5-40 The chief compliance officer of a mutual fund reports directly to the senior executives of the fund management company.

Name: 5-40 The chief compliance officer of a mutual fund reports directly to the senior executives of the fund management company.
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Question

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The chief compliance officer of a mutual fund typically reports directly to the board of directors or trustees of the fund, not the senior executives of the fund management company, to ensure independence and objectivity in compliance matters.

5-40 the Chief Compliance Officer of a Mutual Fund Reports