SIE practice questioneasyInvestment Company Act of 1940
Which type of investment vehicle is regulated by the Investment Company Act of 1940?
- AGovernment pension fund
- BPrivate equity fund
- CHedge fund
- DMutual fund✓ Correct answer
Explanation
Why D — Mutual fund
Mutual funds, along with UITs and closed-end funds, are regulated under the Investment Company Act of 1940. Private equity and hedge funds are not typically registered under this act. Pension funds are not investment companies.
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