The main cause is no owner representative and no act on behalf of runner's relations in state-owned mono-investment enterprise and joint stock company which forms a restricting balance system.

其主要原因是国有独资和国有控股公司中没有所有者代表，没有所有者对经营者直接委托代理关系所形成制衡机制。

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The Investment Company Act guards against overuse of leverage in mutual funds to protect retail investors.

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If you want to know how to not protect investors, take a good look at the Investment Company Act of 1940.

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Investment companies are regulated primarily under the Investment Company Act of 1940.

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