The ____ requires investment companies to register as such with the SEC, which then makes the companies subject to regulations of their activities and holds them liable to the SEC, and to private parties, for violations.

Question

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The Investment Company Act of 1940 requires investment companies to register with the SEC and subjects them to regulations on their activities, including disclosure requirements and fiduciary responsibilities. This Act also holds companies liable for violations, both to the SEC and to private parties.

The ____ Requires Investment Companies to Register as Such with the SEC