Who regulates the sale of mutual funds?



Answers:
The U.S. Securities and Exchange Commission (SEC) is the key federal agency responsible for regulating mutual fund undertakings. The SEC monitors fund compliance beside the chief federal statute governing mutual funds: the Investment Company Act of 1940. The 1940 Act impose restrictions not with the sole purpose on mutual funds but also on the investment adviser, directors, principal underwriters, officer, and force that pass out the business of the fund. The SEC also monitors how funds comply next to other federal statutes, including the Investment Advisers Act, the Securities Exchange Act of 1934, and the Securities Act of 1933.
Its probably the SEC: Securities and Exchange commission.
The Securities and Exchange Commission.

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