Commodity and securities exchanges. Part270:Rules and regulations, investment company act of 1940. Section270.12b-1:Distribution of shares by registered open-end management investment company.
(a)(1) Except as provided in this section, it shall be unlawful for any registered open-end management investment company (other than a company complying with the provisions of section 10(d) of the Act (15 U.S.C. 80a– 10(d))) to act as a distributor of se