2007-08-21 04:15:25 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
The U.S. Securities and Exchange Commission (SEC) is the main federal agency responsible for regulating mutual fund activities. The SEC monitors fund compliance with the chief federal statute governing mutual funds: the Investment Company Act of 1940. The 1940 Act imposes restrictions not only on mutual funds but also on the investment advisers, directors, principal underwriters, officers, and employees that carry out the business of the fund. The SEC also monitors how funds comply with other federal statutes, including the Investment Advisers Act, the Securities Exchange Act of 1934, and the Securities Act of 1933.
2007-08-21 04:26:59 · answer #1 · answered by Michael K 5 · 1⤊ 0⤋
interior the simpilist words: Mutual money are very sturdy investment. A mutual fund is a team of shares. that's a hundred or perhaps 1000 distinctive shares. The fund supervisor buys and sells shares and tries to make you a income. he's an authority. you do not could desire to appreciate with regard to the shares. constantly look at a mutual fund's prospectus earlier making an investment. that's the historic previous of ways it has achieved over 3 months, a million year, 5 years and 10 years.
2016-11-13 01:59:57 · answer #2 · answered by ? 4 · 0⤊ 0⤋
The Securities and Exchange Commission.
2007-08-21 04:27:23 · answer #3 · answered by Dougie 2 · 0⤊ 0⤋
Its probably the SEC: Securities and Exchange commission.
2007-08-21 04:19:27 · answer #4 · answered by hottotrot1_usa 7 · 0⤊ 0⤋