The Investment Advisors Act of 1940 sets out rules to prevent conflicts of interest, fraud, and excessive fees or charges for mutual fund shares

The medical expense deduction may only be taken if they were

A) incurred during a hospital stay that lasted at least two days. B) more than 2 percent of adjusted gross income. C) more than 7.5 percent of adjusted gross income. D) more than 20 percent of adjusted gross income.

Why is it important to determine what investment goals you are trying to achieve before you invest in a mutual fund?

A) The mutual fund company may attempt to change your goals to meet their fund offerings. B) You must provide the mutual fund company with your defined goals before they allow you to purchase shares. C) You must look for a mutual fund with the same or similar investment goals that you have in order to find an appropriate fund. D) All of the above are correct. E) Only A and B are correct.