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8 May, 09:59

According to Federal Regulations, the SEC would have to issue an exemptive order before a mutual fund may

[A] Adopt a 12b-1 plan.

[B] Change its investment objectives

[C] Employ as an investment adviser a person who has been convicted within the past 10 years of a crime involving the securities business.

[D] Do any of the above

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  1. 8 May, 11:35
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    Answer: The correct answer is "[C] Employ as an investment adviser a person who has been convicted within the past 10 years of a crime involving the securities business.".

    Explanation: According to Federal Regulations, the SEC would have to issue an exemptive order before a mutual fund may employ as an investment adviser a person who has been convicted within the past 10 years of a crime involving the securities business.
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