Title 21 of the Code of Federal Regulations

In the Code of Federal Regulations (CFR) issued by the United States, Title 21 deals with how food and drugs are governed within the country. Title 21’s directives are carried out by the Food and Drug Administration (FDA), the Drug Enforcement Administration (DEA), and the Office of National Drug Control Policy (ONDCP).

Open Title 21 of the CFR: 21 CFR

The first chapter of the CFR Title 21 specifies more than a thousand requirements overseen by the FDA. Some of the more notable sections have to do with the protection of human subjects in clinical trials, the labeling of certain packaged foods with nutrition labels, and the way drugs are advertised and marketed.

Title 21’s second chapter covers the DEA. This part of the code deals with how controlled substances are classified, from the illegality of Schedule I drugs to the accepted medical application of Schedule V drugs.

The third chapter of Title 21 of the Code of Federal Regulations outlines government-wide requirements for drug-free work environments.

 

SEC Prospectus [Rule 424(b)(1)]

SEC Prospectus Rule 424B1 is the prospectus form that is filed by a company if there are amended articles or changes to their prospectus therein. A company would also file this when there is any new or forgotten information on the original prospectus, thus correcting before finalization.
With the 1933 Securities act, investors are now able to make better financial decisions based on what a company actually tells the public. The act required securities issuers to file and complete statements of registration about financial and material information that the public investors may need know before buying in. These are filed with the SEC before they are available for purchase by the public, namely ten copies of a relevant prospectus including: The companies Ticker symbol, what the company plans to do after their IPO, the number and types of shares they offer, their last reported price, and a few others.
This relevant prospectus will also include how an investor could go about gaining more information about the company, so there is no hidden information or lack of information being volunteered by the company. Things such as finances, share volume, and even amendments to previous prospectus articles. The companies last annual report, (if they have one), will also be included in the list of information that should be easily found by the investor if needed.
As well, the form should include information on experts who prepared the prospectus and other files. These experts are also verified by the SEC and are on file to be contacted should the need arise. Before these forms existed there were instances of companies who’s prospectus would change without anyone knowing or being contacted about it, as well as companies not displaying certain information about themselves. In order to make a level playing field for everyone, this has been done away with by this act and the form itself.

SEC Form 485BPOS Overview

The specific form 485BPOS is actually not a form, or an original filing itself, but an amendment to a previous filing. This amendment corrected further oversights on the 1940 SEC filing act and was the second one processed on said act. The form therein is structured towards a filing by investment companies or a significant security offering. Below is amendment the form is tailored toward.

This forms purpose is to arrange and layout complete details of investment strategies by an investment company. By the same token, the form must also state all security offerings the company has lined up, in the same style, and is a registration statement required for filing separate accounts.
A separate account is when an investor is seeking to manage a financial institution or an individual pool of assets. Typically this is done through a financial advisor, brokerage firm, or institution; for example an insurance company or credit union. Normally sought out by affluent customers and high net worth investors because of the high-risk high reward process that the service normally uses to ensure customers continue to receive a note of good news when they check their accounts.
This is a very popular asset strategy right now, as separate accounts often entail giving a high net worth individual title and ownership of an account that they fund, then hand the account off to an investment specialist or financial advisor who then has the discretion of what and when to trade.
These accounts are highly regulated and are overseen by specialists due to the nature of these investments being rather risky and often employ riskier strategies to find high yields. Other requirements such as a minimum investment limit make it just a little harder to obtain these types of accounts, and therefore the SEC is better able to keep them regulated and fair.

SEC Form 13F-NT Overview

In the capital and securities market, there are many different types of forms and documents used. One important form is the SEC Form 13-NFT. If you are reading this, chances are you want to know what this form is. In that respect, this article describes this important federal document in-depth. It entails the definition of the SEC Form 13-NFT form and what this form consists of.

SEC Form 13F-NT Definition

SEC Form 13f-NT is a quarterly report filed by institutional investment managers to the SEC in accordance to SEC regulations. In this case, SEC stands for “Securities and Exchange Commission.” In the United States, this is an independent federal agency that is charged with protecting investors, maintaining fair as well as orderly functioning of securities markets and aiding capital formation.

SEC Form 13F-NT Components

This form consists of three parts:

  1. The Cover Page—this includes the calendar year or quarter ended, amendment details if there are some, as well as name and address of the institutional investment manager filing the report. It also includes the name, title and phone number of the person singing this report on behalf of the reporting manager. Lastly, the page also comprises names, titles, and phone numbers of other managers reporting for this manager.
  2. The Information Table—this consists of eight columns into which various details are entered. Columns 1, 2, 3 and 4 have the name of security issuers, the title of each class of security, CUSIP and the values of the securities respectively. Columns 5, 6,7 and 8, on the other hand, require share or PRN amount, investment discretion, other managers and voting authority(sole, shared or none) respectively.
  3. The Summary Page—this page literally summarizes the entire document. It condenses the entire information, including Form 13 F information table entry total, down to a few paragraphs.

    Final Thoughts

    The SEC Form 13F-NT is an important report that some institutional investment managers will have to file with the Securities Exchange Commission quarterly. It is a requirement by the federal government that all institutional managers that manage equity assets of at least $100 million in value fill and submit this form to the SEC according to the number of times stipulated by the law.

SEC Form 424B3 Overview

  • The United State’s Security and Exchange Commission is an independent federal agency that regulates the process of issuing stocks or bonds to investors by companies as a way of financing the businesses. Before a company kicks off the stocks or bonds offer process, the agency requires that the company files a document known as SEC FORM 424B3.

    What Is SEC FORM 424B3?

    First of all, businesses often issue a document called a prospectus to the public when they are about to offer stocks, bonds or other securities to investors. A prospectus is simply a type of business document that provides facts and details about the business to potential investors. Of course, new events may occur after that, which may lead to new facts and details about the particular company, which are not in the public domain yet.

    That is where SEC FORM 424B3 comes in. This is a prospectus that the Securities and Exchange Commission requires businesses to file with them prior to kicking off the process of issuing bonds and stocks to the public. That is if new events have occurred, leading to new information about the company, which is not contained in the previous prospectus.

    SEC FORM 424B3 FAQs

    Is it a requirement that companies file SEC FORM 424B3, before selling stocks and bonds to investors? The answer is “NO”. The Securities and Exchange Commission requires companies to file the form only if after issuing a prospectus to the public, new events occurred, which resulted in a substantive change from the supplied information.

    What are the components of SEC FORM 424B3? The components of this form are:

  • The proposed offerings.
  • The risk factors involved in this investment.
  • How the company intends to use the proceeds.
  • The proposed dividend policy.
  • Description of Capital Stock.
  • How the company will conduct bond or stock sales.
  • The plan of bond or stock distribution.
  • Legal affairs.
    Can I file the form alone without professional aid? Yes of course! Simply go to sec.gov and follow the instructions. However, it is better to let a professional do that for you to save time and avoid making mistakes.

    Final Thoughts

    The SEC Form 424B3 is an important prospectus that businesses need to file with the Securities and Exchange Commission under certain circumstances. While you can file it alone, it is always better to let an expert do that for you. That way, you save time and avoid errors that could prove to be too costly in the end.

SEC Filing: Trust Indenture Act of 1939

The 1939 SEC Filing of the Trust Indenture Act (TIA), is a federal law that added restrictions and security to bonds valued at certain amounts. Specifically, it states that there must be a written formal agreement or “indenture”, for any bond sale of $5 million or more. The indenture must be signed by both the bondholder, as well as the issuer. At the same time, the act requires a trustee be appointed for every bond issued therein. This way the rights of the bondholder are not compromised at any time during the process.

This act was mainly passed for the protection of bond investors. It ensures that the trustee has no conflict of interest with the issuer, and to announce twice yearly certain information to investors and securities holders. By having a fair legal and binding contract between the bondholder and the issuer, with a trustee there as an unbiased third party to help oversee the legality and equality for both parties.

The document itself must be read and approved by the SEC and must highlight all the terms and conditions that the trustee, issuer and lender need to abide by for the duration of the bond life. As well, any extra covenants, such as call or put provisions must be outlined in this document; as to allow all parties to be aware of the terms that are set to happen during the bonds life. In the event of insolvency (when an organization can no longer meet its financial obligations), the trustee is given rights to seize and sell the issuers assets to reclaim the investment made. This gives the investor a little more of a safety net in cases such as bankruptcy or fraud within invested securities as well.

Before this act it would be very easy to buy into a very big security while not really knowing all the small nuances that can take place within this type of deal. This act requires there be a fair written contract with a trustee and approved by the SEC along with every provision therein, so all parties are aware of what kind of contract they are entering into.

eSIM on Verizon Wireless

What is an eSIM?

An eSIM is an embedded or electronic SIM inside your device. With an eSIM, there’s no physical SIM card that you need to insert. For example, many connected smartwatches use this type of technology.Like a traditional SIM card, the eSIM stores data that is needed for your device to connect to and use the Verizon’s wireless network.

What does it mean when a device has a Dual SIM with an eSIM?

Devices that have Dual SIM with an eSIM have both a physical SIM card and an eSIM.

What devices currently support Dual SIM with an eSIM?

The Apple® iPhone® XS Max, iPhone XS and iPhone XR have both a physical SIM card and an eSIM.

What are the benefits of having a Dual SIM with an eSIM?

Dual SIM with an eSIM opens up many possibilities that were previously unavailable with only a physical SIM. For example, you can have:

  • Two phone numbers on a single device
  • A data plan with an overseas carrier to use while traveling abroad, without changing your domestic SIM

When will Verizon support eSIM with Dual SIM technology?

Based on our discussions with Apple, we believe you should be able to add our great Verizon service on your eSIM before the end of the year. In the meantime, you can continue to use a physical SIM card to activate Verizon service on your device.

How can I find out more information about Dual SIM with an eSIM on iPhone?

Visit Apple’s support page for more information.

Bose AR Glasses Alto and Rondo

The Bose name is synonymous with high-end mass-market audio products. The Framingham, Massachusetts based company is one of the market leaders in consumer-facing audio technology. They have a significant presence in the headphone, speaker and digital device markets. They are not, however, a name that comes to mind when most consumers think of augmented reality. Bose is hoping to change this perception with the release of their Bose Frames audio-based AR glasses

 Visual-based augmented reality devices utilize cameras to overlay digital widgets over a live view of the world- typically through smartphones and purpose-built augmented reality glasses like Microsoft’s Hololens or Google Glass. The Bose Frames work on a similar principle, combining data gleaned from motion sensors on the device with GPS positioning tech to create the illusion of an audio-based world combined with the real world.

 Bose Frames Specs 

The Bose Frames come in two different models, differentiated only by the style, size, and shape of the units- Bose Frames Alto (BMD0003) and Bose Frames Rondo (BMD0004). The underlying electronic components remain the same for each unit, and the differences are entirely cosmetic. 

 These glasses come equipped with GPS sensors that locate the user. The GPS works in conjunction with a 9-axis sensor that tells the unit in which direction they are viewing and moving towards. Speakers are built-in to the unit, on the sides of the frames where the lens meets the arms of the glasses. Both models come with built-in rechargeable lithium-ion batteries and a magnetic docking/charging station.

 

 Traditional AR glasses use digital displays that are overlayed onto lenses or beamed directly into the user’s eyes. This need to process and display visual images often requires clunky hardware that makes the glasses easy to spot- this is not true with the Bose Frames. The speakers and related hardware are all built into the thick sides of the glasses, which gives them a natural look and weight.

When can we expect a consumer release?

These glasses received FCC approval on 2018-10-22 and the documents are set to become public by January 22nd so it is highly likely at least a developer edition will launch by then. [FCC ID A94429638]

How Are Bose Frames Used?

As with visual AR devices, the Bose Frames run different apps and have many exciting use cases. One example given by the company at SXSW, where the units debuted, was walking along a historic street on a guided audio tour. During the tour, users could tilt their view towards a historic building, business, or landmark and tap the button on the side of the glasses to access an audio description of that area. Essentially the glasses act as your own personal tour guide of downtown. The devices will feature native apps and apps by third-party developers, and the possibilities for use are as varied as those for traditional visual-based augmented reality systems. 

The Future of Audio Technology?

Bose is betting big that their foray into augmented-reality will pay dividends. While the Bose Frames are manufactured and sold by Bose, they are making an aggressive push to work with other companies to license their technology for use in other devices like virtual reality gaming headsets, visual-AR glasses and more.