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Course Information

Mutual Fund Regulation Short Course

This course provides an introduction to the federal regulation of mutual funds. We will cover the fundamentals of investing and the markets and provide an overview of the Investment Company Act of 1940 and other key laws and regulations governing the organization, operation, and distribution of funds. Students will learn about the roles of boards of directors, investment advisers and other service providers and distributors of the more than 20,000 U.S. mutual funds, which today exceed $20 trillion in assets held by more than 100 million Americans. We will cover fund formation, portfolio management/trading, and sales and marketing, as well as conflicts of interest, from the perspectives of Portfolio Managers, General Counsels, Chief Compliance Officers and other industry participants, including the Securities and Exchange Commission. Our readings will include laws, rules, and SEC guidance and interpretations, along with enforcement cases, studies and reports on scandals that changed the industry. Pass/Fail.