Mutual fund liquidation Study guides, Class notes & Summaries

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...

Mutual Fund Liquidation -Initial Steps to Liquidation 1. Approval of Dissolution and Liquidation of the Series 2. Preparing a Plan of Liquidation 3. Announcement of Liquidation to Shareholders and the General Public 4.Commencement of Conversion of Portfolio to Cash/Cash Equivalents; Payment of Debts, and/or Setting Aside of Reserves 5. Closing or Cessation Date a. Other Considerations: Suspending a Fund's Reporting Obligations under the '34 Action ---Section 13A 6.. Payment of Liquida...

In a corporate liquidation, the last to get paid is: A. Unpaid wages and taxes B. Bondholders C. Preferred stockholders D. Common stockholders - Answer- D. Common stockholders All of the following are types of oil and gas direct participation programs EXCEPT: A. Balanced B. Income C. Exploratory D. Developmental - Answer- A. Balanced The term "publicly traded fund" is the common name for a(n): A. open end management company B. closed end management company C. fixed uni...

MASTERY EXAM #1 questions and answers In a corporate liquidation, the last to get paid is: A. Unpaid wages and taxes B. Bondholders C. Preferred stockholders D. Common stockholders - D. Common stockholders All of the following are types of oil and gas direct participation programs EXCEPT: A. Balanced B. Income C. Exploratory D. Developmental - A. Balanced The term "publicly traded fund" is the common name for a(n): A. open end management company B. closed end management company ...

AWMA Module 8 Quiz with Complete Solutions The provision that certain mutual fund policies cannot be changed without shareholder approval is addressed in the A) Investment Company Act of 1940. B) Securities Exchange Act of 1934. C) Investment Advisers Act of 1940. D) Securities Act of 1933. - Answer-A) Investment Company Act of 1940. The regulation of mutual funds is covered in the Investment Company Act of 1940. A major responsibility of FINRA is A) developing rules and regulations...

In a corporate liquidation, the last to get paid is: A. Unpaid wages and taxes B. Bondholders C. Preferred stockholders D. Common stockholders D. Common stockholders All of the following are types of oil and gas direct participation programs EXCEPT: A. Balanced B. Income C. Exploratory D. Developmental A. Balanced The term "publicly traded fund" is the common name for a(n): A. open end management company B. closed end management company C. fixed unit investme...

FBLA Securities and Investments Question and answers 100% correct 2023/2024 Common stock - correct answer the most "junior security" because it ranks last in line at liquidation. An equity or ownership position that usually allows the owner to vote on major corporate issues such as stock splits, mergers, acquisitions, authorizing more shares, etc. Transfer agent - correct answer issues and redeems certificates. Handles name changes, validates mutilated certificates. Distributes dividends,...

Iowa Life Insurance Graded A+ Insurable Interest ️The possibility of financial loss. At time of application but not at time of loss ️When must insurable interest exist for life insurance? At time of loss ️When must insurable interest exist for property & casual insurance? Personal Uses for life insurance ️Survivor protection Estate creation Cash accumulation Liquidity Estate conservation Survivor Protection ️Funds to help replace the financial losses resulting from de...

AWMA Module 8 Quiz with Complete Solutions The provision that certain mutual fund policies cannot be changed without shareholder approval is addressed in the A) Investment Company Act of 1940. B) Securities Exchange Act of 1934. C) Investment Advisers Act of 1940. D) Securities Act of 1933. - Answer-A) Investment Company Act of 1940. The regulation of mutual funds is covered in the Investment Company Act of 1940. A major responsibility of FINRA is A) developing rules and regulations ...

Clemson Law 3220 Exam 3 Latest Update Graded A Contracts form legal relationships and duties meet meet legal requirements promise creates a "manifestation of intent" Completion of contracts assignment delegation third-party beneficiary performance breach impossibility agreement (rescission, novation, accord and satisfaction) Elements of Contracts agreement consideration capacity legality consent writing (if necessary) Express contract A contract in which the terms of the agreement are full...