviser firms.
What is Investment Advisers Act of 1940?
100
This provides that no contract may be assigned without written consent from the client
What a non-assignment clause?
200
The frequency for required attestation that you have reviewed and understand the Firm’s policies and procedures regarding personal securities transactions and have reported all required transactions.
What is quarterly, within 15 days of quarter end?
200
How often our full ADV must be DELIVERED to existing clients.
What is annually?
200
A 3c1 Fund investor must meet these two criteria
What are Accredited Investor and Qualified Client?
200
A person or firm engaged in the business of providing personalized investment advice for compensation.
What is the definition of an Investment Adviser (as defined by the IA of 1940)?
200
A prohibited statement that would lead a client to believe it has waived legal rights.
What is a hedge clause?
300
This is a prohibited transaction in a personal account
What is an IPO?
300
At least annually, within 90 days after fiscal year and and "promptly" after any "material" changes to current filing.
How often must the ADV be updated?
300
This investor may be charged a performance fee
What is a Qualified Client?
300
The minimum AUM required in order to qualify for SEC (as opposed to state) registration.
What is $25 million, moving to $100 million in July 2011.
300
The purchase of BAAM by an unaffiliated adviser would trigger this event
What is an assignment of an IA contract?
400
This is the required holding period for personal securities
What is 30 days?
400
The acronym IARD stands for this.
What is the Investment Adviser Registration Depository?
400
The minimum amount of assets a Irrevocable Trust must have to be considered an Accredited Investor
What is $5 million.
400
This group does NOT need a subpoena to access our records and files.
What is the SEC?
400
The length of time each IMA must be kept
What is at least five years from the date of termination of the contract?
500
This is the amount of time you have to notify the CCO to a change (addition/deletion) in your reportable accounts
What 10 days?
500
The signatory for our ADV.
What is BAAM GP, LLC, becasue it is the General Partner of Baker Avenue Asset Management, LP?
500
An entity with at least $750K under managment is considered this.
What is a Qualified Client?
500
The current SEC Chairman
Who is Mary Schapiro?
500
Under these conditions, we do not need an IMA for a fee-paying client.