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 ((No-Action relief under Rule 12d1-2 under the Investment Company Act of 1940)
Staff Letter (No-action relief under section
6(c) of the Investment Company Act of 1940)
- IM Guidance Update (Code of Ethics Guidance for Investment Advisers)
- Notice of Compliance Date (Political Contributions by Certain Investment Advisers: Ban on Third-Party Solicitation)
- Staff Responses to Questions About the Pay to Play Rule (Compliance Date for the Ban on Third-Party Solicitation)