In the Margins

Bill would extend '40 Act to Puerto Rico

September 25, 2015

By The New York Times

A bill expected to be introduced by Rep. Nydia M. Velázquez (D-N.Y.) would amend the Investment Company Act of 1940 to give mutual fund investors in Puerto Rico the same regulatory protection their counterparts in the United States have. When the '40 Act was enacted 75 years ago, the U.S. territory was deemed too far off the beaten track to merit scrutiny. Read the original story in The New York Times. 

 

 

 

 

Most Read

10 Things
10 Things...Boards will face in 2023

As mutual fund board members look forward to 2023, which is just around the corner, they are faced with a number of challenges and tasks unique ...