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5 Cards in this Set
- Front
- Back
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The 3 types of investment companies:
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1.Face amount certificate companies
2.UITs 3.Management companies -Open end or closed end |
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The '40 Act requires an Investment company to:
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Obtain s/h approval for:
1.Deviation from the funds inv objectives 2.Using fund assets to pay for distribution fees 3.Compensation agreements between the fund and IA 4.Renewal of the IAs contract 5.Approval of the BODs 2.Get an exemption from the SEC: 1.Merger between two inv companies 2.Purchase of assets from the funds IA 3.To own more than 3% of the shares of another fund |
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The '40 regulates:
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1.Capital structure of inv companies
2.Custody of money and securities 3.Trades with affiliated companies 4.Fund investments in other funds |
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T or F
Not more than 60% of a mutual funds BOD may be considered 'Interested Persons" |
T
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The SEC and SEC only regulates:
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1.Registration of inv companies
2.Disclosure documents such as prospectuses 3.Proxies 4.Annual reports |
