Practice Quiz

FINRA Series 6

Category - Series 6

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Giant Investments is introducing a new fund to its family of funds that it plans to name the Asian Fund. Giant may do so only if:
  1. no other family of mutual funds has a fund with this name.
  2. the fund has a policy to invest at least 80% of its assets in investments that are economically tied to Asian countries.
  3. the fund’s prospectus provides the specific criteria that will be used by the fund to select its investments.
  4. Giant may do so only if both B and C are true.
Explanation
Answer: D - Giant may only name the new fund the Asian Fund if the fund has a policy to invest at least 80% of its assets in investments that are economically tied to Asian countries and the fund’s prospectus provides the specific criteria that will be used by the fund to select its investments.
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