human
Can you explain a specific law regarding investment banking?
assistant
Investment banking is subject to many laws and regulations in order to protect investors and ensure best practices. One important law is the Securities Act of 1933, which requires that any security offered for sale must be registered with the Securities and Exchange Commission (SEC). This Act ensures investors receive certain disclosures and safeguards when making their investment decisions. Additionally, investment bankers are subject to the Investment Company Act of 1940, which provides the framework for the sale of securities by investment companies, such as mutual funds and money market funds.