The Division of Investment Management regulates investment companies, variable insurance products, and federally registered investment advisers. Types of investment companies include mutual funds, closed-end funds, unit investment trusts, and exchange-traded funds.
The Division of Investment Management works to:
- Protect investors
- Promote informed investment decisions
- Facilitate appropriate innovation in investment products and services through regulating the asset management industry.
Learn more about the Division of Investment Management
Laws and Rules
- Staff Letter (Interpretive letter under Section 22(d) of the Investment Company Act of 1940 - Fund Shares Distribution)
- Staff Letter (No-Action Relief under Section 15(a) of the Investment Company Act)
- Money Market Fund Statistics, November 2016
- Staff Letter (Use of Affiliated Broker for Foreign Exchange Transactions)
- IM Guidance Update (Mutual Fund Fee Structures)