fernnadoorellan3228 fernnadoorellan3228

16-07-2020
Business

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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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ogorwyne ogorwyne

20-07-2020

Answer:

Follows the investment company act of 1940

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.

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