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  • Notice to Members 04-26 | FINRA. org
    For example, a UIT may charge an initial sales charge of 1 00 percent for purchases of less than 50,000 units; reduce the charge to 75 percent for purchases of between 50,000 and 100,000 units; reduce it again to 25 percent for purchases of between 100,000 and 250,000 units; and eliminate it entirely for purchases of more than 250,000 units
  • Unit Investment Trusts — Features, Costs and Compensation
    SALES CHARGES: UITs assess sales charges on units you purchase in commission-based brokerage accounts The sales charge for UITs may be composed of three components First, an initial sales charge may be applied to your purchase amount Second, most UITs assess a deferred sales charge
  • Unit Investment Trusts - E*TRADE
    Although broker-dealers selling UITs generally receive a portion of the maximum sales charge, referred to as the “dealer concession,” E*TRADE clients purchasing UITs receive a credit at the time of purchase in an amount that is equal to the dealer concession
  • Announcing Reduced Pricing and Simplified Structure for UITs
    The new sales charge structures are subject to change prior to being implemented 1 Charges based on the public offering price The maximum sales fee consists entirely of an initial sales fee deducted at the time of purchase
  • Unit Investment Trusts — Features, Costs and Compensation
    For example, a typical maximum sales charge for a 15-month equity UIT would be 2 95% for amounts invested up to $50,000 However, for amounts invested between $50,000 – $99,999, the sales charge would be 2 70%; between $100,000 – $249,999, the sales charge would be 2 45%; between $250,000 – $499,999, the sales
  • 2120. Commissions, Mark Ups and Charges | FINRA. org
    Disclaimer: The summary and detailed topics are only available for 40 FINRA Rules and have been applied as part of the FINRA Rulebook Search Tool™ (FIRST™) prototype FIRST is for informational purposes only and does not provide regulatory or compliance advice
  • SIE Ch. 4 Flashcards - Quizlet
    Mutual fund managers are not permitted to earn a percentage of the "winnings" Mutual fund managers do not earn any part of the sales charge Under FINRA Rules, 8 1 2% is the maximum sales charge that may be levied on a single mutual fund purchase
  • 2341. Investment Company Securities - FINRA. org
    (D) If an investment company without an asset-based sales charge pays a service fee, the maximum aggregate sales charge shall not exceed 7 25% of the offering price
  • FINRA Investment Co. Product Sales Charge Discounts Waivers
    On March 4, 2021, FINRA issued a regulatory notice relating to the application of investment company sales charge discounts and waivers to investors in circumstances described in applicable
  • Notice To Members 92-41 | FINRA. org
    Currently, the rule governs only front-end and deferred sales charges At the time the maximum sales charge rule was originally adopted, the primary method used by mutual funds to finance sales related expenses was a front-end sales charge deducted from the offering price of mutual fund shares





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