Foreign owned "investment companies" are the same thing as an investment company (mutual fund) in the U.S., and are regulated by both the FDIC and the SEC.

Question

Quizplus · Accepted Answer

Foreign-owned "investment companies" may not be the same as a U.S.-based investment company (mutual fund), and while the SEC (Securities and Exchange Commission) regulates investment companies in the U.S., the FDIC (Federal Deposit Insurance Corporation) primarily insures deposits at banks and savings associations and does not regulate investment companies.

Foreign Owned "Investment Companies" Are the Same Thing as an Investment