Hello.
From the U.S. Securities and Exchange Commission:
"How do I start a Mutual Fund?
...
Known in legal terms as an "open-end management company," a mutual
fund is a type of investment company. Before you consider starting a
mutual fund, you should make sure you understand the laws and rules
that apply to investment companies-including the Investment Company
Act of 1940, the Securities Act of 1933, and the Securities Exchange
Act of 1934. Many investment companies, including mutual funds, must
register with the SEC.
You'll find more information about the steps involved in starting an
investment company in the SEC's "Investment Company Registration
Package." To order a free copy, please call the SEC's Publications
Unit at (202) 942-4040. If you have additional questions, please call
the SEC's Division of Investment Management, Office of Chief Counsel,
at (202) 942-0659. "
source: SEC
http://sec.broaddaylight.com/sec/FAQ_7_37.shtm
All of the laws mentioned above are available online. See:
"Securities Lawyer's Deskbook" hosted by University of Cincinnati:
http://www.law.uc.edu/CCL/sldtoc.html
The Investment Company Act of 1940, pertains specifically to mutual
funds:
http://www.law.uc.edu/CCL/InvCoAct/index.html
Many rules are set forth in the various laws. One requirement, for
example, is that an investment company has to have assets of at least
$100,000.
http://www.law.uc.edu/CCL/InvCoAct/sec14.html
Also see:
"Is there any minimum net capital required to be a mutual fund company
or a broker dealer?" hosted by SEC:
http://sec.broaddaylight.com/sec/dml_fetch.pl?CompanyID=680&ContentID=1362&FaqID=1362&word=How%20do%20I%20start%20a%20Mutual%20Fund&faq_template=http://sec.broaddaylight.com/sec/searchfaq.shtm&topic=16&back_refr=http://sec.broaddaylight.com/sec/&topicname=Companies&Id=&Instance=&Shared=
"Starting A Mutual Fund" hosted by Brill.com
http://www.brill.com/features/ds0800.html
Also see newsgroup discussions hosted by Google Groups:
"How can I start a mutual fund ? "
http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&client=googlet&threadm=418g44%24q5o%40ixnews7.ix.netcom.com&rnum=1&prev=/groups%3Fhl%3Den%26lr%3D%26ie%3DUTF-8%26client%3Dgooglet%26selm%3D418g44%2524q5o%2540ixnews7.ix.netcom.com
"Starting you own Mutual Fund "
http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&threadm=Pine.OSF.4.21.0108131216380.14542-100000%40saturn3.acs.oakland.edu&rnum=1&prev=/groups%3Fhl%3Den%26lr%3D%26ie%3DUTF-8%26selm%3DPine.OSF.4.21.0108131216380.14542-100000%2540saturn3.acs.oakland.edu
Additionally, keep in mind that it's possible to hire a company to
assist you in forming or managing your own mutual fund. This is not an
endorsement of this approach, and you should certainly thoroughly
investigate any company before trusting them with your money, but
there are companies that claim to specialize in this sort of thing:
"Mutual Fund Start up," from InCap Group
http://www.incapgroup.com/mutualfundstartup.htm
BISYS Fund Services
http://www.bisys.com/solutions/mfda/index.asp
US Bancorp Consulting Services – Start-up Funds
http://www.usbfs.com/usbfs/consulting/consultingmain.html
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search strategy:
"start a mutual fund," "starting a mutual fund"
"your own mutual fund"
I hope this helps. If anything is unclear, please use the "request
clarification" feature. As mentioned above, the key first step is to
obtain the "Investment Company Registration Package" from the SEC by
calling their Publications Unit at (202) 942-4040. Good luck! |
