Series 22: 1.2.1.2. Regulated Investment Companies (RICs)

Taken from our Series 22 Top-off Online Guide

1.2.1.2.  Regulated Investment Companies (RICs)

An investment company is a business whose primary function is to invest in and issue securities. It collects money from multiple clients and invests the money in a pool of securities, whose profits and losses are then shared in proportion to the clientsâ€

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