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Jones v. Harris Associates L.P., 559 U.S. 335 (2010), is a case decided by the United States Supreme Court in which investors claimed that the fees they paid to an investment advisor were too steep, violating the Investment Company Act of 1940. [1] [2] [3]
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.
Secretary of State, 378 U.S. 500 (1964) Section 6 of the Subversive Activities Control Act of 1950, which makes it a crime for any member of a communist organization to attempt to use or obtain a passport, is an unconstitutional abridgment of the right to travel.
13D Activist Fund Takes a Distinct Investment Approach One Year Performance Beats the S&P 500 Index by 5.27% NEW YORK--(BUSINESS WIRE)-- The 13D Activist Fund (DDDIX), the only mutual fund that ...
Investment management firms, that are regulated by the Investment Company Act of 1940, the Investment Advisers Act of 1940 and ERISA 1974, will almost always take shareholder voting rights. By contrast, larger and collective pension funds, many still defined benefit schemes such as CalPERS or TIAA , organize to take voting in house, or to ...
Some mutual funds are more diversified than others, of course. But a truly diversified portfolio will include bonds, cash, and other investments in addition to mutual funds. 2.
A face-amount certificate company is an investment company which offers an investment certificate as defined by the United States Investment Company Act of 1940. In general, these companies issue fixed income debt securities that obligate the issuer to pay a fixed sum at a future date. They are generally sold on an installment basis. [1]
On June 16, 2017, the company that remained after Verizon Communications purchased the core Internet businesses of Yahoo! Inc. was renamed Altaba Inc. The new company, listed by the Securities and Exchange Commission as a "non-diversified, closed-end management investment company," [7] [32] immediately began trading on NASDAQ under the ticker symbol AABA.