classified stock

(redirected from Mutual Fund Share Class)
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Noun1.classified stock - common stock classified as A or B where A has certain advantages (e.g., voting power) that B does not
common shares, common stock, ordinary shares - stock other than preferred stock; entitles the owner to a share of the corporation's profits and a share of the voting power in shareholder elections; "over 40 million Americans invest in common stocks"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
As an example, he cited firms that invest clients' money in a mutual fund share class that charges a 12b-1 fee when a lower-cost share class of the same fund is available, "or advisors may improperly choose to use fund assets to pay expenses that should be paid by the firm."
Merrill is also helping clients move from existing brokerage IRAs to Investment Advisory accounts with "pricing flexibility, including rebates on mutual fund share class exchanges," Sieg told reps in a memo.
The Securities and Exchange Commission's new Retail Strategy Task Force will use data analytics to root out misconduct "occurring at the intersection of investment professionals and retail investors," namely mutual fund share class and wrap-fee account abuse, Stephanie Avakian, co-director of the agency's enforcement division, said Thursday.
The new "T" mutual fund share class "has a uniform front-end load and 12b-1 structure across fund families," Saxena said, noting that the share class was created by asset managers "specifically to make it easier for [brokerage firms] to offer mutual funds within commission-based transactional retirement accounts, within the constraints" of the BIC exemption.
Esfandiary said 160 exams--70% of which focused on advisors--have taken place so far, with deficiencies found in areas such as misleading marketing materials, particularly regarding rollovers; reasonableness of products; as well as mutual fund share class.

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