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
Mutual funds are regulated by the Investment Company Act of 1940. Individual bonds (B), common stocks (C), and futures (D) are governed under different rules.
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