Series 7 Exam Prep 74, Investment Company Act and Investment Advisers Act

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The required composition of a mutual fund's board of directors under the Investment Company Act of 1940. - The rules and restrictions surrounding transactions with affiliated persons of an investment company. - The key components and approval process for an investment advisory contract. - The three-part 'ABC test' used to define an investment adviser under the Investment Advisers Act of 1940. - The concept of fiduciary duty and how it applies to investment advisers in client interactions. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep