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Finra Exam Series-6 Topic 6 Question 83 Discussion

Actual exam question for Finra's Series-6 exam
Question #: 83
Topic #: 6
[All Series-6 Questions]

On which of the following items do mutual fund shareholders get to vote?

i. any change in the investment objective of the fund

ii. the election of a new investment adviser

iii. the renewal of the fund's 12b-1 fee

IV. the purchase or sale of real estate by the fund

Show Suggested Answer Hide Answer
Suggested Answer: B

A broker dealer is required to file a Currency Transaction Report with the Treasury Department for any cash transaction exceeding $10,000. The report does not need to be filed if the transaction simply has a market value of $10,000, but does not involve cash (aka, currency.)


by Rosendo at Jul 15, 2024, 11:17 PM

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Shaniqua
2 months ago
I dunno, this question seems a bit fishy to me. I bet the fund manager is trying to catch us out with some obscure rule about shareholder voting. Hmm, maybe I'll go with B just to be safe.
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Phuong
21 days ago
User 3: I agree with Phuong, I'll go with C as well.
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Lourdes
22 days ago
User 2: I'm not so sure, I feel like it might be C, let's think about it.
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Leota
1 months ago
User 1: I think the answer is A, we get to vote on all those things.
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Grover
3 months ago
Haha, the fund manager must be trying to trick us with this one. I bet the answer is A, just to keep us on our toes!
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Lucia
1 months ago
I'm sticking with A, I think you're both wrong.
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Leonida
2 months ago
I'm sticking with A, I have a feeling it's the right choice.
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Alita
2 months ago
No way, I'm pretty sure it's B.
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Mozell
2 months ago
No way, it has to be C. Trust me on this one.
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Linwood
2 months ago
I think the answer is actually B, not A.
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Major
2 months ago
I think the answer is actually C, not A.
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Madonna
3 months ago
This question is a piece of cake! The answer is clearly C. Shareholders don't get to vote on the purchase or sale of real estate by the fund, so that one's out.
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Misty
3 months ago
I believe they also get to vote on the renewal of the fund's 12b-1 fee.
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Glendora
3 months ago
I agree with Norah, they also get to vote on the election of a new investment adviser.
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Elly
3 months ago
I'm a little unsure about this one. I think the answer might be A, but I'm not totally confident. Maybe I should review the material on mutual fund shareholder voting rights again.
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Hyman
1 months ago
I'll definitely review the material on mutual fund shareholder voting rights to make sure I understand it better.
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Natalie
2 months ago
Yes, that's correct. It's important for shareholders to have a say in those decisions.
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Tiffiny
2 months ago
I think you're right, mutual fund shareholders get to vote on all of those items.
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Geoffrey
3 months ago
A) I, II, III, and IV
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Van
3 months ago
Hmm, this seems straightforward. I'm pretty sure the correct answer is C, since shareholders get to vote on changes to the investment objective, the election of a new investment adviser, and the renewal of the fund's 12b-1 fee.
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Norah
3 months ago
I think mutual fund shareholders get to vote on changes in investment objective.
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