Asset Diversification. Each CHC team must make an initial investment of at least $10,000 per asset class (stocks, bonds, and mutual funds) by Friday, April 7, 2023, 4pm ET and hold the value of the investment until the end of the competition (Friday, May 5, 2023, 4 pm ET). If the value of an investment decreases below the $10,000 minimum, teams do not need to invest more; however, if teams sell some or all a position in an asset class, they must make an investment of similar value in the same asset class to remain diversified. Team portfolios will be subject to periodic random review to confirm the $10,000 initial investment per asset class and ensure that diversification has been maintained. Please note that all ETFs (including bond ETFs) are classified as stocks, and all bond mutual funds are classified as mutual funds. Teams that do not comply with this Asset Diversification rule will be disqualified from winning the competition, even with a top-ranked portfolio. 1. CHC advisors must be a teacher or senior administrator employed by the registered school. Student teams must include only students attending the registered school. Students may only participate on one team in the competition and cannot switch teams during the competition. No student substitutions can be made after the team roster submission deadline has passed. 2. CHC advisors will ensure that they themselves and every participant on their team(s) have read and abide by the CHC Program Rules & Code of Participation outlined here and online. 3. Any violation of the CHC Program Rules & Code of Participation may result in the invalidation of a transaction. Teams that do not comply with the CHC Program Rules & Code of Participation will be ineligible to win and potentially be removed from portfolio rankings and/or disqualified from the competition. The authority to invalidate a transaction, remove a team from rankings, or disqualify a team lies solely with the CHC Coordinator and SIFMA Foundation. 4. Teams are responsible for maintaining the secrecy of their password and the integrity of their portfolio. Each team is also responsible for any opening or closing transactions entered in its portfolio. Teams may not enter transactions in portfolios other than their own. (When a team asserts that a transaction was entered by a non-member, the team will still be ranked based on their portfolio, which will include the challenged transaction.) 5. Only transactions stored on the CHC database will be recognized for the purposes of evaluating portfolio Total Equity and Percent Return and for determining rankings for the competition. 6. SIFMA Foundation is responsible for the accuracy of market data. Teams are responsible for reporting any major price discrepancies found in their portfolios. Failure to do so may result in team disqualification. If a team believes a stock price or other market information is incorrect, the team advisor should notify the CHC Coordinator by email at ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇. 7. In the event of an error on the part of SIFMA Foundation or coordinator organization(s), the liability to a participant shall be limited to the refund of CHC registration fees paid, if applicable.
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Asset Diversification. Each CHC team must make an initial investment of at least $10,000 per asset class (stocks, bonds, and mutual funds) by Friday, April 78, 20232022, 4pm ET and hold the value of the investment until the end of the competition (Friday, May 5, 2023, 4 pm ET). If the value of an investment decreases below the $10,000 minimum, teams do not need to invest more; however, if teams sell some or all of a position in an asset class, they must make an investment of similar value in the same asset class to remain diversified. Team portfolios will be subject to periodic random review to confirm the $10,000 initial investment per asset class and ensure that diversification has been maintained. Please note that all ETFs (including bond ETFs) are classified as stocks, and all bond mutual funds are classified as mutual funds. Teams that do not comply with this Asset Diversification rule will be disqualified from winning the competition, even with a top-ranked portfolio.
1. CHC advisors must be a teacher or senior administrator employed by the registered school. Student teams must include only students attending the registered school. Students may only participate on one team in the competition and cannot switch teams during the competition. No student substitutions can be made after the team roster submission deadline has passed.
2. CHC advisors will ensure that they themselves and every participant on their team(s) have read and abide by the CHC Program Rules & Code of Participation outlined here and online.
3. Any violation of the CHC Program Rules & Code of Participation may result in the invalidation of a transaction. Teams that do not comply with the CHC Program Rules & Code of Participation will be ineligible to win and potentially be removed from portfolio rankings and/or disqualified from the competition. The authority to invalidate a transaction, remove a team from rankings, or disqualify a team lies solely with the CHC Coordinator and SIFMA Foundation.
4. Teams are responsible for maintaining the secrecy of their password and the integrity of their portfolio. Each team is also responsible for any opening or closing transactions entered in its portfolio. Teams may not enter transactions in portfolios other than their own. (When a team asserts that a transaction was entered by a non-member, the team will still be ranked based on their portfolio, which will include the challenged transaction.)
5. Only transactions stored on the CHC database will be recognized for the purposes of evaluating portfolio Total Equity and Percent Return and for determining rankings for the competition.
6. SIFMA Foundation is responsible for the accuracy of market data. Teams are responsible for reporting any major price discrepancies found in their portfolios. Failure to do so may result in team disqualification. If a team believes a stock price or other market information is incorrect, the team advisor should notify the CHC Coordinator by email at ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇.
7. In the event of an error on the part of SIFMA Foundation or coordinator organization(s), the liability to a participant shall be limited to the refund of CHC registration fees paid, if applicable.
Appears in 2 contracts