Series 63: Investment Company Act Of 1940

Taken from our Series 63 Online Guide

Investment Company Act of 1940

Many people claim that the Investment Company Act of 1940 created mutual funds, but this is incorrect. Mutual funds, along with other types of pooled investments, were available even before the 1929 stock market crash. The Investment Company Act of 1940, instead, began regulating these investments and their issuers. Also covered under the act are unit investment trusts (UITs), which are simplified investment pools for which a preset portfolio is constructed and a limited amount of investment units are sold, and face value certificates, which are essentially unit investment trusts that promise to pay back investors a certain amount on a certain date.

The main purpose of this act is to require th

+ Read More

More Series 63 Info

What are people saying?

Create an Account

Since you're reading about Series 63: Investment Company Act Of 1940, you might also be interested in:

Series 63 - Registration of Securities

Series 79 - 12.1.1.2.1. Exit Strategies

Series 53 - Chapter Three

Series 24 - Management Companies: Open-end Funds

Series 7 - 3.4.4. Trade Reporting and Settlement

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

The manuals make the process of wading through all the material much more enjoyable. Ordinarily, this stuff would not be entertaining to study, but even a serious person like me could be heard laughing out loud occasionally. The on-line testing was very convenient, and being able to refer back to the missed questions was very helpful. Best of all, I passed both the 6 and 63 on the first attempt!

Blaine Burnett, Cascade Financial Advocates, Portland, OR

I ordered the Series 63 material on 10/4 and sat for my exam today 10/15 and I passed....the exams are more challenging then the other vendors I used. This cleary helped me pass the exam. I'm about to order the 65 material

David Lewis, White Plains, NY

I have now used Solomon for the SIE, series 6, and 63. I am ordering my 7 materials now. The structure and resources are right on target. The practice exams are more difficult than the exam which makes taking the exam much easier. I give all of the credit to Solomon for my 100% pass rate so far. I recommend Solomon to all of my coworkers.

Alex Coyne, Northwestern Mutual. Pensacola, FL

In preparation for the Series 7, I began with Kaplan. I tested and did not pass. I then switched to STC materials. I tested and did not pass. I then switched to Solomon and passed! I also used Solomon for the 63 and passed the first time. I highly recommend Solomon's test preparation materials. The question bank was far more extensive than the others and I definitely felt better prepared using Solomon.

Kara S, CLS, Carrollton, TX

Earlier this month I passed the Series 6 using the book and then for the Series 63, I read the book first (like always) and after that I was practicing all the time in your web page (about ten times by chapter, in order to master it). I studied the 63 in about 2 weeks and let me tell you that your website and the immediate feedback helped me a lot (I got an 85 in my test). Thank you very much!

Maricella Tenorio Bocangel, New York Life, New York, NY

Thank you Solomon! I was able to pass the SIE, 7, 63 and 24 in a relatively short time period. The practice exams with answers really helped and when I had a question for The Professor, I always received a quick and accurate response. Solomon is definitely the way to go.

Seth Schader, CCO, Mercer Island, WA