Alexa 
SEC Form 17-H is a form filed with the Securities and Exchange Commission (SEC) by investment advisers who are registered with the SEC. The form is used to provide information about an adviser’s business, including its ownership structure, investment strategies, and compensation arrangements. Do private companies file with SEC? No, private companies are not required … Read more
An agency problem is a situation where one party (the “agent”) is delegated to act on behalf of another party (the “principal”). The agent is typically supposed to act in the best interests of the principal, but there is a potential for conflict of interest, because the agent also has his or her own interests … Read more
The term “finality of payment” refers to the concept that once a payment has been made, it cannot be reversed. This is a fundamental principle of the banking system, and it is what allows banks to function. Without this principle, banks would be unable to lend money or process transactions, because there would be no … Read more
The “incidents of ownership” of a life insurance policy are the rights and privileges that are attached to the policy. These include the right to change the beneficiary, the right to borrow against the policy, the right to cash in the policy, and the right to make changes to the policy. The owner of a … Read more
