Products第 7 / 110 题
Which statement about a letter of intent (LOI) for mutual fund breakpoints is correct?
a.It is a binding contract requiring the investor to complete the purchases
b.It covers a period of 24 months and cannot be backdated
c.It permits the investor to count purchases made in any other fund family
d.It covers 13 months and may be backdated up to 90 days to include a prior purchase
解析
An LOI lets an investor obtain a reduced sales charge by pledging to invest a stated amount within 13 months, and it may be backdated as much as 90 days so a recent purchase counts toward the goal. The letter is not binding: if the investor does not complete it, the fund simply liquidates escrowed shares to collect the higher sales charge. Purchases in unrelated fund families do not count toward the LOI.
法律依据: FINRA Rule 2341 (Investment Company Securities)免费刷完整 110 道题库 — 无需注册。
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