SIE (Securities Industry Essentials) Practice Exam

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Which law covers the registration of mutual funds?

Securities Exchange Act of 1934
Securities Act of 1933
Investment Advisers Act of 1940
Investment Company Act of 1940

The correct answer is: Investment Company Act of 1940

The Investment Company Act of 1940 specifically covers the registration and regulation of mutual funds. The Securities Exchange Act of 1934 primarily regulates stock markets and exchanges, while the Securities Act of 1933 deals with the registration and disclosure requirements of securities offerings. The Investment Advisers Act of 1940 focuses on regulating investment advisers, not mutual funds. Therefore, A, B, and C are incorrect choices for this question.