Investment Company Training Series: Investment Company Act - Focus on Section 12

In the 1930s, the relative novelty of investment companies combined with the aftermath of the Stock Market Crash of 1929 meant that there was a lot happening in the securities markets. This made enacting the Investment Company Act of 1940 (and Section 12) particularly important. 

Please join ACA for a discussion on Section 12 of the Investment Company Act.

We will discuss:

• What happened in the 1930s that laid the foundation for Section 12’s adoption
• The functions and activities Section 12 prohibits or restricts when dealing with investment companies
• The rules adopted by the SEC to address particular issues and how they are applied in the real world
• How you can test your systems to ensure compliance