SEC Form 2502 (R31) Form for Reporting Covered Sales and Covered Round Turn Transactions Under Section 31 of the Securities Exchange Act of 1934

What Is SEC Form 2502 (R31)?

This is a legal form that was released by the U.S. Securities and Exchange Commission on July 1, 2004 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is SEC Form 2502 (R31)?
A: SEC Form 2502 (R31) is a form used for reporting covered sales and covered round turn transactions under Section 31 of the Securities Exchange Act of 1934.

Q: What does SEC Form 2502 (R31) report?
A: SEC Form 2502 (R31) reports covered sales and covered round turn transactions under Section 31 of the Securities Exchange Act of 1934.

Q: What is covered sales?
A: Covered sales refers to sales of securities that are subject to a transaction fee under Section 31 of the Securities Exchange Act of 1934.

Q: What are covered round turn transactions?
A: Covered round turn transactions refer to both the purchase and subsequent sale of a security that are subject to a transaction fee under Section 31 of the Securities Exchange Act of 1934.

Q: Why is Section 31 of the Securities Exchange Act of 1934 important?
A: Section 31 of the Securities Exchange Act of 1934 imposes a small fee on certain securities transactions to fund the operations of the Securities and Exchange Commission (SEC), which is responsible for regulating the securities industry in the United States.