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

AI, II, III, and IV

BI, II, and IV only

CI, II, and III only

DI, III, and IV only

Show Suggested 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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Misty

1 days ago

I believe they also get to vote on the renewal of the fund's 12b-1 fee.

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Glendora

6 days ago

I agree with Norah, they also get to vote on the election of a new investment adviser.

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Elly

7 days 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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Van

8 days 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

10 days ago

I think mutual fund shareholders get to vote on changes in investment objective.

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