ExamTopics Logo
Mail Us[email protected]
Menu
Finra Discussions
exam questions

Exam Series 6 All Questions

View all questions & answers for the Series 6 exam
Go to Exam

Exam Series 6 topic 1 question 196 discussion

Actual exam question from FINRA's Series 6
Question #: 196
Topic #: 1
[All Series 6 Questions]

The "statement of additional information" (SAI) that mutual funds and closed-end funds are required to produce:

  • A. must be provided to prospective investors whenever an offer to sell shares of these funds is made.
  • B. must be sent to shareholders of the fund on at least a semiannual basis.
  • C. usually contains some biographical information on the officers and directors of the fund.
  • D. Both A and B are true statements.
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️
The "statement of additional information" (SAI) that mutual funds and closed-end funds are required to produce usually contains some biographical information on the officers and directors of the fund. The SAI need only be provided to prospective investors upon request, and it is not sent to shareholders of the fund. Shareholders of the fund receive annual and semiannual reports from the fund, however.
by lolojepu at April 6, 2025, 1:24 a.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
Currently there are no comments in this discussion, be the first to comment!
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel