ProductsCâu 15 / 110
When a shareholder redeems open-end fund shares, the fund must transmit payment within:
a.One business day
b.Three business days
c.Seven calendar days
d.Thirty calendar days
Giải thích
The Investment Company Act of 1940 requires redemption proceeds to be paid within seven calendar days of a proper request, absent an SEC-permitted suspension. One and three days reflect general securities settlement conventions, not the statutory redemption deadline, and thirty days is far outside the requirement.
Trích dẫn luật: Investment Company Act of 1940Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An investor plans to place $15,000 in a fund but expects to need the money in about two to three years. Which share class is generally most suitable?
- Which statement most accurately describes Class B mutual fund shares?
- A fund's expense ratio represents:
- To be classified as a diversified investment company, a fund must satisfy the 75-5-10 test, which requires that:
- Which statement correctly distinguishes accumulation units from annuity units in a variable annuity?
- A variable annuity contract has an assumed interest rate (AIR) of 4%. In a month when the separate account earns 6%, the annuitant's next payment will:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với FINRA Series 6 — Investment Company & Variable Contracts Rep · Quy trình kiểm tra