SIE Exam Practice Question 711

Question: 711

Which of the following acts regulates the organization of companies, including mutual funds, that engage primarily in investing, reinvesting, and trading in securities? The act is designed to minimize conflicts of interest that arise in these complex operations.

Correct Answer: C

Explanation:

The Investment Company Act of 1940 regulates the organization of companies, including mutual funds, that engage primarily in investing, reinvesting, and trading in securities. The act is designed to minimize conflicts of interest that arise in these complex operations.

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