Hearings, Reports and Prints of the Senate Committee on Banking and CurrencyU.S. Government Printing Office, 1961 - Banking law |
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Page 61
... trading of any substantial block of such securities . This situation should be contrasted with the description in the Senate report on the 1940 act quoted above . In this report it is stated that the basic problems in the investment ...
... trading of any substantial block of such securities . This situation should be contrasted with the description in the Senate report on the 1940 act quoted above . In this report it is stated that the basic problems in the investment ...
Page 63
... trading activities of his partnership in maintaining a market for the stock of the SBIC . Under such an application of section 16 , a representative of an investment banking firm cannot serve on the board of directors of an SBIC if his ...
... trading activities of his partnership in maintaining a market for the stock of the SBIC . Under such an application of section 16 , a representative of an investment banking firm cannot serve on the board of directors of an SBIC if his ...
Page 64
... trading , pointing out that a significant portion of such trading does not involve short - swing speculation , but relates to the maintenance of adequate and liquid markets . The Commission also advised that the loss of such liquid ...
... trading , pointing out that a significant portion of such trading does not involve short - swing speculation , but relates to the maintenance of adequate and liquid markets . The Commission also advised that the loss of such liquid ...
Page 65
... trading in making the over - the - counter market in the stock of the SBIC , he has no choice other than to resign from the board or avoid making a market in the stock of the SBIC . If the investment banker resigns from the board , the ...
... trading in making the over - the - counter market in the stock of the SBIC , he has no choice other than to resign from the board or avoid making a market in the stock of the SBIC . If the investment banker resigns from the board , the ...
Page 74
... trading activities of invest- ment bankers to 5 percent . This 5 percent is similar to the provisions of the NASD , which govern activities of investment bankers , and we believe is a reasonable one . Also , another comment that he made ...
... trading activities of invest- ment bankers to 5 percent . This 5 percent is similar to the provisions of the NASD , which govern activities of investment bankers , and we believe is a reasonable one . Also , another comment that he made ...
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Common terms and phrases
86th Congress additional amount assets authority banker Banking and Currency believe bill borrow Business Investment Act business investment company capital and surplus Capital Corp CARY Chairman Congress corporation court debentures DEVORE directors enactment equity capital Exchange Commission exemption Federal financing funds Government HORNE insider trading interest intermediate bank investment banking investment banking firm Investment Company Act investment trusts investors issued legislation lending leverage licensed limited loans long-term ment company officers operating outstanding over-the-counter panies participate PATMAN percent present problem profit prohibits proposed provisions of section public offerings publicly held publicly owned SBIC's purchase purpose reasons registered regulation restricted stock options RUVELSON SALIK SBIA SBIC program SCRANTON section 16 section 30 Securities and Exchange Senator DOUGLAS Senator PROXMIRE Small Business Act Small Business Administration small business concerns small business investment statement stockholders subcommittee thereof tion trading transactions U.S. Senate VANIK
Popular passages
Page 7 - ... any failure to obey such order of the court may be punished by such court as a contempt thereof. All process in any such case may be served in the judicial district whereof such person is an inhabitant or wherever he may be found.
Page 23 - State" means any state, territory, or possession of the United States, the Commonwealth of Puerto Rico, and the District of Columbia.
Page 3 - ... having met, after full and free conference, have agreed to recommend and do recommend to their respective Houses as follows : That the...
Page 88 - ... necessary or appropriate in the public interest and consistent with the protection of investors and the purposes fairly intended by the policy and provisions of this title.
Page 116 - Every person who is directly or indirectly the beneficial owner of more than 10 per centum of any class of any equity security (other than an exempted security) which is registered on a national securities exchange, or who is a director or an officer of the issuer of such security...
Page 7 - Whenever in the judgment of the Commission any person has engaged or is about to engage in any acts or practices which constitute or will constitute a violation of any provision of this Act, or any regulation or order issued thereunder, it may make application to the appropriate court for an order enjoining such acts or practices...
Page 60 - The initial registration of such company on this form will be deemed to be filed under both the Securities Act of 1933 and the Investment Company Act of 1940 unless it is indicated that the filing is made only for the purpose of one of such acts.
Page 7 - The judgment and decree of the court affirming, modifying, or setting aside, in whole or in part, any such order of the...
Page 104 - Congress should have the benefit of advice from the Board of Governors of the Federal Reserve System, the Comptroller of the Currency ; and the Federal Deposit Insurance Corporation, particularly with regard to amount of increase.
Page 65 - Loans in which the Small Business Administration cooperates through agreements to participate on an immediate or deferred basis under the Small Business Act shall not be subject to the restrictions or limitations of this section imposed upon loans secured by real estate.