RegulationsCâu 55 / 110
A representative tells a prospect, "Buy this fund before Friday's record date so you get the $0.40 per share distribution for free." This statement is:
a.Acceptable because the distribution is a real benefit to shareholders
b.Acceptable if the customer is in a low tax bracket
c.Prohibited, because it is selling dividends and misrepresents an economic benefit
d.Prohibited only if the customer holds the shares less than 60 days
Giải thích
The pitch is selling dividends: the fund's NAV declines by the distribution amount, so the investor simply converts part of the investment into a taxable payment. A low tax bracket reduces the harm but does not make the misrepresentation acceptable. The violation lies in the misleading sales pitch, not in any holding period.
Trích dẫn luật: FINRA RulesLuyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A representative learns that an institutional customer is about to place a very large buy order and immediately buys the same security for a personal account. This is:
- A customer is nervous about market volatility and the representative offers to personally reimburse any losses in the first year. This offer is:
- A registered representative may share in the profits and losses of a customer's account only if:
- Which of the following would most likely be viewed as a prohibited practice by a registered representative?
- Under FINRA's communications rules, a written message distributed to more than 25 retail investors within any 30 calendar-day period is classified as:
- A representative emails an identical market update to 18 individual retail clients in one month. This communication is categorized as:
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