Investment companies (that are in the business of investing or trading in securities) are:
A) not subject to the Investment Company Act
B) not subject to the Investment Company Act if they are insurance companies
C) not subject to the Investment Company Act if they are only involved in internal investing, such as banks
D) not subject to the Investment Company Act if they are insurance companies or if they are only involved in internal investing, such as banks
E) all subject to the Investment Company Act
Correct Answer:
Verified
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