Investment Company Act

Investment Company Act definition - business

Investment Company Act

A 1940 act that regulates the management of investment companies in relation to items such as financial statements, stated investment goals, personnel, debt issuance, and directors. The goal of the act was to provide adequate disclosure and to curb the management abuses prevalent during the 1920s and 1930s.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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