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Comparative Analysis Of U.S. And Saudi Arabia Investment Funds Regulations, Gabriella Tang
Comparative Analysis Of U.S. And Saudi Arabia Investment Funds Regulations, Gabriella Tang
Northwestern Journal of International Law & Business
The investment funds sector has always been a major player in the financial industry globally. As such, many countries with mature financial markets have enacted regulations to govern the activity and management of investment funds. The U.S. Securities and Exchange Commission (SEC) enacted the Investment Company Act of 1940(the Act) as an effort to restore investor confidence in investment funds and safeguard investors from future abuses after the market crash in 1929. On the other hand, emerging financial markets started to take part in regulations in the hope to attract more investors and outside resources. The Capital Market Authority of …