RegulationsCâu 63 / 110
Which practice is permitted when presenting mutual fund performance in a retail communication?
a.Showing only the fund's best three-year period
b.Projecting the fund's expected return over the next five years
c.Describing a bond fund's yield as guaranteed because the portfolio is investment grade
d.Showing standardized average annual total returns for 1-, 5-, and 10-year periods, or the life of the fund
Giải thích
Standardized total returns for the required periods, current as of the most recent quarter end, give investors a consistent basis for comparison. Cherry-picking a favorable period, projecting future performance, and calling any return guaranteed are all misleading and prohibited. Communications must also disclose that past performance does not predict future results.
Trích dẫn luật: FINRA Rule 2210 (Communications with the Public)Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Retail communications must generally be:
- How long must a member firm retain records of its communications with the public?
- A retail communication concerning a registered investment company that includes fund performance generally must be filed with FINRA:
- A firm wants to include a customer testimonial in a retail communication. Which requirement applies?
- A customer deposits $12,000 in cash in a single business day. The firm must file:
- When a firm files a Suspicious Activity Report on a customer's transactions, the firm:
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