Practice Quiz

FINRA Series 6

Category - Series 6

Start a Study Session Sign up for Question of the Day
Under FINRA Rule 2830, a member firm and its associates are prohibited from selling shares of a mutual fund if the service fees disclosed in the fund prospectus exceed:
  1. 0.25% of the fund’s average annual net assets.
  2. 0.50% of the fund’s average annual net assets.
  3. 0.75% of the fund’s average annual net assets.
  4. 1.00% of the fund’s average annual net assets.
Explanation
Answer: A - Under FINRA Rule 2830, a member firm and its associates are prohibited from offering to sell shares of a mutual fund if the service fees disclosed in the fund prospectus exceed 0.25% of the fund’s average annual net assets.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz