When an investor purchases Class A shares of a mutual fund in their brokerage account at a FINRA member firm, the sales charge i

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When an investor purchases Class A shares of a mutual fund in their brokerage account at a FINRA member firm, the sales charge i

s apportioned to all of the following except

Business

1 answer:

Viktor [21] · Answer 1 · 2023-11-28T21:52:03+03:00

When an investor purchases Class A shares of a mutual fund in their brokerage account at a FINRA member firm, the sales charge is apportioned to all of the following except The mutual fund.

<h3>What does it mean to be a member of FINRA?</h3>

The Financial Industry Regulatory Authority (FINRA) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States.

A member is a registered investment firm or a brokerage or a dealership. Generally, an associated person is registered under the company rules and holds an important position at a company making investment decisions.

To learn more about FINRA visit the link

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