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Finra Exam Series-7 Topic 3 Question 110 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 110
Topic #: 3
[All Series-7 Questions]

A mutual fund letter of intent may permissibly be predated for a period of time up to:

Show Suggested Answer Hide Answer
Suggested Answer: C

90 calendar days. An investor has 90 days from the date of original purchase to sign a letter of intent. The maximum duration for the letter is 13 months from the initial purchase.


by Michell at Apr 09, 2025, 09:20 AM

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Gladis
29 days ago
Ah, the good old mutual fund letter of intent predate conundrum. I'm sure option C) is the right answer, unless it's a trick question. *chuckles*
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Lonny
1 months ago
10 business days? That seems way too short. I'm going with C) 90 calendar days.
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Eric
5 days ago
I'm also going with C) 90 calendar days. It seems like the most reasonable choice.
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Cletus
14 days ago
I think C) 90 calendar days is the safest option. It gives more flexibility in case of any delays.
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Laurel
22 days ago
I agree, 10 business days does seem short. I also think C) 90 calendar days is the correct choice.
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Glennis
1 months ago
Hmm, I thought it was 13 months. Oh well, better double-check the details on that one.
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Annette
5 days ago
Let's look it up to be sure before making any decisions.
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Willis
7 days ago
Are you sure? I remember reading somewhere that it's 10 business days.
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Aliza
15 days ago
I think it's actually 90 calendar days, not 13 months.
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Rene
2 months ago
Definitely C) 90 calendar days. That's the maximum allowed for predating a mutual fund letter of intent.
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Sharita
5 days ago
Always best to stay compliant with regulations to avoid any penalties.
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Ardella
16 days ago
Yes, it helps to prevent any potential issues or misunderstandings.
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Jettie
25 days ago
It's important to follow the rules when it comes to mutual fund transactions.
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Annabelle
1 months ago
I agree, C) 90 calendar days is the maximum allowed for predating a mutual fund letter of intent.
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Ligia
2 months ago
I see your point, but I still think A) 5 business days makes more sense.
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Jackie
2 months ago
I disagree, I believe the correct answer is B) 10 business days.
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Ligia
2 months ago
I think the answer is A) 5 business days.
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