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What is a '40 Act investment company?

These are entities whose assets primarily consist of securities, with shareholders participating in the portfolio's gains and losses. Under the '40 Act, investment companies must provide investors with regular updates about their investment objectives, policies, and financial health.

What is the '40 Act?

The ‘40 Act, as it’s sometimes called, defined and delineated rules for investment companies, which today are known as mutual funds, investment trusts, ETFs, and so on. The ‘40 Act, along with the Securities Act of 1933, and the Securities Exchange Act of 1934, have formed the foundation for regulation in the investment industry in the US.

What are 40 Act funds?

Funds that are classified in a way that subjects them to the laws of this legislation are sometimes called ‘40 Act Funds. Most hedge funds and some ETFs, such as certain commodity ETFs, are not in this category for different reasons.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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