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S7 - Customer and Account Documentation - Coggle Diagram
S7 - Customer and Account Documentation
Registration and disclosure documents (regulatory filings)
Registration Statement (Form S-1)
Filed with the SEC for new issues / Issuers info, financials, risk factors / Divided into 2 parts: 1) prospectus info 2) additional info
Prospectus
Delivered to investors / summarizes key info from S-1 / Final Prospectus = after SEC approval (effective date)
Preliminary Prospectus (Red Herring)
Filed during cooling off period / lacks final offering price and effective date / used for indications of interest
From CRS under Reg BI
summary of relationship, fees, conflicts / delivered before account opening
Customer privacy notice - regulation SP
GLBA privacy disclosure / opt out rights for sharing non-public info
Form U4 by FINRA
Form U5
Form ADV - Investment Adviser disclosure :question:
Distribution and underwriting agreements
Used among the investment banks and dealers handling the offering
Syndicate Agreement
Outlines each underwriter's liability and share of the issue / Specifies type of underwriting (firm commitment, best efforts)
Selling Group Agreement
Between managing underwriter and selling group members (non-syndicate)
Legal and Supporting documents (Compliance/ Investor Protection)
Legal Opinion
Issuer's counsel / confirms the issue is legally binding and conforms to laws
Bond resolution (Trust Indenture, Indenture)
For corporate bonds or muni bonds / defines bondholder rights, issuer obligations and trustee duties
Account Opening documents
New account form
establishes suitability base and signed by principal
Margin agreement - Reg T
mandatory / explains loan terms, interest, collateral
Options agreement
before 1st option trade ( approval within 15 days)