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how often must an investment company file reports with the sec as required by the investment company act of 1940?

User Neysor
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Answer:

The Registered investment companies are similar to other publicly registered entities in that an annual audited report must be filed with the SEC. So most likely the investment company must file annually reports.

Step-by-step explanation:

The Investment Company Act of 1940 requires that an open-end investment company have a minimum of $100,000 in net assets prior to commencing a public offering. Reports must be sent to shareholders on a semiannual basis. No fund is permitted to own more than three percent of the outstanding shares of another registered investment company.

User Stenix
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