PLANNING TO TAKE THE SIE EXAM? THEN STUDY AND KNOW THE VARIOUS MUTUAL FUND SHARE CLASSES!
If you plan on sitting for the Securities Industry Essentials (SIE) Exam, be prepared for test questions that ask about the various Share Classes for Mutual Funds. FINRA publishes a Content Outline for the SIE Exam, and it specifically lists knowledge of Share Classes in Section 2.1.4. Bob Eder in his Study for the Securities Industry Essentials (SIE) Exam discusses Share Classes of Mutual Funds in detail. Here is an example of Bob Eder's treatment: "Class B "Surrender Charges (2.1.4) "Class B shares entail a contingent deferred sales charge (CDSC), or sometimes called a "surrender charge," similar to such charges in many annuities. This means that an investor pays the charges only when and if he/she redeems shares within the first five or seven years. There is no front