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Regulatory Notice 12-40
Regulatory Notice 12-40

... SEC Approves New FINRA Rule 5123 Regarding Private Placements of Securities ...
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Alternative Investment Fund Managers Directive
Alternative Investment Fund Managers Directive

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Integration of financial services
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... met the majority of our objectives for 2001, although we did fall short in a couple of areas. Looking back at 2001, what pleases me most is that despite significant acquisition costs, higher loan losses, one-time restructuring charges, weak equity markets and larger-than-forecast losses in RBC Dain ...
SA BlackRock VCP Global Multi Asset Portfolio Summary
SA BlackRock VCP Global Multi Asset Portfolio Summary

... attractiveness of countries and sectors, as well as average market capitalization. The subadviser will assess each investment’s changing characteristics relative to its contribution to portfolio risk within that discipline and will sell the investment when it no longer offers an appropriate return-t ...
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February 9, 1994 File No. ---------------
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Municipal Market: How Rates Rise Matters
Municipal Market: How Rates Rise Matters

... Investors should contact a tax advisor regarding the suitability of tax-exempt investments in their portfolios. If sold prior to maturity, municipal securities are subject to gain/losses based on the level of interest rates, market conditions and the credit quality of the issuer. Income may be subje ...
Chapter 2 -- The Business, Tax, and Financial Environments
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... Describe the purpose and make up of financial markets. Demonstrate an understanding of how letter ratings of the major rating agencies help you to judge a security’s default risk. Understand what is meant by the term “term structure of interest rates” and relate it to a “yield curve.” Van Horne and ...
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... investments were actively involved in the oil refining, chemicals, and transportation branches. The cumulative share of these branches has made more than 54%.6 An analysis of Table 1 shows that in 2004-2005, most foreign investments involved the production sector, especially in 2005, when they decre ...
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... Remember that 403(b) plans can be sponsored by public schools and by 501(c)(3) nonprofit organizations. While 403(b) plans of public schools have a statutory exemption from the Employee Retirement Income Security Act (ERISA), the same cannot automatically be said of those plans offered by 501(c)(3) ...
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... a person who is attempting to cover up a conspiracy with Martinson. On the contrary, his reference to Cloete, who could have been asked at any time to explain his conduct and the incorrect allocations, in my view shows his honesty in this respect. If he had been party to any conspiracy with Martinso ...
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Insights into Evaluating Exchange Traded Funds

... progressively more onerous. Consider the fact that there were 648 product launches in 2010 alone helping to bring the number of industry offerings to over 2,600 with assets of US$1.6 trillion worldwide today.1 This growth has been fuelled by products that offer exposure to more diverse asset classes ...
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Investment banking

An investment bank is a financial institution that assists individuals, corporations, and governments in raising financial capital by underwriting or acting as the client's agent in the issuance of securities (or both). An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, and FICC services (fixed income instruments, currencies, and commodities).Unlike commercial banks and retail banks, investment banks do not take deposits. From 1933 (Glass–Steagall Act) until 1999 (Gramm–Leach–Bliley Act), the United States maintained a separation between investment banking and commercial banks. Other industrialized countries, including G7 countries, have historically not maintained such a separation. As part of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act of 2010), the Volcker Rule asserts full institutional separation of investment banking services from commercial banking.The two main lines of business in investment banking are called the sell side and the buy side. The ""sell side"" involves trading securities for cash or for other securities (e.g. facilitating transactions, market-making), or the promotion of securities (e.g. underwriting, research, etc.). The ""buy side"" involves the provision of advice to institutions concerned with buying investment services. Private equity funds, mutual funds, life insurance companies, unit trusts, and hedge funds are the most common types of buy side entities.An investment bank can also be split into private and public functions with an information barrier which separates the two to prevent information from crossing. The private areas of the bank deal with private insider information that may not be publicly disclosed, while the public areas such as stock analysis deal with public information.An advisor who provides investment banking services in the United States must be a licensed broker-dealer and subject to U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulation.
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