Which of the following is not a practice of a mutual fund custodian?
A)changing shareholder registrations on the fund's records
B)disbursing dividends and capital gains to the fund's shareholders
C)lending the fund's securities to banks or broker/dealers
D)maintaining sales records for the fund's underwriter

Question

Quizplus · Accepted Answer

lending the fund's securities to banks or broker/dealers. This practice is not permitted under federal law.

Which of the Following Is Not a Practice of a Mutual