Sản phẩm & Rủi roCâu 120 / 398
When a customer purchases newly issued open-end mutual fund shares, the customer must be provided:
a.A research report from an independent analyst
b.A signed suitability guarantee from the fund manager
c.A current prospectus, at or before the sale
d.Nothing, because mutual funds are exempt from disclosure
Giải thích
Because open-end mutual fund shares are continuously issued as new securities, they must be sold with a current prospectus delivered at or before the completion of the sale, as required under the Securities Act of 1933. The prospectus discloses the fund's objectives, risks, fees, and expenses so the investor can make an informed decision.
Trích dẫn luật: Securities Act of 1933Luyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under FINRA rules, the maximum sales charge on the purchase of open-end mutual fund shares generally may not exceed:
- When an investor redeems open-end mutual fund shares, the fund must generally send payment within:
- Rights of accumulation allow a mutual fund investor to:
- The taxable-equivalent yield of a municipal bond is used to:
- Interest paid on most general obligation municipal bonds is:
- A 'bank-qualified' municipal bond is one that:
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