SIE practice questionmediumInvestment Company Act of 1940
A mutual fund must register with the SEC under which law?
- ASecurities Exchange Act of 1934
- BSecurities Act of 1933
- CInvestment Company Act of 1940✓ Correct answer
- DRegulation D
Explanation
Why C — Investment Company Act of 1940
The Investment Company Act of 1940 requires mutual funds to register with the SEC. The 1933 Act covers offerings; 1934 Act covers trading; Regulation D is for private placements.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 1,867+ SIE questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Related Investment Companies & Packaged Products questions
- When does an investor in a mutual fund buy shares?
- The Investment Company Act of 1940 defines which of the following as investment companies?
- An investor wants intraday pricing and trading privileges not allowed by mutual funds. Which product suits this need?
- Which of the following is governed by the Investment Company Act of 1940?