SIE practice questionmediumInvestment Company Act of 1940
Which of the following investment products is regulated under the Investment Company Act of 1940?
- AHedge funds
- BMutual funds✓ Correct answer
- CReal estate investment trusts (REITs)
- DPrivate equity funds
Explanation
Why B — Mutual funds
Mutual funds are regulated under the Investment Company Act of 1940. Hedge funds and private equity funds are typically exempt, and REITs are governed by different rules.
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