Author: SEC

A municipal bond not secured by any assets; instead it is backed by the issuer’s power to tax residents to pay bondholders.

Markets that trade futures contracts for commodities such as gold, oil or wheat, as well as financial futures.

An agreement to buy or sell a specific quantity of a commodity or financial instrument at a specified price on a particular date in the future.

The value of an asset at a specified date in the future.

An upfront sales charge investors pay when they buy fund shares. It generally is used by the fund to compensate brokers. A front-end load is deducted from the purchase and reduces the amount available to buy fund shares.

In a cash account, an investor must pay for the purchase of a security before selling it.  If an investor buys and sells a security before paying for it, the investor is “freeriding,” which is not permitted under the Federal Reserve Board’s Regulation T and may require the investor’s broker to “freeze” the investor’s cash account for 90… Continue reading FREEZE, BROKERAGE ACCOUNT

In a cash account, an investor must pay for the purchase of a security before selling it.  If an investor buys and sells a security before paying for it, the investor is “freeriding” which is not permitted under the Federal Reserve Board’s Regulation T and may require the investor’s broker to “freeze” the investor’s cash account for 90 days.  During this 90-day… Continue reading FREERIDING

Variable annuity contracts typically have a “free look” period of ten or more days. During this period, you are free to terminate your contract without paying any surrender charges and you will receive a refund for the amount you paid. The “free look” period is a time for you to continue to ask questions so… Continue reading FREE LOOK PERIOD

A person whose goal is to con people out of their money.

Companies may use an exemption under Regulation D to offer and sell securities without having to register the offering with the SEC. When relying on such an exemption, companies must file what’s known as a “Form D” after they first sell their securities. Form D is a brief notice that includes basic information about the company and… Continue reading FORM D