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If a company has 100 shareholders and $100,000 of initial capital with the purpose of investing in securities, this company:
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If a company has 100 shareholders and $100,000 of initial capital with the purpose of investing in securities, this company:

User Sagar Upadhyay
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Answer:

Follows the investment company act of 1940

Step-by-step explanation:

If a company has 100 shareholders and $100,000 of initial capital with the purpose of investing in securities, this company follows the investment Act of 1940

This Act provides regulations towards the organization of companies. This act is an act of Congress which regulates investment funds.

User Cels
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