Finra Exam Series-6 Topic 6 Question 83 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 83
Topic #: 6

[All Series-6 Questions]

On which of the following items do mutual fund shareholders get to vote?

i. any change in the investment objective of the fund

ii. the election of a new investment adviser

iii. the renewal of the fund's 12b-1 fee

IV. the purchase or sale of real estate by the fund

AI, II, III, and IV

BI, II, and IV only

CI, II, and III only

DI, III, and IV only

Show Suggested Answer

Suggested Answer: B

A broker dealer is required to file a Currency Transaction Report with the Treasury Department for any cash transaction exceeding $10,000. The report does not need to be filed if the transaction simply has a market value of $10,000, but does not involve cash (aka, currency.)

by Rosendo at Jul 15, 2024, 11:17 PM

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Shaniqua

1 months ago

I dunno, this question seems a bit fishy to me. I bet the fund manager is trying to catch us out with some obscure rule about shareholder voting. Hmm, maybe I'll go with B just to be safe.

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Leota

3 days ago

User 1: I think the answer is A, we get to vote on all those things.

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Grover

2 months ago

Haha, the fund manager must be trying to trick us with this one. I bet the answer is A, just to keep us on our toes!

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Lucia

12 days ago

I'm sticking with A, I think you're both wrong.

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Leonida

18 days ago

I'm sticking with A, I have a feeling it's the right choice.

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Alita

23 days ago

No way, I'm pretty sure it's B.

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Mozell

24 days ago

No way, it has to be C. Trust me on this one.

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Linwood

29 days ago

I think the answer is actually B, not A.

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Major

1 months ago

I think the answer is actually C, not A.

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Madonna

2 months ago

This question is a piece of cake! The answer is clearly C. Shareholders don't get to vote on the purchase or sale of real estate by the fund, so that one's out.

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Misty

2 months ago

I believe they also get to vote on the renewal of the fund's 12b-1 fee.

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Glendora

2 months ago

I agree with Norah, they also get to vote on the election of a new investment adviser.

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Elly

2 months ago

I'm a little unsure about this one. I think the answer might be A, but I'm not totally confident. Maybe I should review the material on mutual fund shareholder voting rights again.

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Hyman

14 days ago

I'll definitely review the material on mutual fund shareholder voting rights to make sure I understand it better.

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Natalie

15 days ago

Yes, that's correct. It's important for shareholders to have a say in those decisions.

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Tiffiny

17 days ago

I think you're right, mutual fund shareholders get to vote on all of those items.

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Geoffrey

2 months ago

A) I, II, III, and IV

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Van

2 months ago

Hmm, this seems straightforward. I'm pretty sure the correct answer is C, since shareholders get to vote on changes to the investment objective, the election of a new investment adviser, and the renewal of the fund's 12b-1 fee.

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Norah

2 months ago

I think mutual fund shareholders get to vote on changes in investment objective.

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