DEPOSITED BY THE

UNITED STATES OF AMERICA

APR 29 '48

TABLE OF CONTENTS

Public, No. 22-73d Cong., Approved May 26, 1933

AN ACT

To provide full and fair disclosure of the character of securities sold in interstate and foreign commerce and

through the mails, and to prevent frauds in the sale thereof, and for other purposes.

8. Exempted Securities.

(a) (1) Offerings prior to or within 60 days after enactment of this

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Insurance or endowment policies..

(Additional subsections added in Title II of Public, No.

291-73d Cong., see p. 52.)

(b) Power of Commission to exempt additional classes of securities_

4. Exempted transactions..

(1) Transactions by persons other than an issuer or dealer... 4, 53

(2) Brokers' transactions__

(3) Exclusive exchange of securities with existing security

holders...

5. Prohibitions Relating to Interstate Commerce and the Mails__

(a) Restriction prior to registration___.

(b) Restriction on transmission of prospectus-

(c) Inapplicability of Section to securities sold in a single State

or Territory

6. Registration of Securities and Signing of Registration Statement..

(a) Filing and signing..

(b) Filing fee_ _ _

(c) Actual time of filing and form of payment required...

(d) Publicity of information filed and its availability for purchase_.

7. Information Required in Registration Statement--

Section

8. Taking Effect of Registration Statements and Amendments thereto..

(a) Effective date of statements....

(b) Refusal orders____

(c) Effective date of post-effective amendments_

(d) Stop order and basis for issuance.

(e) Examinations to determine whether stop order should issue

under subsection (d).

(f) Notices...

9. Court Review of Orders__.

(a) Persons entitled to obtain review.

(b) Effect of proceedings under subsection (a).

10. Information Required in Prospectus.--

(a) Similarity to registration statement.

(b) When necessary to revise prospectus---

(c) Manner of presentation of information_

(d) Prospectus consisting of radio broadcast..

11. Civil Liabilities on Account of False Registration Statement....

(a) Persons against whom suits may be brought_

(b) Burden of proof..........

(c) Reasonable investigation and reasonable ground for belief_.

(d) Liability of underwriter becoming such after registration__.

(e) Nature of suit__.

(f) Joint and several liability.

(g) Amount recoverable__.

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12. Civil Liabilities Arising in Connection with Prospectus and Communi-

cations..

13. Limitation of Actions_

14. Contrary Stipulations Void_

15. Liability of Controlling Persons..

16. Additional Remedies..

17. Fraudulent Interstate Transactions.

18. State Control of Securities _ _

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19. Special Powers of Commission__

(a) Rules, regulations and forms_

(b) Subpena power-.

20. Injunctions and Prosecution of Offenses_

(a) Filing statement-investigations,

(b) Injunctions-criminal proceedings.

(c) Mandamus writs___

21. Hearings by Commission_

22. Jurisdiction of Offenses and Suits.

(a) Courts having jurisdiction.

(b) Contumacy or refusal to obey subpena....

(c) Privilege against self-incrimination_.

23. Unlawful Representations__

24. Penalties_-_-

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25. Jurisdiction of Other Government Agencies Over Securities..

26. Separability of Provisions___

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Schedule A

Relating to security issues other than those of a foreign government

or political subdivision thereof___

Schedule B

Securities of a borrowing government or subdivision thereof_----

TITLE II. CORPORATION OF FOREIGN BONDHOLDERS ACT, 1933
Approved May 27, 1933, Effective upon Proclamation of President

201. Creation of "Corporation of Foreign Security Holders".

202. Management Vested in Six Directors__