FINRA Series-7 Question Answer
Which of the following is not a practice of a mutual fund custodian?
changing shareholder registrations on the fund’s records
disbursing dividends and capital gains to the fund’s shareholders
lending the fund’s securities to banks or broker/dealers
maintaining sales records for the fund’s underwriter
lending the fund’s securities to banks or broker/dealers. This practice is not permitted under federal law.
TESTED 06 Jul 2025
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