Absolute Free Series-6 Exam Practice for Comprehensive Preparation 

If an investor places an order to buy or redeem shares of a mutual fund before 4 P.M.EST on a day when the markets are open, the price will be based on the fund’s net asset value (NAV), as calculated at the end of that trading day.

because the SEC has recently announced the fund’s registration statement effective, the client can rest assured that it is a sound long-term investment.

the SEC pronouncement on the effectiveness of the registration statement means only that the SEC has deemed that enough information has been provided in the registration statement for the client to judge the quality of the investment for himself.

because the SEC has recently approved the fund, it is likely to be a much safer investment than other, older funds in the same fund category.