Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | SEVERAL MEMBERS HAVE CUSTOMER/CLIENT RELATIONSHIPS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS SEVERAL CLASSES OF MEMBERSHIP: -REGULAR MEMBERS: THOSE QUALIFIED PEOPLE ACTIVELY ENGAGED IN THE SECURITIES BUSINESS AND FIRMS LICENSED BY THE SEC AND FINRA. -ASSOCIATE MEMBERS: THOSE QUALIFIED PEOPLE, NOT LICENSED IN THE SECURITIES INDUSTRY, BUT WHOSE DUTIES CLOSELY RELATE THEM TO THE SECURITIES BUSINESS. -HONORARY MEMBERS: BESTOWED TO PEOPLE NOT IN THE SECURITIES BUSINESS BY THE DIRECTORS FOR SERVICES RENDERED TO THE SECURITIES INDUSTRY ON AN ANNUAL BASIS. -HONORARY LIFE MEMBERS: BESTOWED TO PEOPLE WHO HAVE WORKED IN THE SECURITIES BUSINESS AND ARE NO LONGER ACTIVELY ENGAGED IN THE INDUSTRY. REGULAR MEMBERS OF THE ASSOCIATION MAY SUBMIT NAMES OF HONORARY MEMBERSHIP CANDIDATES IN WRITING, ADDRESSED TO THE ASSOCIATION PRESIDENT, TO BE VOTED UPON BY THE BOARD OF DIRECTORS. ALL PAST-PRESIDENTS OF THE ASSOCIATION, WHO ARE NO LONGER ACTIVELY ENGAGED IN THE INDUSTRY, AND WHO WERE MEMBERS IN GOOD STANDING OF THE ASSOCIATION IMMEDIATELY PRIOR TO RETIREMENT, SHALL AUTOMATICALLY BECOME HONORARY LIFE MEMBERS. -MEMBERSHIP DUES: REFLECTING THE EVER-CHANGING NATURE OF THE FINANCIAL SERVICES INDUSTRY, BOTH REGULAR AND ASSOCIATE MEMBERS AT ALL TIMES STAND READY TO BE VERIFIED AS BEING ENGAGED IN SUCH APPROVED, SECURITIES-RELATED, BUSINESS. UPON APPROVAL, BOTH REGULAR AND ASSOCIATE MEMBERS ARE THEN SUBJECT TO STANDARD MEMBERSHIP FEES AND ARE FINALLY AFFORDED FULL MEMBERSHIP PRIVILEGES. ALL HONORARY AND LIFE MEMBERS ARE EXEMPT FROM ALL ASSOCIATION MEMBERSHIP DUES. |
| FORM 990, PART VI, SECTION A, LINE 7A | REGULAR MEMBERS ELECT THE DIRECTORS AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS AND TAX RETURNS ARE AVAILABLE UPON REQUEST. THE BY-LAWS ARE AVAILABLE ON THE WEBSITE. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY OR AUDITED FINANCIAL STATEMENTS. |
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