The Investment Company Act — often called the ’40 Act — is the main law that regulates investment companies in the U.S. It focuses on ensuring transparency for investors by requiring public disclosure about a fund’s investment objectives, structure, and operations. Investment companies covered by the Investment Company Act must provide detailed information about their financial condition, investment strategies, and policies — both when shares are first sold and through regular ongoing reports. If you’re researching what is the Investment Company Act or how the ’40 Act protects investors, it plays a crucial role in promoting transparency and accountability in the world of pooled investment funds.
Federal Securities Laws, Fast Answers: Investment Companies, Building Blocks: Private Funds, Building Blocks: Starting a Private Fund
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