Investment Company Act of 1940

{
  "id": "MLC-T-INS-001915",
  "term": "Investment Company Act of 1940",
  "field": "Insurance and risk management",
  "definition": "A United States federal law that regulates the organization of companies, including mutual funds, that engage primarily in investing, reinvesting, and trading in securities. It establishes a framework for the registration, operation, and disclosure requirements of investment companies. The Act aims to protect investors by requiring transparency and fair dealing.",
  "url": "https://mlchart.com/terminology/insurance/investment-company-act-of-1940/"
}