| Investment Company Act of 1940 |
Created in 1940 through an act of Congress, this piece of legislation clearly defines the responsibilities and limitations placed upon fund companies that offer investment products to the public.
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Enforced and regulated by the SEC, this act clearly sets out the limits regarding filings, service charges, financial disclosure, and fiduciary duties. It is the document that keeps investment companies in check.
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The Securities And Exchange Commission Defined - The SEC is on your side. Find out how this regulatory body protects the rights of investors.
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Related Terms
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