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Series 7 Exam Prep 74, Investment Company Act and Investment Advisers Act
Published 3 weeks, 1 day ago
Description
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- The required composition of a mutual fund's board of directors under the Investment Company Act of 1940.
- The rules and restrictions surrounding transactions with affiliated persons of an investment company.
- The key components and approval process for an investment advisory contract.
- The three-part 'ABC test' used to define an investment adviser under the Investment Advisers Act of 1940.
- The concept of fiduciary duty and how it applies to investment advisers in client interactions.
For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep