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15 Cards in this Set
- Front
- Back
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an investor must be provided with a statement of additional information about a mutual fund
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upon request
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which market or where can you purchase shares of a closed end investment company after its initial I.P.O. offering
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other stockholders through the otc and stockholders through the nyse
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IF A MUTUAL FUND SHAREHOLDER PURCHASES SHARES AT THE BEGINNING OF AN INVESTMENT PERIOS AND AT THE END OF THE INVESTMENT PERIOD. THEN AT THE END OF THE INVESTMENT PERIOD SELLS THE SHARES FOR A GAIN, WHEN WAS THE NAV THE LOWEST
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AT THE BEGINNING.
REMEMBER FOR A SHAREHOLDER TO HAVE REALIZED A GAIN, THE NAV WOULD HAVE BEEN LOWER IN THEINTIAL PURCAHSE OF THE SHARES |
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GENERAL COMMUMICATIONS BY A BROKER-DEALER FIRM, SUCH AS ADVERTISING OR RESEARCH REPORTS, MUST BE APPROVED BY WHO
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PRINCIPAL OF A MEMEBER
A QUALIFIED PRINCIPALOF THE FIRM MUST APPROVE ALL ADVERTISING AND OTHER COMMUNICATIONSBY A BROKER DEALER |
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WHEN A CLIENTS ACCOUNT IS FROZEN, THE CLIENT MUST DO WHAT?
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DEPOSIT THE FULL PURCHASE PRICE BEFORE A PURCHASE ORDER MAY BE EXECUTED
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letter stock and premptive rights
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is common stock issued in a private placement,and like other common stock shares,entitled to preemptive rights
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control stock
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common stock owned by affilates of the company ad has the same rights as other common shares
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what is the preferred stament to use when speaking to clients about a new mutual fund organuzed under a 12 b-1 plan
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any statemnt or reference to a mutual fund offered under a 12b-1 pla that implies the fund is a no-load is considered misleading and is a violation of the conduct rules
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breakdown of a balanced fund
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when the fund is invested in both stock and bonds. the % invested in the 2 types of securites is adjusted to maximize the yield obtained
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issuing of muni bonds
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any bond issued by a state , municipality or government unit, other than the federal government is a muni bond
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make up of seperate accounts vs mutual finds
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seperate accounts and mutual funds both contain a diversified portfolio of securites and are managed by a professional investment advisor. voting rights for policy and management elections are also available
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discretionary accounts
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if the broker selects the securtiy. the amt or number of shares , the quantity and the security
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responsibilties of an investment banker
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distributing large blocks of stock to the public and to institutions and raising long term capital for corporations by underwritng new issues of securities
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fomc(federal open market committee) what is it and what does it do
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one of the most influential committee in the federal reserve system nad its decision affect the money supply , interest rates, and the reserves that memeber banks must maintain.
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mutual fund expense ratio formula
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expenses by its average net assets
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