3C1 definition explanation

What is 3C1?
A portion of the Investment Company Act of 1940 that permits the exclusion of investment companies from standard registration requirements with the Securities and Exchange Commission (SEC) if they have fewer than 100 U.S. investors. Read more for examples and further explanation including related video clips and also comments

Example explains 3C1
This particular section is one of two policies used frequently by hedge fund companies to avoid certain SEC requirements.

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