The Type of Abusive Activity That Involves Cases Where Investors

question 73

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.

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Definitions:

Epidemic

A widespread outbreak of an infectious disease in a community at a particular time.

Idiom

A phrase or expression that has a figurative, sometimes literal, meaning different from the meanings of the individual words.

Preoccupied

Absorbed in thought; engrossed or distracted by something, resulting in a lack of attention to other matters.

Looked Up

To search for information or an entry in a reference book or database, or to seek information online.