SIE practice questionmediumInvestment Company Act of 1940
A mutual fund account is regulated primarily by which federal law?
- ABank Holding Company Act of 1956
- BSecurities Exchange Act of 1934
- CSecurities Act of 1933
- DInvestment Company Act of 1940✓ Correct answer
Explanation
Why D — Investment Company Act of 1940
The Investment Company Act of 1940 is the primary law governing mutual funds. The 1933 Act governs new issues, 1934 regulates exchanges, and 1956 applies to bank holding companies.
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