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What Is form 1024?

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FAQ - Form 1024

What is the purpose of Form 1024?
The purpose of Form 1024 is to help the SRO's collect information about investors and their investments. The Form shows you whether and when you need to make any adjustments. The information the SRO can collect includes your name and email address and if you are the registered owner or your SRO is the registered owner of a particular investment vehicle. Can I sign the Form? If the name and email address on my SRO account match up, I am good to sign the form. I don't have an SRO account, but I have an account with my state's division of gaming. Can I sign the form? Yes. Are my information and my name used only to make my payments to my investors in a non-SRO account? No, the SRO uses the information provided in this form to help it keep track of investors and their investments. If my name ends with an S, such as SRO, on the form, investors will note my name and address and the investment in a non-SRO account such as an account with an FBO, not to be used solely for investment purposes. Is there any way that I can get rid of the file? The best way to get rid of the file is to take all the information that is in the file and go to your local Department of Treasury, Division of Gaming and Gaming Regulation, or the Division of Consumer Banking and Insurance, and ask them to put the information in a random file. If you already have a file, then ask for a copy of the file from one of the following places: The Department of Finance (Office of Governor Ed Juliana) Mail: State House, Suite 900, Annapolis, MD 21401 Telephone: Phone: Fax: Phone: Treatment of Forms 1099 Forms 1099 must be properly completed by an employee of the business. The employee must record both the date of payment and the date of the sale. If the employee cannot verify the dates of payment (for example, it is a payday), the Form 1099 must be cancelled and not relied upon or processed.
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