ADVANCED 1940 ACT ISSUES INVOLVING MUTUAL FUNDS, ETFS, AND CLOSED-END FUNDS (2) (BUS 803)

Professor William Renahan

This course will examine in detail all of the current advanced issues facing investment companies of all types, including open-ended mutual funds, ETFs, and closed-end funds. The course will provide an excellent overview of the Investment Company Act of 1940 and the Investment Advisors Act of 1940 and will address such current issues as the relationship between federal and state laws, special situation companies, and possible regulatory exemptions involving venture capital, hedge funds, business development companies, and other regulated entities; fund and advisor registration and disclosure requirements; corporate governance issues; analysis of required forms, such as Form ADV and the statement of additional information; the role of fund service providers, such as transfer agents, custodial banks, and distribution firms; the role of the underwriter; investment and trading strategies and restrictions; and current ethical issues facing funds and their advisors. (Open to LL.M. Students Only)