The 1940 Investment Act: A Guide to Understanding its Impact on Your Investments


The 1940 Investment Act: A Guide to Understanding its Impact on Your Investments

The Investment Company Act of 1940 is a United States federal law that regulates investment companies, including mutual funds and closed-end funds. It was enacted in response to the market crash of 1929, which revealed widespread abuses in the investment industry.

The 1940 Act imposes a number of requirements on investment companies, including: