Category: Investor Definitions

The Investment Adviser Registration Depository (IARD) functions as a one-stop electronic filing system for investment advisers.  All SEC-registered investment advisers and investment advisers applying to register with the SEC must file Form ADV and amendments to Form ADV electronically through IARD.  Most states also require investment advisers registered in their states to submit filings electronically through IARD, although… Continue reading INVESTMENT ADVISER REGISTRATION DEPOSITORY (IARD)

The Investment Adviser Public Disclosure (IAPD) database contains registration documents filed by investment adviser firms that register electronically using the Investment Adviser Registration Depository (IARD). IAPD also contains registration information filed with the states by individuals acting as investment adviser representatives, if they are required to register. Not all states require investment adviser representatives to register. Through IAPD, you can:… Continue reading INVESTMENT ADVISER PUBLIC DISCLOSURE (IAPD)

An investment adviser is a person or firm that is engaged in the business of providing investment advice to others or issuing reports or analyses regarding securities, for compensation. Investment advisers may include money managers, investment consultants, financial planners, general partners of hedge funds, and others who are compensated for providing advice about securities. Advice… Continue reading INVESTMENT ADVISER

The SEC’s Division of Enforcement conducts investigations into potential violations of the federal securities laws. Common violations include misrepresenting important information about potential investments, manipulating the market prices of securities, stealing customers’ funds or securities, insider trading, and selling unregistered securities. Although each SEC investigation is unique, here are a few common characteristics: SEC investigations… Continue reading INVESTIGATIONS

To engage in any activity in which money is put at risk for the purpose of making a profit.

An interval fund is a type of investment company that periodically offers to repurchase its shares from shareholders. That is, the fund periodically offers to buy back a stated portion of its shares from shareholders. Shareholders are not required to accept these offers and sell their shares back to the fund. Legally, interval funds are classified as closed-end… Continue reading INTERVAL FUND

The Internet allows individuals or companies to communicate with a large audience without spending a lot of time, effort, or money. Anyone can reach tens of thousands of people by building an Internet Web site, posting a message on an online bulletin board, entering a discussion in a live “chat” room, or sending mass e-mails.… Continue reading INTERNET FRAUD

The price paid for borrowing money. It is expressed as a percentage rate over a period of time. Interest rates may be fixed, meaning the rate is set and will not change, or may be variable or “floating,” meaning the rate may move higher or lower over time.

Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, on the basis of material, nonpublic information about the security. Insider trading violations may also include “tipping” such information, securities trading by the person “tipped,” and securities trading by those who… Continue reading INSIDER TRADING

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