An Investment Company Sponsoring a Mutual Fund Must Give Potential

question 121

Multiple Choice

An investment company sponsoring a mutual fund must give potential investors a(n) :

• A) 12b-1 report.
• B) prospectus.
• C) disclosure/evaluation form.
• D) redemption fee sheet.
• E) annual report.

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Definitions:

Citizenship

The status of being a legally recognized subject or national of a state or commonwealth, often with associated rights and obligations.

Solicitor-Client Privilege

A legal principle that protects communications between a lawyer and their client from being disclosed without the consent of the client.

Decision-Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Professional Conduct

The expected behaviors, ethical standards, and practices prescribed for professionals in their pursuit of their occupation or profession.