A(n)__________ period is any period longer than three business days during which __________ of the participants in a retirement plan are prevented from trading.

Question

Quizplus · Accepted Answer

A blackout period is any period longer than three business days during which 50% or more of the participants in a retirement plan are prevented from trading. During a blackout period, participants may not be able to change investment options in their retirement plan or direct investments for a certain amount of time. This is typically due to a change in plan administrators or investment options, and participants must receive notice of the blackout period in advance.

A(n)__________ Period Is Any Period Longer Than Three Business Days