Try Magic Notes and save time.Try it free
Try Magic Notes and save timeCrush your year with the magic of personalized studying.Try it free

S66 Additional Information

Get a hint
Access Person
Click the card to flip 👆
1 / 12
1 / 12
Terms in this set (12)
Access Person
IA supervised person who:1) has access to nonpublic information regarding clients' purchase and sale of securities2) is involved in making securities recommendations to clients, or who has access to such recommendations that are nonpublic
Access person:a report for review of all personal securities transactions and holdings held at or through a non-affiliated BD - How often?

*A holdings report must be provided by the access person to the IA's chief compliance officer or designee no later than X days after becoming an access person and no more than X days prior.

* A detailed transaction report must also be provided by the access person to the IA's chief compliance officer (or designee) at least X days after the end of a calendar quarter.

* each trade must be
* a report for review of all personal securities transactions and holdings held at or through a non-affiliated BD on a periodic basis. (typically not even allowed to open them)
*A holdings report must be provided by the access person to the IA's chief compliance officer or designee no later than 10 days after becoming an access person and no more than 45 days prior.
* A detailed transaction report must also be provided by the access person to the IA's chief compliance officer (or designee) at least 30 days after the end of a calendar quarter.
*pre-authorized in writing
Fee Updates:
Updates and amendments, including changes in an IA's fee structure, must be filed within x days at the end of the adviser's fiscal year.
90 days
TOD accounts - T/F?
avoid probate
estate tax
avoids probate
does not avoid estate tax
TOD - can you designate %'s of what goes to the beneficiaries?
can it be changed after in place?
yes
yes