The IARD system is maintained by FINRA, and keeps track of all adviser registrations, which states they are licensed to work in, all licenses they hold, and any customer complaints.
It simplified the registration requirements of the Investment Advisers Act of 1940. The Investment Adviser Registration Depository (IARD) was established in 2001 to streamline the registration requirements of the Investment Advisors Act of 1940. The act required that all advisers register with the SEC and the states in which they practice.
The IARD system allows advisers to register for the Federal and state databases with one filing, and to pay state fees automatically online. The Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) and FINRA all have played a role in establishing and maintaining the database.
Registrations are publicly accessible, and consumers are encouraged to double check to make sure anyone soliciting securities from them is properly registered.
Active management is when an investor or money manager attempts to outperform an index or benchmark using tactic strategy
Buying a stock means taking an ownership position in a publicly traded company. Once you purchase a stock, you...
Commodities are more volatile than most assets. The supply-demand dynamics of commodities are continuously changing rapidly
403(b) contribution limits are currently the same as 401(k) limits, and are adjusted for inflation at the same rate
A plus tick is a transaction which occurs at a price higher than the transaction before it, also called an uptick
Unlevered beta is a measurement of the Beta of a company when the effects of debt (leverage) are removed
Operating profit is synonymous to operating income, and represents a company’s profitability from its core operations
Most people recognize this as a “routing number.” The American Bankers Association (ABA) assigns a number to each bank
Capital Accumulation is the act of acquiring more assets which will generate more profits or other benefits to the Co.
Some people use the term “home office” to loosely refer to the fact that they work primarily from their home, while...