Mutual fund liquidation - Study guides, Class notes & Summaries

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...

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...

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...

Efficient market hypothesis states that a. markets are efficient because of immediate information availability b. transaction costs are competitive due to the volume of brokers/dealers c. trade costs are nominal due to automated systems and redundant information delivery d. markets are efficient with respect to value and pricing correct answers d After extensive research, an agent found a great mutual fund investment for a customer who is also the agent's partner in a real estate busines...

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 ...

If a car dealer offers $1,000 bonds as a bonus for the purchase of cars, the car dealer is correct answers engaging in the offering for sale of a security According to the Uniform Securities Act, offering securities as a bonus on the purchase of another thing for value, such as a car, constitutes an offer of securities. For the purposes of the Uniform Securities Act, the dealers are offering securities and are subject to the provisions of the act. The practice is not fraudulent, but registrat...

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...

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 for its members. B) establishing rules for ...

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. ~~> 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 for its members. B) establishing rules for...