About
The Division of Investment Management develops regulatory policy for investment advisers and investment companies, including mutual funds, exchange-traded funds, and other funds and products in the asset management industry. The Division advises the Commission on whether to propose, adopt, or amend rules and forms under the Investment Advisers Act of 1940 and the Investment Company Act of 1940.
FAQs
Division staff's answers to frequently asked questions by topic and an archive of Division information updates and guidance updates.
No-Action Letters
Correspondence from SEC staff in response to requests for no-action, interpretive, or exemptive letters.
Fund Disclosure
Funds make many filings that vary in complexity, so division staff take a risk-based approach to reviewing them and ensuring investors have what they need to make informed decisions.
Orders and Notices
Investment Company Act
A compilation of applications and corresponding Commission orders for exemptive or other relief filed under the Investment Company Act.
Investment Advisers Act
A compilation of notices or applications and corresponding Commission orders for registration cancellation or exemptive relief filed under the Investment Advisers Act.
Notices of Effectiveness
A compilation of Securities Act registration statements and post-effective amendments that were declared effective on the most recently completed business day.
Data
Division staff conduct ongoing financial analysis of the asset management industry, gathering and analyzing operational information directly from asset managers and other participants.
Resources for Investors
Visit the investor resources page to:
- Check your investment professional
- Ask a question
- Report a problem with an account or financial professional
Find a Fund
View prospectuses, proxy voting records, and other forms by searching the name of a mutual fund or ETF.