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- Version: V12.35
- Q & A: 117 Questions and Answers
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NEW QUESTION: 1
The entity through whom investors buy and redeem mutual fund shares is the fund's:
A. transfer agent.
B. principal underwriter.
C. investment adviser.
Explanation: The entity through whom investors buy and redeem mutual fund shares is the fund's principal underwriter. The fund's custodian is responsible for items such as accounting for the fund's assets and settling securities transactions; its transfer agent maintains records of the shareholders' accounts; and its investment adviser handles the purchase and sale of the securities within the fund.
NEW QUESTION: 2
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