Course 103: The SEC and Regulation of the Stock Market
The Division of Investment Management
In this course
1 Introduction
2 The Division of Corporate Finance
3 The Division of Market Regulation
4 The Division of Investment Management
5 The Division of Enforcement

This division is responsible for regulating the practices of mutual funds and investment advisors. It makes sure that funds and advisors are properly registered and keeps an eye on their sales and advertising techniques, all of which are regulated by the Investment Company Act of 1940 and other laws. It ensures that funds and fund companies issue proxy statements and shareholder reports, among other documents. The Division of Investment Management also oversees public utilities such as power and gas companies, which were once cesspools of rampant abuse before being put under control of the SEC in 1935.

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