Investment Company Act Of 1940

Created in 1940 through an act of Congress, this piece of legislation clearly defines the responsibilities and limitations placed on fund companies that offer investment products to the public.

Enforced and regulated by the Securities and Exchange Commission, this act clearly sets out the limits regarding filings, service charges, financial disclosure and fiduciary duties of open-end mutual, exchange-traded and closed-end funds. It is the document that keeps investment companies in check.


Investment dictionary. . 2012.

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  • Investment Company Act of 1940 — Investment Company Act of 1940, as amended (ICA) USA The Investment Company Act of 1940 (15 U.S.C. §§ 80a 1 − 80a 64) regulates mutual funds and other companies that engage primarily in investing, reinvesting, and trading in securities, and whose …   Law dictionary

  • Investment Company Act of 1940 — The Investment Company Act of 1940 is an act of Congress. It was passed as a United States Public Law and is codified at usc|15|80a 1 through usc|15|80a 64.Following the founding of the mutual fund in 1924, investors welcomed the innovation with… …   Wikipedia

  • Investment Company Act of 1940 — Legislation that requires investment companies ( investment company) to register with the SEC and that outlines standards by which they must operate. Bloomberg Financial Dictionary …   Financial and business terms

  • Investment Company Act of 1940, as amended — (ICA) USA The Investment Company Act of 1940 (15 U.S.C. §§ 80a 1 − 80a 64) regulates mutual funds and other companies that engage primarily in investing, reinvesting, and trading in securities, and whose own securities are offered to the… …   Law dictionary

  • Investment Advisers Act of 1940 — The Investment Advisers Act of 1940, codified at usc|15|80b 1 through usc|15|80b 21, is a United States federal law that was created to regulate the actions of investment advisers (also spelled advisors ) as defined by the law.The law provides in …   Wikipedia

  • Investment Company Act — of 1940, as amended (ICA) USA The Investment Company Act of 1940 (15 U.S.C. §§ 80a 1 − 80a 64) regulates mutual funds and other companies that engage primarily in investing, reinvesting, and trading in securities, and whose own securities are… …   Law dictionary

  • Investment Company — A corporation or trust engaged in the business of investing the pooled capital of investors in financial securities. This is most often done either through a closed end fund or an open end fund (also referred to as a mutual fund). In the U.S.,… …   Investment dictionary

  • investment company — see company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. investment company …   Law dictionary

  • Investment company — An investment company is a company whose main business is holding securities of other companies purely for investment purposes. The investment company invests money on behalf of its shareholders who in turn share in the profits and losses. In… …   Wikipedia

  • Management Investment Company — A formal name for a company that sells and manages a portfolio of securities. A management investment company is one of the three fundamental types of investment companies, the other two being unit investment trusts and face amount certificate… …   Investment dictionary

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