The Type of Abusive Activity That Involves Cases Where Investors

question 66

Multiple Choice

The type of abusive activity that involves cases where investors were able to buy or sell mutual fund shares long after the price had been set each day is

• A)market timing.
• B)late trading.
• C)directed brokerage.
• D)improper fee assessment.
• E)None of the options.

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Definitions:

Indorsements

Signatures or stamps placed on a document (often a financial document) that specify the legal transfer of rights from one party to another.

Unqualified Indorsement

An endorsement on a financial instrument, like a check, that doesn't limit payment to any particular individual or entity.

Indorser

A person who transfers an instrument by signing (indorsing) it and delivering it to another person.

Guaranteeing Payment

The act of promising to fulfill the payment obligations of another party if they fail to pay as agreed.