7 Flashcards
What is an action that the mutual fund custodian does not do?
Buy and sell securities within the fund
What does an exporter hope for when they export goods?
The currency is stronger where they are being exported to
What is a 12b-1 fee?
The cost of marketing and distributing a mutual fund
When is the business continuity plan required?
Mailed to customers upon request
What are the sources of debt service for double-barrel bonds?
Property taxes and user fees
What are the types of preferred stock?
- Cumulative
- Convertible
- Callable
- Participating
What is a feasibility study?
Detail of the economic practicality for a proposed project
What does a portfolio that only holds securities of a few different issuers have?
Systematic and nonsystematic risk
What type of income are dividend payments?
Portfolio income
What type of income are social security payments?
Earned income
What does Rule 147 state?
The resale of securities sold under the intrastate exemption is restricted to intrastate only for 6 months following the first sale
What is something that would require a registration statement filing with the SEC under Rule 145?
A merger with another publicly held company
What happens with HSAs from a tax standpoint?
They are tax-deductible contributions
What additional paperwork is needed when opening a custodian account?
None
When must SIPC information be made available to customers?
At account opening and annually thereafter
