Finance

What Is Form TA-1? SEC Form TA-1 is a form used to officially apply for or amend registration as a transfer agent. A transfer agent is a trust company, bank, or similar financial institution assigned by a corporation for the purposes of maintaining all of its shareholders’ financial records and tracking each investor’s stock balance. Key

What Was SEC Form U-3A-2? The now-obsolete SEC Form U-3A-2 was required to be filed with the Securities and Exchange Commission (SEC) by any holding company that wanted to buy or merge with a utility company, and thus sought an exemption from the Public Utilities Company Holding Act (PUHCA) of 1935. Key Takeaways Holding companies that

What Is SEC Form U-7D? SEC form U-7D is a document that must be filed when a utility holding company leases a utility facility to an operating public utility company. It is a required filing by the Securities and Exchange Commission (SEC). Key Takeaways SEC Form U-7D must be filed after the execution of any

What is SEC Form X-17A-5 SEC Form X-17A-5 is a financial reporting form that all broker-dealers who are registered with the U.S. Securities and Exchange Commission (SEC) must complete. This form consists of three parts and contains an annual audit that must be performed by a certified public accountant (CPA). Breaking Down SEC Form X-17A-5 SEC Form X-17A-5 must be

What Are SEC MEF Filings? An SEC MEF filing concerns the registration of up to an additional 20% of securities for an offering under Rule 462(b) of the Securities Act of 1933. The filing is done by an issuer who is increasing the size of its offering. Key Takeaways: SEC MEF Filings are submitted to

What Is the Secondary Mortgage Market? The secondary mortgage market is a marketplace where home loans and servicing rights are bought and sold between lenders and investors. A large percentage of newly originated mortgages are sold by the lenders who issue them into this secondary market, where they are packaged into mortgage-backed securities and sold

What Is a Secondary Beneficiary? A secondary beneficiary, also known as a contingent beneficiary, is a person or entity that may inherit assets from a grantor after the rights of the primary beneficiary are considered and satisfied. A secondary beneficiary inherits assets only when meeting certain conditions, such as the death of the primary beneficiary

What Is a Secondary Business? A secondary business is a part of a corporation that is not part of its core functions but supplements it instead. A secondary business can contribute to the overall health of the corporation and can hold assets just as any other business unit. Understanding a Secondary Business Secondary businesses that were

What is Secondary Liability? Secondary liability is the responsibility that falls on a party when the party with the primary liability is unable to fulfill their legal obligations. Key Takeaways Secondary liability is the responsibility that falls on a party when the party with the primary liability is unable to fulfill their legal obligations.Secondary liability

What Is a Secondary Market? The secondary market is where investors buy and sell securities they already own. It is what most people typically think of as the “stock market,” though stocks are also sold on the primary market when they are first issued. The national exchanges, such as the New York Stock Exchange (NYSE)