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The Investment Company Act of 1940 (commonly referred to as the '40 Act) is an act of Congress which regulates investment funds.It was passed as a United States Public Law (Pub. L. 76–768) on August 22, 1940, and is codified at 15 U.S.C. §§ 80a-1–80a-64.
Initial application for de-registration pursuant to Investment Company Act Rule 0-2 40-APP Applications under the Investment Company Act other than those reviewed by Office of Insurance Products 40-APP/A Applications under the Investment Company Act other than those reviewed by Office of Insurance Products (Amendment) 40-F
The Investment Advisers Act (IAA) was passed in 1940 to monitor those who, for a fee, advise people, pension funds, and institutions on investment matters. Impetus for passage of the act began with the Public Utility Holding Company Act of 1935 , which authorized the Securities and Exchange Commission (SEC) to study investment trusts.
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Mutual funds are a popular way to invest, and if you have a 401(k) or other workplace retirement plan, you probably own some. But mutual funds can be misunderstood. Here are four common myths ...
These principles vary by jurisdiction and in the US, the 1940 Act generally ensure that: (i) The investment fund will be managed in accordance with the fund's investment objectives, (ii) The assets of the investment fund will be kept safe, (iii) When investors redeem they will get their pro rata share of the investment fund's assets, (iv) The ...
The bill prohibits the crowdfunding of investment funds. [28] The first six sections, or "Titles", of the JOBS Act are named after the original bills that each was based on, and the last section, Title VII, tells the SEC to conduct outreach regarding the new legislation to SMEs and businesses owned by women, veterans, and minorities. [29]
Eligibility requirements vary depending on the company, but they are usually less stringent: no income or debt-to-income criteria, and a minimum credit score of only 500. That’s one of their big ...