Finra Exam Series-7 Topic 3 Question 110 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 110
Topic #: 3

[All Series-7 Questions]

A mutual fund letter of intent may permissibly be predated for a period of time up to:

A5 business days

B10 business days

C90 calendar days

D13 months

Show Suggested Answer

Suggested Answer: C

90 calendar days. An investor has 90 days from the date of original purchase to sign a letter of intent. The maximum duration for the letter is 13 months from the initial purchase.

by Michell at Apr 09, 2025, 09:20 AM

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Rene

2 days ago

Definitely C) 90 calendar days. That's the maximum allowed for predating a mutual fund letter of intent.

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Ligia

13 days ago

I see your point, but I still think A) 5 business days makes more sense.

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Jackie

17 days ago

I disagree, I believe the correct answer is B) 10 business days.

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Ligia

20 days ago

I think the answer is A) 5 business days.

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