The Investment Company Act of 1940

Question

Quizplus · Accepted Answer

The Investment Company Act of 1940 regulates the structure and operations of mutual funds, including requirements for registration, disclosure of information to investors, and limits on the types of investments and transactions that funds can make. It does not contain anti-fraud provisions or record keeping and reporting requirements for fund advisors (which are found in the Investment Advisers Act of 1940), regulate broker-dealers, require federal registration of all public offerings of securities, or contain a code of ethics and standards of professional conduct (which are found in other laws and regulations).