SEC Conference Marks 75th Anniversary of Investment Company Act and Investment Advisers Act

The SEC hosted a conference that commemorated the 75th anniversary of the Investment Company Act and the Investment Advisers Act. The SEC noted that it currently oversees registered investment companies with a combined $17.8 trillion in assets and registered investment advisers with approximately $67 trillion in regulatory assets under management.

The SEC's announcement of the 1940 Acts' 75th anniversary quotes SEC Chair Mary Jo White as saying that "[f]or 75 years, these Acts have served as a strong foundation for the Commission's regulation of the asset management industry. Their flexibility has enabled the Commission to develop rules and regulatory responses to protect investors as the industry and markets have evolved."