SIE practice questionmediumInvestment Company Act of 1940
Which investment vehicle is regulated under the Investment Company Act of 1940?
- AFutures contracts
- BIndividual government bonds
- CCommon stock listed on an exchange
- DOpen-end mutual funds✓ Correct answer
Explanation
Why D — Open-end mutual funds
Open-end mutual funds are investment companies regulated under the Investment Company Act of 1940. Individual bonds, listed common stocks, and futures contracts are governed under different regulatory frameworks.
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