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Regulation of Persons
Regulations of Securities and Issuers
Remedies and Administrative Provisions
Ethical Practices and Fiduciary Obligations
Acts of S6 & S63
100
The most prominent of these is FINRA, but there are others such as Municipal Securities Rulemaking Board (MSRB), the Chicago Board OPtions Exchange (CBOE), and the Investment Industry Regulatory Organization (IIRO) of Canada.
What is Self Regulatory Organization
100
An investor that manages large amounts of money, such as a mutual fund, an insurance company, a bank, or a pension fund.
What is Institutional investor
100
When the conditions that led to the issuance of the stop order have changed for the better, this is the legal term used to describe the lifting of the stop order.
What is Vacated
100
This occurs when market participants agree to buy and sell securities among themselves to create the appearance of activity or trading in a security.
What is Matched orders
100
Legislation that defines what constitutes the illicit use of nonpublic information in making securities trades and the liabilities and penalties that apply.
What is Insider Trading and Securities Fraud Enforcement Act of 1988
200
Minors, deceased individuals, and individuals legally declared mentally incompetent.
What is Nonpersons
200
One in which the proceeds of the sale do not go, directly or indirectly, to the entity that originally offered the securities to the public.
What is Nonissuer transaction
200
The deliberate or willful concealment, misrepresentation or omission of material information or the truth to deceive or manipulate another person for unlawful or unfair gain.
What is Fraud
200
An attempt to manipulate a security's price by creating an apparent interest in the security that really does not exist.
What is Wash trade
200
Legislation passed by Congress that requires certain investment advisers to register as such with the SEC and to abide by all federal acts, and to treat its customers in a fair and equitable manner.
What is Investment Advisers Act of 1940
300
A template or guide that each state uses in drafting its securities legislation.
What is Uniform Securities Act (USA)
300
Rule 501 of Reg D considers an individual with net worth greater than $1million on the date of purchase, individually or with a spouse, excluding the net equity in the primary residence. One may also qualify with earnings greater than $200k per year (300k if including spouse) in each of the previous two years and a reasonable expectation of reaching that level in the current year.
What is Accredited Investor
300
The legal term used to refer to a person who is the subject of an injunction.
What is Enjoined
300
Misleading or untrue statements, failure to state material facts and using insider information.
What is Fraudulent acts
300
Establishes the US Treasury Department as the lead agency for developing regulations in connection with anti-money laundering programs and requires broker/dealers to establish internal compliance procedures to detect abuses. The idea behind this act is to prevent "clean" money from being used for "dirty" purposes (such as terrorist activities).
What is Patriot Act
400
He has the power to make rules and issue orders. He has jurisdiction over the registration of securities professionals and securities. He can deny, suspend or revoke registrations. Overall, this is one powerful person.
What is Administrator
400
Notice filing, coordination and qualification
What is Methods of State Registration of Securities
400
When the seller of securities discovers that he has made a sale in violation of the USA, the seller may offer to repurchase the securities from the buyer.
What is Right of rescission
400
This must be updated each year by filing an annual updating amendment within 90 days after the end of the adviser's fiscal year.
What is Form ADV
400
This act aims to protect investors by regulating the exchanges, OTC market, the extension of credit by the Federal Reserve Board, broker/dealers, insider transactions, trading activities, client accounts, and the net capital.
What is Securities Exchange Act of 1934
500
Federal legislation designed to integrate securities markets and eliminate conflicting state and federal securities legislation.
What is National Securities Markets Improvements Act (NSMIA)
500
Collectibles, fixed annuities, precious metals, grains, futures, real estate, and currencies.
What is Nonsecurity Investments
500
If a person who is the subject of an investigation refuses to furnish the required evidence or just ignore the subpoena, this type of disobedience is known as:
What is Contumacy
500
The adviser acts as agent for both its advisory client and the party on the other side of the trade.
What is Agency cross transaction
500
The federal legislation requiring the full and fair disclosure of all material information about the issuance of new securities.
What is Securities Act of 1933