Deadline Approaching for Filing the Form 13F with the SEC
Is your investment advisor firm required to file quarterly the Form 13F with the SEC?
According to Section 13(f) of the Securities Exchange Act of 1934, an institutional money manager that exercises investment discretion over $100 million of Section 13(f) securities must submit quarterly 13F reports to the U.S. Securities and Exchange Commission ("SEC"). Since a registered investment advisor firm meets the definition of an institutional money manager, it is subject to this rule when the investment advisor firm exercises investment discretion over $100 million of Section 13(f) securities.
An investment advisor firm that does not currently submit Form 13F reports with the SEC needs to verify that it did not exceed the 13(f) discretion threshold of $100 million at any time during calendar year 2009. To the extent your investment advisor firm exceeded $100 million of Section 13(f) securities any time during 2009, your investment advisor firm will need to file its first Form 13F by February 15, 2010. The Form 13F must report ending values as of December 31, 2009. Your investment advisor firm will then need to submit filings for quarters ending March, June, and September 2010, even if the market value of your Section 13(f) securities falls below the $100 million level.
Finally, current Form 13F filers that exceeded $100 million of discretionary 13(f) securities on the last trading day of at least one month during the year 2009 must also submit their fourth quarter 2009 reports by February 15, 2010.
According to Section 13(f) of the Securities Exchange Act of 1934, an institutional money manager that exercises investment discretion over $100 million of Section 13(f) securities must submit quarterly 13F reports to the U.S. Securities and Exchange Commission ("SEC"). Since a registered investment advisor firm meets the definition of an institutional money manager, it is subject to this rule when the investment advisor firm exercises investment discretion over $100 million of Section 13(f) securities.
An investment advisor firm that does not currently submit Form 13F reports with the SEC needs to verify that it did not exceed the 13(f) discretion threshold of $100 million at any time during calendar year 2009. To the extent your investment advisor firm exceeded $100 million of Section 13(f) securities any time during 2009, your investment advisor firm will need to file its first Form 13F by February 15, 2010. The Form 13F must report ending values as of December 31, 2009. Your investment advisor firm will then need to submit filings for quarters ending March, June, and September 2010, even if the market value of your Section 13(f) securities falls below the $100 million level.
Finally, current Form 13F filers that exceeded $100 million of discretionary 13(f) securities on the last trading day of at least one month during the year 2009 must also submit their fourth quarter 2009 reports by February 15, 2010.
Labels: Form 13F
posted by bhill at 1:31 PM
Fourth Quarter 2008 Form 13F Reports – RIA Compliance Consultants 13F Webinar on January 8, 2009
According to Section 13(f) of the Securities Exchange Act of 1934, an institutional money manager that exercises investment discretion over $100 million of Section 13(f) securities must submit quarterly 13F reports to the SEC. Registered investment advisors meet the definition of institutional money manager and are therefore subject to this rule when they exercise investment discretion over $100 million of Section 13(f) securities. A registered investment advisor that does not currently submit Form 13F reports with the SEC needs to make sure it did not exceed the 13(f) discretion threshold of $100 million at any time during calendar year 2008. To the extent your firm did exceed $100 million of Section 13(f) securities any time during 2008, your firm will need to file its first Form 13F by February 14, 2009. The Form 13F must report ending values as of December 31, 2008. Your firm will then need to submit filings for quarters ending March, June, and September 2009, even if the market value of your Section 13(f) securities falls below the $100 million level. Current Form 13F filers that exceeded $100 million of discretionary 13(f) securities on the last trading day of at least one month during the year 2008 must also submit their fourth quarter 2008 reports by February 14, 2009.
Does your firm need to begin preparing and/or continue submitting Form 13F to be in compliance with Section 13(f) of the Securities Exchange Act of 1934? If you are unsure or would like to learn more about the reporting of Section 13(f) securities please join us for our webinar, “Filing 13F Reports”, next Thursday, January 8, 2009 at 12:00 CST. The registration fee for our webinar is $59.95. The goal of our webinar is to help attendees better understand when a registered investment adviser is required to file the Form 13F. We will discuss how a filing firm can establish an EDGAR account, examine what is and what is not a Section 13(f) security, and then closely review the Form 13F instructions.
If you are unable to attend the webinar, please contact us to learn more about our Form 13F consulting services which focus on helping registered investment advisors understand the Section 13(f) requirements and then help your investment advisor to determine whether your firm is required to file a Form 13F. Through strategic alliances with EDGAR filing firms, we can help your firm establish an EDGAR account and timely submit all required reports.
Does your firm need to begin preparing and/or continue submitting Form 13F to be in compliance with Section 13(f) of the Securities Exchange Act of 1934? If you are unsure or would like to learn more about the reporting of Section 13(f) securities please join us for our webinar, “Filing 13F Reports”, next Thursday, January 8, 2009 at 12:00 CST. The registration fee for our webinar is $59.95. The goal of our webinar is to help attendees better understand when a registered investment adviser is required to file the Form 13F. We will discuss how a filing firm can establish an EDGAR account, examine what is and what is not a Section 13(f) security, and then closely review the Form 13F instructions.
If you are unable to attend the webinar, please contact us to learn more about our Form 13F consulting services which focus on helping registered investment advisors understand the Section 13(f) requirements and then help your investment advisor to determine whether your firm is required to file a Form 13F. Through strategic alliances with EDGAR filing firms, we can help your firm establish an EDGAR account and timely submit all required reports.
Labels: Form 13F
posted by bhill at 10:38 AM
SEC Extends Order Requiring the use of Form SH – Reports for Period September 29 through October 5, 2008 Due Today
The United States Securities and Exchange Commission ("SEC") has extended its temporary order requiring institutional investment managers to report short sales of Section 13(f) securities. The order has been extended so that it will now terminate at 11:59 p.m. ET on October 17, 2008.
The order requires every institutional investment manager that filed, or was required to file, Form 13F for the calendar quarter ended June 30, 2008 to file a report disclosing the number and value of securities sold short for each section 13(f) security. This information must be reported on the new Form SH and must include all section 13(f) securities sold short. The new form must be filed through EDGAR. Reports must be filed on the first business day of every calendar week immediately following a week in which the institutional investment manager affected short sales. Therefore, the first reports should have been filed last Monday, September 29, 2008. The second of these reports is due today, Monday, October 6, 2008 by 5:30 ET. Disclosure of short positions and short sales will only be made to the SEC, and not publicly available, which appears to be a direct result of requests made by numerous institutional investment managers.
According to the SEC’s October 1 press release, while the order is temporary, the SEC intends that the order will continue in effect beyond October 17, 2008 without interruption in the form of an interim final rule. The SEC will seek comments on all aspects of the anticipated rule.
RIA Compliance Consultants, Inc. provides Form SH consulting services on an hourly-fee basis. Please contact Jarrod James, Senior Compliance Consultant, if your firm needs help understanding the Form SH requirements, preparing the Form SH or submitting Form SH.
The order requires every institutional investment manager that filed, or was required to file, Form 13F for the calendar quarter ended June 30, 2008 to file a report disclosing the number and value of securities sold short for each section 13(f) security. This information must be reported on the new Form SH and must include all section 13(f) securities sold short. The new form must be filed through EDGAR. Reports must be filed on the first business day of every calendar week immediately following a week in which the institutional investment manager affected short sales. Therefore, the first reports should have been filed last Monday, September 29, 2008. The second of these reports is due today, Monday, October 6, 2008 by 5:30 ET. Disclosure of short positions and short sales will only be made to the SEC, and not publicly available, which appears to be a direct result of requests made by numerous institutional investment managers.
According to the SEC’s October 1 press release, while the order is temporary, the SEC intends that the order will continue in effect beyond October 17, 2008 without interruption in the form of an interim final rule. The SEC will seek comments on all aspects of the anticipated rule.
RIA Compliance Consultants, Inc. provides Form SH consulting services on an hourly-fee basis. Please contact Jarrod James, Senior Compliance Consultant, if your firm needs help understanding the Form SH requirements, preparing the Form SH or submitting Form SH.
posted by bhill at 9:44 AM
SEC Issues Guidance Regarding the Reporting of Short Selling by Certain Institutional Investment Managers
Yesterday, the U.S. Securities and Exchange Commission ("SEC") posted a set of questions and answers concerning the SEC’s temporary order requiring certain institutional investment managers to report short sales. Effective this week, institutional investment managers must report daily short sales of section 13(f) securities. According to the SEC, questions and answers presented on their website, were prepared by and represent the views of the Staff of the Divisions of Corporation Finance, Investment Management, and Trading and Markets to assist in the understanding and application of the order. The questions and answers are not rules, regulations, or statements of the SEC. You can read the SEC’s set of questions and answers by clicking the following link - http://www.sec.gov/divisions/marketreg/shortsaledisclosurefaq.htm.
Labels: Form 13F, Short Sales
posted by bhill at 10:12 AM
SEC Amends Order Requiring Certain Institutional Investment Managers to Report New Short Sales of Section 13(f) Securities
The United States Securities and Exchange Commission ("SEC") approved amendments to its temporary rule requiring the reporting of short sales of Section 13(f) securities by institutional investment managers. According to a press release issued yesterday, in addition to making technical amendments, the revised order provides that information submitted on Form SH will not be made publicly available immediately. Two weeks after the September 29, 2008 due date of the first Forms SH, the SEC will make the Forms available to the public. This amendment was made in an effort to help prevent artificial volatility in securities markets. It was perceived that by making the information available immediately investors could possibly mirror the short selling of other investors and thus further deteriorate certain stocks.
The order requiring Form SH is now in effect and temporarily requires every institutional investment manager that filed, or was required to file, Form 13F for the calendar quarter ended June 30, 2008 to file a report disclosing the number and value of securities sold short for each section 13(f) security. This information must be reported on the new Form SH. All section 13(f) securities sold short must be reported on Form SH. The new form must be filed through EDGAR. Reports must be filed on the first business day of every calendar week immediately following a week in which the institutional investment manager affected short sales. This order is also set to expire on October 2, 2008 unless extended.
RIA Compliance Consultants, Inc. provides Form SH consulting services on an hourly-fee basis. Please contact Jarrod James, Senior Compliance Consultant, if your firm needs help understanding the Form SH requirements, needs help preparing the Form SH, or requires assistance to submit Form SH.
Labels: Form 13F
posted by bhill at 5:03 PM
Webinar - Complying with SEC's Emergency Order Requiring 13F Filers to Report Short Sales
If your firm is required to file the Form 13F with the U.S. Securities and Exchange Commission ("SEC"), are you prepared to file your first Form SH via EDGAR by September 29, 2008 pursuant to the SEC's emergency order issued last week?
If you are not ready to file your Form SH, please take this opportunity to better understand the details of the SEC's emergency order issued last week regarding the reporting of short sales by 13F filers by purchasing a seat to our webinar, "Complying with SEC's Emergency Order Requiring 13F Filers to Report Short Sales by September 29, 2008," on Wednesday, September 24, 2008 from 12:00 p.m. to 1:00 p.m. CST.
In order to participate in this one-hour webinar on Wednesday, September 24, 2008, you will need to purchase a seat by paying a registration fee of $60 to RIA Compliance Consultants. You can start the registration process by clicking here. Please contact Annie Dilocker with RIA Compliance Consultants at 877-345-4034 in order to process your credit card payment for the registration fee.
Title: Complying with SEC's Emergency Order Requiring 13F Filers to Report Short Sales by September 29, 2008
Date: Wednesday, September 24, 2008
Time: 12:00 PM - 1:00 PM CDT
Registration Fee: Sixty Dollars ($60)
PC-Based Attendees Require Windows® 2000, XP Home, XP Pro, 2003 Server, or Vista
Macintosh®-Based Attendees Require Mac OS®
If you are not ready to file your Form SH, please take this opportunity to better understand the details of the SEC's emergency order issued last week regarding the reporting of short sales by 13F filers by purchasing a seat to our webinar, "Complying with SEC's Emergency Order Requiring 13F Filers to Report Short Sales by September 29, 2008," on Wednesday, September 24, 2008 from 12:00 p.m. to 1:00 p.m. CST.
In order to participate in this one-hour webinar on Wednesday, September 24, 2008, you will need to purchase a seat by paying a registration fee of $60 to RIA Compliance Consultants. You can start the registration process by clicking here. Please contact Annie Dilocker with RIA Compliance Consultants at 877-345-4034 in order to process your credit card payment for the registration fee.
Title: Complying with SEC's Emergency Order Requiring 13F Filers to Report Short Sales by September 29, 2008
Date: Wednesday, September 24, 2008
Time: 12:00 PM - 1:00 PM CDT
Registration Fee: Sixty Dollars ($60)
PC-Based Attendees Require Windows® 2000, XP Home, XP Pro, 2003 Server, or Vista
Macintosh®-Based Attendees Require Mac OS®
Labels: Form 13F
posted by bhill at 8:22 PM
SEC Releases Emergency Orders to Halt Short Selling of Financial Stocks and Report Short Selling of Section 13(f) Securities
Breaking News – The SEC has implemented two emergency orders regarding the practice of short selling. You can read the SEC press release announcing the orders by clicking here. The first order takes effect immediately and is intended to halt short selling of 799 financial stocks. According to the press release, “This decisive SEC action calls a time-out to aggressive short selling in financial institution stocks, because of the essential link between their stock price and confidence in the institution.” The moratorium on short selling financial stocks will expire at 11:59 p.m. EST on October 2, 2008, unless extended.
The second order has an immediate and direct impact on Form 13F filers. It becomes effective this Monday, September 22, 2008. The order temporarily requires every institutional investment manager that filed, or was required to file, Form 13F for the calendar quarter ended June 30, 2008 to file a report disclosing the number and value of securities sold short for each section 13(f) security. This information must be reported on the new Form SH. All section 13(f) securities sold short must be reported on Form SH. The new form must be filed through EDGAR. Reports must be filed on the first business day of every calendar week immediately following a week in which the institutional investment manager affected short sales. Therefore, the first reports must be filed on Monday, September 29, 2008. This order is also set to expire on October 2, 2008 unless extended.
RIA Compliance Consultants, Inc. provides Form SH consulting services on an hourly-fee basis. Please contact Jarrod James, Senior Compliance Consultant, if your firm needs help understanding the Form SH requirements, needs help preparing the Form SH, or requires assistance to submit Form SH.
The second order has an immediate and direct impact on Form 13F filers. It becomes effective this Monday, September 22, 2008. The order temporarily requires every institutional investment manager that filed, or was required to file, Form 13F for the calendar quarter ended June 30, 2008 to file a report disclosing the number and value of securities sold short for each section 13(f) security. This information must be reported on the new Form SH. All section 13(f) securities sold short must be reported on Form SH. The new form must be filed through EDGAR. Reports must be filed on the first business day of every calendar week immediately following a week in which the institutional investment manager affected short sales. Therefore, the first reports must be filed on Monday, September 29, 2008. This order is also set to expire on October 2, 2008 unless extended.
RIA Compliance Consultants, Inc. provides Form SH consulting services on an hourly-fee basis. Please contact Jarrod James, Senior Compliance Consultant, if your firm needs help understanding the Form SH requirements, needs help preparing the Form SH, or requires assistance to submit Form SH.
posted by bhill at 3:48 PM
SEC's Form 13F Filing Deadline Approaching for Investment Advisers Acting as Institutional Money Managers
Registered investment advisors that file the Form 13F with U.S. Securities and Exchange Commission ("SEC") should remember that reports must be filed within 45 days of the end of each calendar quarter. Therefore, fourth quarter Form 13F reports must be submitted to the SEC via EDGAR by February 14, 2008. 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 to the SEC. 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.
If your registered investment advisor does not currently submit Form 13F reports with the SEC, your investment advisor needs to make sure it did not exceed 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 met the threshold as of December 31, 2007, it must file its first Form 13F by February 14, 2008. For more information about the reporting requirements of Sections 13(d) , 13(f) and 13(g) of the Securities Exchange Act of 1934, you can visit RIA Compliance Consultants' frequently asked questions webpage.
RIA Compliance Consultants' Form 13F services focus on helping registered investment advisors understand the Section 13(f) requirements and then help your investment advisor to determine whether your firm is required to file a Form 13F. We also provide the tools needed to establish an EDGAR account with the SEC and provide assistance with the preparation and submission of the Form 13F. Contact RIA Compliance Consultants to find out if our services can benefit your registered investment advisor.
If your registered investment advisor does not currently submit Form 13F reports with the SEC, your investment advisor needs to make sure it did not exceed 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 met the threshold as of December 31, 2007, it must file its first Form 13F by February 14, 2008. For more information about the reporting requirements of Sections 13(d) , 13(f) and 13(g) of the Securities Exchange Act of 1934, you can visit RIA Compliance Consultants' frequently asked questions webpage.
RIA Compliance Consultants' Form 13F services focus on helping registered investment advisors understand the Section 13(f) requirements and then help your investment advisor to determine whether your firm is required to file a Form 13F. We also provide the tools needed to establish an EDGAR account with the SEC and provide assistance with the preparation and submission of the Form 13F. Contact RIA Compliance Consultants to find out if our services can benefit your registered investment advisor.
Labels: Form 13F
posted by bhill at 7:17 PM
Third Quarter 2007 Form 13F Reports due by Mid-November
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.
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.
Labels: Form 13F
posted by bhill at 11:10 AM
SEC Settles a Form 13F Filing Violation for a $100,000 Penalty
Earlier today, the United States Securities and Exchange Commission ("SEC") issued Investment Advisers Act of 1940 Release No. 2634 (August 15, 2007) announcing its settlement with Quattro Global Capital, LLC, a registered investment adviser to a group of hedge funds, for failing to properly file the Form 13F.
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 report their holdings by filing the Form 13F with the SEC via the EDGAR system each quarter.
The SEC found that Quattro failed to file its quarterly 13F Form with the SEC during the period of February 2002 through May 2005 despite its obligation to do so. Without admitting or denying the SEC's findings, Quattro consented to an order by the SEC to cease and desist from violating Section 13(f) and SEC Rule 13f-1 thereunder and pay a civil penalty of $100,000.
Since an investment adviser is considered an institutional money manager for purposes of Section 13(f), this settlement 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 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.
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 report their holdings by filing the Form 13F with the SEC via the EDGAR system each quarter.
The SEC found that Quattro failed to file its quarterly 13F Form with the SEC during the period of February 2002 through May 2005 despite its obligation to do so. Without admitting or denying the SEC's findings, Quattro consented to an order by the SEC to cease and desist from violating Section 13(f) and SEC Rule 13f-1 thereunder and pay a civil penalty of $100,000.
Since an investment adviser is considered an institutional money manager for purposes of Section 13(f), this settlement 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 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.
Labels: Enforcement, Form 13F
posted by bhill at 9:13 PM
