Practice Quiz

FINRA Series 6

Category - Series 6

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A fund’s transfer agent is responsible for:

I. calculating and distributing the capital gain and dividend income of the fund.
II. mailing shareholder account statements.
III. paying fund expenses.
  1. I only
  2. II only
  3. I and II only
  4. I, II, and III
Explanation
Answer: C - A fund’s transfer agent is responsible for calculating and distributing the capital gain and dividend income of the fund and mailing shareholder account statements. The fund’s custodian is responsible for paying fund expenses.
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