Role of Collective Investment Scheme under the Revised Korean CMA and Investor Protection from the Perspective of US Capital Market’s Laws

Even though the Korean government enacted the CMA which allowed CISC as well as collective investment scheme in the form of a limited partnership and of a limited liability company, expanding the type of investment companies in order to promote various types of invest companies, the collective investment scheme in the form of corporation is not active in the Korean Financial market. In the contrast, it has been largely spreaded to all over the U.S. and there are abundant research and study materials related to CISC. In that, this research is to analyze CISC in the United States, including in the international financial markets and its limitation on investor protection in order to suggest some betterment from the perspective of the related U.S. laws to the collective investment scheme in Korean financial market.