The United States Congress passed the ________ in an effort to prevent the exploitation of small investors.

A) Investment Company Act of 1940
B) Securities Enforcement Remedies and Penny Stock Reform of 1990
C) Market Reform Act of 1990
D) Securities Act Amendments of 1990
E) National Securities Markets Improvement Act of 1932

To prevent the exploitation of small investors,the United States Congress passed the Investment Company Act of 1940,providing for Securities and Exchange Commission (SEC)regulation of investment companies.Congress later expanded the SEC's power to regulate investment companies under the Investment Company Act Amendments of 1970 and the National Securities Markets Improvement Act of 1996.