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Is an entity that exists for the purpose of pooling investments of investors always an investment company?


Thinking of the Investment Company act of 1940 and related acts.

Yes, any legal entity withthe purpose of pooling investors funds in order to invest them is an investment firm. This can range from a mutual fund to a venture capital firm.

An investment firm is any legal entity that takes funds from an investor for the purpose of investing on that persons behalf.

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