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Question 78/80
A summary prospectus for a mutual fund must contain which of the following information?
Correct Answer: B
Step by Step Explanation:
* Summary Prospectus Content: Must include key information such as the fund's investment objectives, risks, fees, and past performance. This helps investors make informed decisions.
* Incorrect Options:
* A: Projected returns are speculative and not included in the prospectus.
* C & D: Detailed portfolio holdings and control persons are included in the full prospectus, not the summary.
References:
* SEC Rule 498 (Summary Prospectuses): SEC Prospectus Requirements.
* Summary Prospectus Content: Must include key information such as the fund's investment objectives, risks, fees, and past performance. This helps investors make informed decisions.
* Incorrect Options:
* A: Projected returns are speculative and not included in the prospectus.
* C & D: Detailed portfolio holdings and control persons are included in the full prospectus, not the summary.
References:
* SEC Rule 498 (Summary Prospectuses): SEC Prospectus Requirements.
- Question List (80q)
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- Question 26: Under SEC Regulation D, which of the following parties is co...
- Question 27: A customer purchased 100 shares of Company XYZ common stock ...
- Question 28: Which of the following responses best describes how member f...
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- Question 30: A customer purchases $3,000 of XYZ, which settles today in a...
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- Question 32: A market maker quotes the market on an NMS equity security a...
- Question 33: A customer purchased $80,000 of Fund XYZ two years ago. He n...
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- Question 35: Rising economic activity is most likely to increase revenues...
- Question 36: If an investor is bullish on ABC, which of the following act...
- Question 37: Which of the following statements is true about a corporatio...
- Question 38: Which of the following statements describes a characteristic...
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- Question 46: A market maker quotes the market on an NMS equity security a...
- Question 47: A customer will be out of the country for the next two month...
- Question 48: A registered representative (RR) owns 500 shares of a thinly...
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- Question 55: Which of the following is not a pass-through entity for tax ...
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- Question 75: Which of the following is considered nonpublic information?...
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- Question 78: A summary prospectus for a mutual fund must contain which of...
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