The Investment Company Act guards against overuse of leverage in mutual funds to protect retail investors.
Last year's repeal of the Public Utility Holding Company Act removed restrictions on who could run utilities.
Whitney Holdings is a Louisiana bank holding company registered pursuant to the Bank Holding Company Act of 1956.
If you want to know how to not protect investors, take a good look at the Investment Company Act of 1940.
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Investment companies are regulated primarily under the Investment Company Act of 1940.
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Few have actually done so, not least because America's 1940 Investment Company Act imposes tough restrictions on public firms that are principally an investment portfolio.
Instead, throughout the 1980s the SEC routinely issued exemptions from regulation under the applicable law, the Investment Company Act, for all sorts of structured products with remarkably little analysis.
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For example, the Securities Exchange Act (1934) and the Investment Company Act (1940) require that regulators consider the likely impact of a proposed regulation on efficiency, competition and capital formation.
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According to an SEC official, the regulators are evaluating whether derivatives are being used by mutual funds and ETFs in ways that are consistent with the protections of the Investment Company Act.
In 1990, the SEC issued the Investment Company Act Release No. 17809 and ultimately paved the way for the formation of mutual funds that allowed for share creation and redemption during the day.
At the heart of the problem is the fact that the Commission continues to believe the legal fictions incorporated in the Investment Company Act of 1940, the federal statute that regulates mutual funds.
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The intent behind the federal securities laws, including the Investment Company Act and the Investment Advisors Act of 1940, was supposedly to provide investors with material information about money managers to enable them to make informed investment decisions.
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Since a felony conviction may result in a manager being statutorily barred from managing a mutual fund under the Investment Company Act, the federal statute that regulates mutual funds, certain fund complexes have engaged in fraudulent document creation and destruction to conceal illegalities.
Of particular interest to hedge fund managers, privately offered funds will be able to conduct offerings using general solicitations or general advertisements under the new amendments, without losing either of the very important exclusions under Sections 3(c)(1) or 3(c)(7) of the Investment Company Act.
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Congress passed historic banking regulations during the New Deal, including the Glass-Steagall Banking Act of 1933, the Securities Act of 1933, and the Public Utility Holding Company Act of 1935, all of which vastly expanded the role of the federal government in overseeing and regulating Wall Street.
The intent behind the Investment Company Act of 1940, which regulates mutual funds, and the Investment Advisers Act of 1940, which regulates money managers, was to provide investors with the important information they needed in order to determine whether to invest with a given manager and to judge the ongoing performance of their managers.
Think like a bigger company and act like a bigger company so that you can grow to become a bigger company.
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These commando-like management teams descend on the newly acquired company and act as in-house consultants.
That allows the company to act like a filter for high-tech clients like Motorola, Inc.
He is critical of the length of time it has taken the company to act.
In 1997, Shrake set up a subsidiary in Nevada called Pacific Rim Exploration, Inc. as a U.S.-based company to act as the exploration arm of Pacific Rim.
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The challenge for Dell is that it will be competing against Acer, Lenovo and others - but the sheer size of the company should act as an advantage.
This failure to get to that range is very likely why fomer SAP chief Leo Apotheker lost his job last February, and likely impels the company to act as it did on Sybase.
Radcliffe did not reveal the name of the pump at first for fear of exposing patients, but after Medtronic tried to gloss over the threat, he went ahead and disclosed it, prompting the company to act.
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If there is any doubt in your mind that the company will not act with integrity, RUN away from the deal as quickly as you can to save yourself and your company from unnecessary headaches.
While it is the duty of managers to work to maximize shareholder wealth by working for what is in the best interest of the company, not all managers act on behalf of the company at all times.
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Whatever Nokia's got planned, several analysts also said the company needs to act fast.
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While Apple has been slowly repairing the faulty directions provided by its mapping application, the company had to act quickly after learning that Australian motorists were being stranded in a dangerous environment.
"We don't believe it's too late to turn News Corp around, but the company needs to act now to make real and substantive changes to start this process, " said Julie Tanner, assistant director of socially responsible investing at Christian Brothers Investment Services.
The basic thought is that as Google is a dominant company it has to act in a certain manner, a more restrained manner with respect to competition than a company which is not in a dominant position has to.
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