Third Quarter 2007 Form 13F Reports due by Mid-November

October 24, 2007

RIA Compliance Consultants, Inc. would like to remind Form 13F filers that reports must be filed within 45 days of the end of each calendar quarter. Therefore, third quarter Form 13F reports must be submitted via EDGAR by November 14. Under Section 13(f) of the Securities Exchange Act of 1934 and Rule 13f-1 thereunder, an institutional money manager which exercises investment discretion over $100,000,000 of Section 13(f) securities must submit quarterly 13F reports. Registered investment advisors meet the definition of institutional money manager and are therefore subject to this rule when the firm exercises investment discretion over $100,000,000 of Section 13(f) securities.

Even if your firm is not currently required to submit Form 13F reports, this time period is an excellent opportunity for your registered investment adviser firm to review whether it has reached the discretion threshold of $100,000,000 of Section 13(f) securities, which generally includes exchange-traded or NASDAQ-quoted stocks, equity options and warrants, shares of closed-end investment companies, exchanged traded funds and certain convertible debt securities but excludes open-end investment company mutual funds. On the SEC’s website, there’s an official list of Section 13(f) securities. If your registered investment advisor has met the threshold, it does not need to file its first Form 13F until the end of the 2007 calendar year. The first Form 13F report must be submitted within 45 days of the end of 2007, reflecting Section 13(f) securities holdings as of December 31, 2007.

If your investment adviser firm needs assistance in filing its Form 13F via EDGAR or determining if it has reached the investment discretion threshold of $100,000,000 in Section 13(f) securities, please contact RIA Compliance Consultants to learn more about our services in this area.

Posted by Bryan Hill
Labels: Form 13F