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Finance Dictionary and Glossary of Investment Terms
Investment Company Act of 1940
Definition 1.
A set of Federal laws which regulate the registration and activities of investment companies, enforced by the SEC.
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Definition 2.
Created in 1940 through an act of Congress, this piece of legislation clearly defines the responsibilities and limitations placed upon fund companies that offer investment products to the public.
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Definition 3.
Legislation that requires investment companies to register with the SEC and that outlines standards by which they must operate.
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