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Exam Series 6 All Questions

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Exam Series 6 topic 1 question 139 discussion

Actual exam question from FINRA's Series 6
Question #: 139
Topic #: 1
[All Series 6 Questions]

Any compensation earned by a broker-dealer and its registered representative on the sale of mutual fund shares must be returned to the funds underwriter if the purchaser decides to redeem his shares within:

  • A. 30 days.
  • B. 1 week.
  • C. 7 business days.
  • D. 5 business days.
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Suggested Answer: C 🗳️
Any compensation earned by a broker-dealer and its registered representative on the sale of mutual fund shares must be returned to the funds underwriter if the purchaser decides to redeem his shares within 7 business days.

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