FINRA Series 7 Exam Prep

Category - Series 7

Under the Investment Company Act of 1940, what is the minimum net worth of a registered investment company?
  1. $100,000
  2. $50,000
  3. $25,000
  4. $5,000
Explanation
Answer: A - $100,000. This was a considerable amount of money in 1940.
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