SEC Release IA-1092
What Is SEC Release IA-1092?SEC Release IA-1092 is a release from the Securities & Exchange Commission (SEC) that provides uniform interpretations of how state and federal adviser laws apply to those that provide financial services.1 SEC Release IA-1092 builds on the Investment Advisers Act of 1940 or the Advisers Act that Congress enacted to protect persons who rely on investment advisers for advice on purchasing and selling securities.KEY TAKEAWAYSSEC Release IA-1092 clarifies how state and...
SEC Release IA-1092
What Is SEC Release IA-1092?SEC Release IA-1092 is a release from the Securities & Exchange Commission (SEC) that provides uniform interpretations of how state and federal adviser laws apply to those that provide financial services.1 SEC Release IA-1092 builds on the Investment Advisers Act of 1940 or the Advisers Act that Congress enacted to protect persons who rely on investment advisers for advice on purchasing and selling securities.KEY TAKEAWAYSSEC Release IA-1092 clarifies how state and...
Federal Insurance Contributions Act (FICA)
What Is the Federal Insurance Contributions Act (FICA)?The Federal Insurance Contributions Act (FICA) is a U.S. law that mandates a payroll tax on the paychecks of employees, as well as contributions from employers, to fund the Social Security and Medicare programs. For self-employed persons, there is an equivalent law called the Self-Employed Contributions Act (SECA).1KEY TAKEAWAYSFICA is taken directly from an employee's gross pay. Employers and employees both pay FICA taxes.You cannot...
Federal Insurance Contributions Act (FICA)
What Is the Federal Insurance Contributions Act (FICA)?The Federal Insurance Contributions Act (FICA) is a U.S. law that mandates a payroll tax on the paychecks of employees, as well as contributions from employers, to fund the Social Security and Medicare programs. For self-employed persons, there is an equivalent law called the Self-Employed Contributions Act (SECA).1KEY TAKEAWAYSFICA is taken directly from an employee's gross pay. Employers and employees both pay FICA taxes.You cannot...
Jumbo Certificate of Deposit (CD)
What Is a Jumbo Certificate of Deposit (CD)?A jumbo certificate of deposit is a CD that requires a higher minimum balance obligation than that required by traditional CDs. In return, the jumbo CD pays a higher rate of interest. A CD is a type of savings account that pays fixed or variable interest in exchange for depositors leaving their funds in the account until a specified date of maturity.KEY TAKEAWAYSA jumbo CD usually has a minimum balance requirement of $100,000.Although jumbo CDs have...
Jumbo Certificate of Deposit (CD)
What Is a Jumbo Certificate of Deposit (CD)?A jumbo certificate of deposit is a CD that requires a higher minimum balance obligation than that required by traditional CDs. In return, the jumbo CD pays a higher rate of interest. A CD is a type of savings account that pays fixed or variable interest in exchange for depositors leaving their funds in the account until a specified date of maturity.KEY TAKEAWAYSA jumbo CD usually has a minimum balance requirement of $100,000.Although jumbo CDs have...
Moving Average Convergence Divergence (MACD)
What Is Moving Average Convergence Divergence (MACD)?Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trig...
Moving Average Convergence Divergence (MACD)
What Is Moving Average Convergence Divergence (MACD)?Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trig...
Overnight Index Swap
What Is an Overnight Index Swap?An index swap refers to a hedging contract in which a party exchanges a predetermined cash flow with a counter-party on a specified date. A debt, equity, or other price index is used as the agreed exchange for one side of this swap. An overnight index swap applies an overnight rate index such as the federal funds or London Interbank Offered Rate (LIBOR) rates. Index swaps are specialized groups of conventional fixed-rate swaps, with terms that can be set from t...
Overnight Index Swap
What Is an Overnight Index Swap?An index swap refers to a hedging contract in which a party exchanges a predetermined cash flow with a counter-party on a specified date. A debt, equity, or other price index is used as the agreed exchange for one side of this swap. An overnight index swap applies an overnight rate index such as the federal funds or London Interbank Offered Rate (LIBOR) rates. Index swaps are specialized groups of conventional fixed-rate swaps, with terms that can be set from t...
