Mutual Fund Share Class


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Mutual Fund Share Class

In mutual funds, a type of share with a particular load. The load, which is the sales fee for buying into the mutual fund, is charged at different times depending on the stock class. For example, a class A stock has a load that is paid up front, while a class B stock has a load that is paid when one sells the shares in the mutual fund.
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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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