5-33 The Investment Advisors Act of 1940 sets out rules to prevent conflicts of interest,fraud,and excessive fees or charges for mutual fund shares.

Name: 5-33 The Investment Advisors Act of 1940 sets out rules to prevent conflicts of interest,fraud,and excessive fees or charges for mutual fund shares.
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Question

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The Investment Advisors Act of 1940 primarily regulates investment advisors, not mutual funds. The Investment Company Act of 1940 is the legislation that addresses mutual funds.

5-33 the Investment Advisors Act of 1940 Sets Out Rules