Note that brokerage commissions are reflected in the cost basis of the purchased securities or as a reduction of the proceeds from the sale of securities and not as an expense of the fund.
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Your fund should lend out your securities, but the proceeds should go to you.
This tax, which has been proposed by the International Monetary Fund staff, is levied only on net proceeds of securities transactions.
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And Congress is likely soon to require brokers to report to the Internal Revenue Service and to you not just the gross proceeds of securities sales (as they do now on form 1099-B) but also your cost basis.
Under Operation Twist, already under way when the Federal Reserve said it would embark upon purchases of mortgage-backed securities last month, the central bank uses proceeds from the sale of short-term Treasury securities to buy long-term ones in its bid to push down long-term rates.
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Malaysia (see article) now restricts foreigners from converting the proceeds of Malaysian securities into dollars unless they have held them for a year.
The AWC alleges that the significant potential risks posed by using mortgage proceeds to make securities investments and the high concentration level in the VUL investment, rendered the transaction unsuitable.
The proceeds from selling Prudential securities will follow in time.
On August 10th the central bank acknowledged that the recovery had slackened and said it would reinvest the proceeds from the maturing mortgage securities it owns in government bonds.
Instead of holding pledged stock in trust accounts for its customers, says the complaint, Credit Bancorp put the shares in cash or margin accounts, sold or borrowed against the stock and kept the proceeds, sometimes buying more securities with the money.
Fishman remembers being pitched on creating a securities lending program that would have used the proceeds to buy mortgage-backed assets.
Those loans allow investors to borrow against the value of their securities in their brokerage accounts, but the proceeds are traditionally reinvested in the market.
Once remitted to a state, stocks can typically be liquidated, so an investor who later goes to claim them would likely receive only the sales proceeds, regardless of whether the securities have appreciated in the meantime.
The Cupertino, Calif. company cast a wide net when discussing its possible uses for the proceeds in a registration filing Monday with the Securities and Exchange Commission.
Once a municipal bond is refinanced, (prerefunded) the issuer uses the proceeds of the new issue and purchases US Treasury securities (collateral) that are used to pay the interest and principal on the original, more expensive debt until maturity or the call date, whichever the escrow agreement states.
Since the Securities and Exchange Commission has declined to date to insist on full disclosure of the uses to which such proceeds are being put, American institutional and other investors may actually unwittingly wind up subsidizing these activities.
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Finally, some of these marketplaces are designed to facilitate the sale of not only secondary securities sold by existing shareholders such as venture investors, founders, angels and employees but also primary offerings where the proceeds of the sale are used by the issuing company to fund its operations.
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