Practice Quiz

FINRA Series 7

Category - Series 7

Start a Study Session Sign up for Question of the Day
Under what circumstances may a registered investment company change its investment objective?
  1. after SEC approval
  2. after it obtains a new charter from the state secretary
  3. after approval by a majority vote of the shareholders
  4. after providing notice that is recorded in the Federal Register
Explanation
Answer: C - after approval by a majority vote of the shareholders. All vital interests of the shareholders are subject to their majority vote.
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