Which of the following are not types of open-end management investment companies?
I. Diversified fund
II. Hedge fund
IV. Balanced fund
a) I, II, III, IV
b) I, IV
c) II, III, IV
d) II, III
Hedge funds are extremely aggressive entities that engage in margin and short-selling. They are not investment companies, they are generally structured as a type of limited partnership. REMIC stands for Real Estate Mortgage Investment conduit; they invest in real estate and mortgages rather than securities. The other two choices are common types of mutual funds.
The correct answer is b. To initiate 12b-1 fee charges in a mutual fund, there must be a majority vote by the full board ...
The correct answer is b. Any time the actual growth rate of the separate account exceeds the account’s AIR, the payment will ...
The correct answer is a) Spinning is the act of selling hot issues to the personal accounts of corporate officers which in ...
The correct answer is A) In a Roth IRA, there is no required distribution date as there is in a traditional IRA.
A examination to ensure a candidate is qualified to become a ...
A person who prepares investigative reports on equity securities. ...
An exam required for individuals seeking to engage in off-exchange ...
One who provides financial advice or guidance to customers for ...
An exam offered by the Financial Industry Regulatory Authority ...
An exam given by the Financial Industry Regulatory Authority ...