Formerly known as the Financial Reporting Release, Accounting Series Releases (ASRs) were publications by the U.S. Securities and Exchange Commission (SEC) that discussed policies and procedures related to financial reporting and accounting standards in the USA.
A deficiency letter is a written notice from the Securities and Exchange Commission (SEC) to a prospective issuer of securities, indicating that the preliminary prospectus needs revision or expansion. Addressing deficiency letters promptly is crucial to avoid prolonging the registration period.
Stocks and bonds that are exempt from certain Securities and Exchange Commission (SEC) and Federal Reserve Board (FRB) rules. Examples include government and municipal bonds, which are exempt from SEC registration requirements and FRB margin rules.
The Financial Accounting Standards Board (FASB) is a private, non-governmental organization established in 1973 to develop and issue standards for financial accounting and reporting. These standards are commonly referred to as Generally Accepted Accounting Principles (GAAP).
FINRA is a self-regulatory organization established in 2007 aimed at overseeing brokers and dealers in the United States securities market, providing training, arbitration, and enforcement of a written code of practice to ensure market integrity.
A Financial Reporting Release (FRR) is a pronouncement made by the Securities and Exchange Commission (SEC) in the United States on matters of financial reporting policy.
Financial Reporting Releases (FRRs) are official communications issued by the SEC providing guidance on various accounting and auditing matters to ensure transparency and accuracy in financial reporting.
A Flash Crash refers to a very sudden and severe drop in security prices, followed by a quick recovery. The term is most famously associated with the nearly 1,000-point drop in the Dow Jones Industrial Average (DJIA) on May 6, 2010.
The Investment Advisers Act of 1940 requires all investment advisers to register with the Securities and Exchange Commission (SEC) and is designed to protect the public from fraud or misrepresentation by investment advisers.
Legislation passed by Congress requiring registration and regulation of investment companies by the Securities and Exchange Commission. The Act sets the standards by which mutual funds and other investment companies operate.
A private offering, also known as private placement, refers to an investment or business offered for sale to a small group of investors, generally under exemptions to registration allowed by the Securities and Exchange Commission (SEC) and state securities registration laws.
An investment company, such as an open-end or closed-end mutual fund, that files a registration statement with the Securities and Exchange Commission and meets all the other requirements of the Investment Company Act of 1940.
Registration involves the official enrollment process applied in various contexts such as general enrollment, academic settings, and securities markets. In securities, it refers to the process set by the Securities Acts of 1933 and 1934 to ensure compliance and transparency.
Regulation U is a rule of the Securities and Exchange Commission (SEC) that governs the maximum amount of credit that banks may extend for the purchase of regulated securities.
Organized, national exchanges where securities, options, and commodities futures contracts are traded by members for their own accounts and for the accounts of customers.
The Securities and Exchange Commission (SEC) is a U.S. government agency that oversees the securities markets and protects investors by enforcing securities laws and regulations.
The Securities and Exchange Commission (SEC) is a federal agency empowered to regulate and supervise the selling of securities, prevent unfair practices on security exchanges and over-the-counter markets, and maintain a fair and orderly market for investors.
The SEC is a key regulatory body in the United States that enforces securities laws to protect investors and ensure fair and efficient markets.
The Securities Exchange Act of 1934 is a landmark piece of legislation that governs the securities markets in the United States. Enacted on June 6, 1934, this act was designed to regulate and oversee the secondary trading of securities (stocks, bonds, and debentures) to ensure fairness and transparency in financial markets. The act explicitly outlaws misrepresentation, fraud, manipulation, and other abusive practices related to the issuance and trading of securities. To enforce the provisions of both the Securities Act of 1933 and the Securities Exchange Act of 1934, the legislation established the Securities and Exchange Commission (SEC).
A standard auditors' report in the USA that conforms to the short-form reporting requirements of the Securities and Exchange Commission and the American Institute of Certified Public Accountants. The report is generally divided into two paragraphs: one outlining what the auditor has done and the other detailing the findings.
A Unit Investment Trust (UIT) is an investment vehicle registered with the SEC under the Investment Company Act of 1940. It purchases a fixed portfolio of securities, which may include corporate, municipal, or government bonds, mortgage-backed securities, common stock, or preferred stock.
