As with most securities regulation, knowing the definitions is critical to understanding the law. Under the Investment Company Act of 1940, included in the definition of the term "investment company" would be all of the following EXCEPT:

As with most securities regulation, knowing the definitions is critical to understanding the law. Under the Investment Company Act of 1940, included in the definition of the term "investment company" would be all of the following EXCEPT:



A) face-amount certificate company.

B) management company.

C) unit investment trust.

D) public utility holding company.



Answer: D) public utility holding company.


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