Frequently Asked Question
Under the Investment Company Act of 1940, an investment company must have minimum net assets of how much before it can issue shares to the public?
A. $25,000
B. $50,000
C. $100,000
D. $500,000
Correct answer: C
An investment company (mutual fund) must have at least $100,000 in assets before selling shares to the public.
B. $50,000
C. $100,000
D. $500,000
Correct answer: C
An investment company (mutual fund) must have at least $100,000 in assets before selling shares to the public.
by
Peter Cherewyk
Peter Cherewyk has worked in the financial field for over 10 years. He completed his Bachelor of Commerce from the University of Alberta, and is currently working towards a Chartered Financial Analyst designation. He enjoys hockey and hiking and the opportunity to teach others.
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