Which of the following is not true regarding ETFs?

A. ETFs have been adversely affected by growth in closed end funds.

B. They trade on exchanges like individual stocks.

C. Assets held in ETFs exceed assets held in mutual funds.

D. They can be bought on margin or sold short.

Investment companies must register with the SEC under the provisions of the:

	A.	Investment Company Act of 1940
	B.	Securities Exchange Act of 1934
	C.	Maloney Act of 1938
	D.	Securities Act of 1933