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Finra Series-6 Exam - 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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Jeannetta
6 months ago
Yep, I think it's I, II, and III for sure!
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Marcos
6 months ago
I thought we only voted on major changes, not fees.
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Salena
6 months ago
Wait, do we really get to vote on 12b-1 fees?
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Dick
7 months ago
Definitely agree with that!
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Merilyn
7 months ago
Shareholders vote on changes to investment objectives and adviser elections.
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Aileen
7 months ago
I feel like I should go with option C, but I'm not completely confident about the 12b-1 fee. It seems important, but I can't recall if it requires a vote.
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Toi
7 months ago
I think we had a practice question that mentioned voting rights, and I remember real estate being a significant decision for shareholders.
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Delisa
7 months ago
I'm a bit unsure about the 12b-1 fee. Did we cover if shareholders vote on that? It feels like something they might have a say in.
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Ressie
8 months ago
I remember studying that shareholders typically vote on major changes, so I think I should include the investment objective and adviser.
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Dottie
8 months ago
Wait, I'm a little confused. Do mutual fund shareholders really get to vote on all of these things? I'll need to double-check my understanding of the rules around shareholder voting.
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Zack
8 months ago
Ah, this is a good one. I remember learning about mutual fund shareholder voting in my finance class. I'm pretty confident I can nail this question.
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Rosendo
8 months ago
Okay, I think I've got this. The key is to identify which fund decisions require a shareholder vote. I'll go through the options methodically to determine the right answer.
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Maybelle
8 months ago
Hmm, I'm a little unsure about this one. The options cover a range of potential fund decisions, so I'll need to make sure I understand the details of each one before selecting the right answer.
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Daron
8 months ago
This seems like a straightforward question about mutual fund shareholder voting rights. I'll carefully review each option and think through which ones are correct.
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Leatha
8 months ago
Hmm, I'm a bit confused by the terminology here. I'll need to review my notes on ACI and external network integration to make sure I understand the right approach.
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Shaniqua
1 year 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
11 months ago
User 3: I agree with Phuong, I'll go with C as well.
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Lourdes
11 months 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
11 months ago
User 1: I think the answer is A, we get to vote on all those things.
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Grover
1 year 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
12 months ago
I'm sticking with A, I think you're both wrong.
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Leonida
12 months ago
I'm sticking with A, I have a feeling it's the right choice.
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Alita
1 year ago
No way, I'm pretty sure it's B.
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Mozell
1 year ago
No way, it has to be C. Trust me on this one.
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Linwood
1 year ago
I think the answer is actually B, not A.
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Major
1 year ago
I think the answer is actually C, not A.
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Madonna
1 year 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
1 year ago
I believe they also get to vote on the renewal of the fund's 12b-1 fee.
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Glendora
1 year ago
I agree with Norah, they also get to vote on the election of a new investment adviser.
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Elly
1 year 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
12 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
12 months ago
Yes, that's correct. It's important for shareholders to have a say in those decisions.
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Tiffiny
12 months ago
I think you're right, mutual fund shareholders get to vote on all of those items.
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Geoffrey
1 year ago
A) I, II, III, and IV
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Van
1 year 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
1 year ago
I think mutual fund shareholders get to vote on changes in investment objective.
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