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FS Credit Opportunities Corp. v. Saba Capital Master Fund, Ltd. · ¶49

In 1940, Congress made a post-Great Depression push to “eliminate certain abuses in the securities industry.” SEC v. Capital Gains Research Bureau, Inc., 375 U. S. 180, 186 (1963). As part of this effort, it simultaneously enacted the Investment Company Act (ICA) and the Investment Advisers Act (IAA).
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