Unlisted Securities: Hearing Before the Committee on Interstate and Foreign Commerce, House of Representatives, Seventy-fourth Congress, Second Session, on S.4023, an Act to Provide for the Continuation of Trading in Unlisted Securities Upon National Securities Exchanges, for the Registration of Over-the-counter Brokers and Dealers, for the Filing of Current Information and Periodic Reports by Issuers, and for Other Purposes, May 6, 1936 |
From inside the book
Results 1-5 of 8
Page 8
... already worked to some degree . Certain se- curities which were traded in considerable volume on the unlisted side have since 1934 been listed . I cite , for example , Standard Oil of Indiana , which was a well - known stock on the ...
... already worked to some degree . Certain se- curities which were traded in considerable volume on the unlisted side have since 1934 been listed . I cite , for example , Standard Oil of Indiana , which was a well - known stock on the ...
Page 9
... already there as a conse- quence of registering the first security . The objection to the admittance of that security to an exchange arises from the fact that an exchange market may not be desirable for that security , not from the fact ...
... already there as a conse- quence of registering the first security . The objection to the admittance of that security to an exchange arises from the fact that an exchange market may not be desirable for that security , not from the fact ...
Page 12
... already established under the existing legislation . Section 17 of the Securities Act , as it stands , does not exempt from its provisions municipal securities . It makes it a crime under the Federal law to use the mails or ...
... already established under the existing legislation . Section 17 of the Securities Act , as it stands , does not exempt from its provisions municipal securities . It makes it a crime under the Federal law to use the mails or ...
Page 14
... already in the statute , and he should not be required to go to the administrative regulations of anybody in order to determine just what he can or cannot do . But , from the standpoint of the brokers and dealers , who are already ...
... already in the statute , and he should not be required to go to the administrative regulations of anybody in order to determine just what he can or cannot do . But , from the standpoint of the brokers and dealers , who are already ...
Page 19
... already out in the hands of the public . Mr. LANDIS . That is true . Mr. PETTENGILL . Is the municipality involved ? Mr. LANDIS . No ; the municipality is not involved . I do not think the municipality is involved anywhere in this ...
... already out in the hands of the public . Mr. LANDIS . That is true . Mr. PETTENGILL . Is the municipality involved ? Mr. LANDIS . No ; the municipality is not involved . I do not think the municipality is involved anywhere in this ...
Common terms and phrases
Act is amended amended by section American Bankers Association application for registration appropriate notice banks broker or dealer brokers and dealers CHAIRMAN commercial paper committee Comptroller Congress curity exchange market exempted security Federal Reserve System filed giving the Commission indirectly controlling interstate commerce ipal issuer jurisdiction LANDIS listed and registered listed on exchanges MAPES ment MERRITT misrepresentation municipal bonds municipal dealers municipal securities municipal-bond dealers national securities exchange necessary or appropriate notice and opportunity objection opportunity for hearing outstanding over-the-counter person directly PETTENGILL PEYSER prevent fraud protection of investors public interest purchase or sale question quotations or transactions REED registration pursuant registration shall become registration statement regulation thereunder rule or regulation rules and regulations sale of municipal section 15 Securities Act Securities Exchange Act situation standpoint suant subsection f telegram traded unlisted unlisted department unlisted securities unlisted trading privileges words York Curb Exchange
Popular passages
Page 3 - ... acceptances, or commercial bills) otherwise than on a national securities exchange, in contravention of such rules and regulations as the Commission may prescribe...
Page 4 - System, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.
Page 3 - Act of 1933, as amended, shall file with the Commission, in accordance with such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors, such supplementary and periodic information, documents, and reports as may be required...
Page 2 - ... any partner, officer, director, or branch manager of such broker or dealer (or any person occupying a similar status or performing similar functions), or any person directly or indirectly controlling or controlled by such broker or dealer...
Page 1 - System shall, by such rules and regulations as it may deem necessary or appropriate in the public interest or for the protection of investors, exempt, either unconditionally or upon specified terms and conditions or for stated periods, from the operation of this subsection and the rules and regulations thereunder.
Page 2 - ... or any rule or regulation thereunder or any undertaking contained in a registration statement as provided in subsection (d) of Section 15 of this title, which statement was at the time and in the light of the circumstances under which it was made false or misleading with respect to any material fact...
Page 2 - No broker or dealer shall make use of the mails or of any means or Instrumentality of interstate commerce to effect any transaction In, or to Induce the purchase or sale of, any security (other than commercial paper, bankers...
Page 4 - States the sum of $100 for each and every day of the continuance of such failure, which forfeiture shall be payable into the Treasury of the United States, and shall be recoverable in a civil suit in the name of the United States...
Page 3 - Any registered broker or dealer may, upon such terms and conditions as the Commission may deem necessary in the public interest or for the protection of investors, withdraw from registration by filing a written notice of withdrawal with the Commission.
Page 4 - ... shall forfeit to the United States the sum of $100 for each and every day of the continuance of such failure, which forfeiture shall be payable into the Treasury of the United States...