The Type of Abusive Activity That Involves Arrangements Between Mutual

question 35

Multiple Choice

The type of abusive activity that involves arrangements between mutual fund companies and brokerage houses is

• A)market timing.
• B)late trading.
• C)directed brokerage.
• D)improper fee assessment.

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Definitions:

Certify

To officially recognize, verify, or endorse a particular status, qualification, or fact.

Bank

A financial institution licensed to receive deposits and make loans, and may offer various other financial services, like wealth management, currency exchange, and safe deposit boxes.

Substantially Impair

A legal term describing conditions where the value, use, or function of something is significantly decreased or hindered.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and harmonize the law among different jurisdictions.