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The following statements regarding the Investment Company Act of 1940 are true EXCEPT: A It requires all investment companies to register with the SEC. It
The following statements regarding the Investment Company Act of 1940 are true EXCEPT: A It requires all investment companies to register with the SEC. It requires the investment company to register any additional funds it wishes to set up with the SEC. Reports must be provided to the SEC, but not to its shareholders. Registration statements must include a prospectus stating a company's investment objectives and financial conditions
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