Forex trading systems – I think it is a real achievement, which both we and the Commission can feel proud of, that we have been able to cooperate so effectively and work in such close harmony in the development of these proposals for legislation.

” THE INVESTMENT COMPANY ACT The key to the provisions of the Investment Company Act was the experience of the industry, summarized in the preceding chapter. As the Commission put it, the problems of investment companies flow from the very nature of their assets, which consist of cash and securities, i.e. assets which are usually liquid and readily negotiable. Because of these characteristics, control of the funds offers manifold opportunities for exploitation by an unscrupulous management. The Commission might have added that the conception of management-stockholder relations also had changed in the interim and that practices which fell short of being scrupulous were now frowned upon, if not universally, at least by many in the industry, who felt the need of legislation to impose the new concepts on the industry at large.

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[tags]Day Stock Trading[/tags]