SIE: 3.1.6.1. Redemption Fees And Back-End Load Sales

Taken from our SIE Online Guide

3.1.6.1. Redemption Fees and Back-End Load Sales

Some mutual funds charge a redemption fee. FINRA rules state that the redemption fee plus any back-end load cannot exceed 8.5% of the share price. Recall that a declining back-end load is called a contingent deferred sales charge because the sales charge is deferred until the investor sells and the percentage charged is contingent on when the sale occurs. If a deferred sales charge will be applied, the customer’s trade confirmation must include the following disclosure: “On selling your sh

+ Read More

More SIE Info

What are people saying?

Create an Account

Since you're reading about SIE: 3.1.6.1. Redemption Fees And Back-End Load Sales, you might also be interested in:

Series 14 - 2.4.1. Filling Out an Order Ticket

Series 50 - Distressed Events

Series 99 - 2.1.4.6 Rejections and Reclamations

Series 79 - 10.3. Small Public Offerings: Regulation A

Series 24 - 4.6.7. Disclosure in Public Appearances

Series 82 - 3.2.2.3.2. Transfer of Preferred Stock

Series 53 - Associated Persons Registration

Series 7 - 13.4.3 Outside Accounts of Associated Persons

Series 24 - Managing Conduct with the Public

Series 54 - Underwriter Exclusion

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I passed after two and a half weeks of studying for the SIE. I am an industry veteran, though have been out of the securities business for over 10 years. It was really the logic of the exam simulator process and repetition that did the trick.
The exercises and exam simulator were brilliant! Forward and onward to Series 82!

Norman Hall. West Tisbury, MA

Solomon Exam Prep helped me pass the Series SIE, 63, 65 and 7 exams. The study materials are easy to understand and practice exams were very helpful, especially with the passing probability to gauge my exam readiness. The instructor for all web classes were really worth it as I could get directly answers for my questions. I couldn't have pass these exams without Solomon's help. Thank you!

My sincere thanks and appreciation to the team at Solomon. I've used your materials to pass the SIE and Series 6, both on the first try, and today with your help, I have passed the Series 26 exam on the first try as well! Thank you for the excellent materials and assistance!

Kristina Ribali, MWA Financial Services. Ave Maria, FL

I'm not the best test taker. Solomon changed that. I was struggling on the quizzes and practice test. However, I passed the SIE on the first try. Took me less than one hour to complete. I felt very prepared.

Lamar Barnes, Washington D.C.

I passed the SIE on my first attempt thanks to Solomon Exam Prep's structure and chapter guides consolidating a large amount of information into easy to learn material. I did not study finance in College and have been in Compliance for the better part of my career. This has been a validating experience thanks to Solomon Exam Prep.

Marlon Gonzalez-Perez, Tradition. New York, NY

Within a few months, I passed the SIE, Series 7, 63, 65, & 79 exams all on the first try using Solomon Exam Prep. This material will prepare you for the actual exam. I will say in many instances the practice exams are more difficult than the actual exam. Solomon and the various tracking metrics will more than help you prepare for the rigors of exam day. I highly recommend the practice exams and ability to dive back in to review weak areas. I will continue to use their products and services in the future.

Andrew Ezzat, Bank of America. Tampa, FL.