Free Version

Dashboard
Review Topics
Quizzes
Practice Exams
Flashcards
Vocabulary
What do Canadian buffalo use to pay their bills? BUFFALOONIES.

The 1940 Investment Company Act

Dashboard > Federal Acts > The 1940 Investment Company Act

The 1940 Investment Company Act

The 1940 Investment Company Act was all about investment companies, mainly mutual funds. Because so many investors got so screwed in the investment frenzy in the late 1920s, Congress wanted to be sure that, going forward, a bunch of well-dressed men in suits wouldn't steal Ma and Pa's kitchen. As a result, in order to sell shares to the public, mutual funds had various strictures placed upon them.

They had to register with the SEC, they had to clearly communicate their investment strategy,...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

$63.63
Next: The 1940 Investment Advisors Act
Prev: The 1934 Act

*Securities is a registered trademark of the College Board, which was not involved in the production of, and does not endorse this product.