SIE practice questioneasyInvestment Company Act of 1940
Which of the following is governed by the Investment Company Act of 1940?
- AFutures contracts
- BBroker-dealers
- CExchange-traded notes
- DMutual funds✓ Correct answer
Explanation
Why D — Mutual funds
The Investment Company Act of 1940 regulates investment companies such as mutual funds, closed-end funds, and UITs. Broker-dealers, ETNs, and futures are regulated under other laws.
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