Investment Trusts and Investment Companies: Hearings Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Seventy-sixth Congress, Third Session, on S. 3580, a Bill to Provide for the Registration and Regulation of Investment Companies and Investment Advisers, and for Other Purposes. April 2, 3, 4, 5, 8, 9, and 10, 1940, Part 3 |
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Page 3
... person substantially all of whose gross income from securities and securities transactions is derived from acting as broker and from the distribution of securities issued by other persons . ( 3 ) Any bank or insurance company ; any ...
... person substantially all of whose gross income from securities and securities transactions is derived from acting as broker and from the distribution of securities issued by other persons . ( 3 ) Any bank or insurance company ; any ...
Page 5
... person , security , or transaction , or any class or classes of persons , securities , or trans- actions , from any provision or provisions of this title or of any rule or regulation thereunder , if and to the extent that the Commission ...
... person , security , or transaction , or any class or classes of persons , securities , or trans- actions , from any provision or provisions of this title or of any rule or regulation thereunder , if and to the extent that the Commission ...
Page 7
... person , unless registered under this section , to serve or act in any of the following capacities for a period ... person whose registration under this section is required solely because such person is an investment adviser for a ...
... person , unless registered under this section , to serve or act in any of the following capacities for a period ... person whose registration under this section is required solely because such person is an investment adviser for a ...
Page 8
... person who is an investment banker , a broker , or an affiliated person of an investment banker or broker , if such person is a director , officer , or manager of an investment company which is not in the same investment company system ...
... person who is an investment banker , a broker , or an affiliated person of an investment banker or broker , if such person is a director , officer , or manager of an investment company which is not in the same investment company system ...
Page 9
... person , unless- ( 1 ) in acquiring such security such registered company is itself acting as a principal ... person , or any company of which such person was then an affiliated person , has been a promoter of another invest- ment ...
... person , unless- ( 1 ) in acquiring such security such registered company is itself acting as a principal ... person , or any company of which such person was then an affiliated person , has been a promoter of another invest- ment ...
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Common terms and phrases
abuses affiliated person amount asset value bank believe bill board of directors bonds broker Byllesby capital certificate clients committee common stock contract dividends effect Exchange Commission existing face-amount certificate company fact firm Founders funds Goldman Sachs hearings holding company industry interest investment adviser investment banker investment counsel investment trust issue issuer Judge Healy legislation Massachusetts Investors Trust matter ment company officers open-end companies operation organized outstanding panies percent portfolio practice preferred stock present problem profits prohibition provision purchase question registered investment company rules and regulations SCHENKER Securities Act Securities and Exchange security holders sell Senator HUGHES Senator TAFT Senator WAGNER chairman senior securities shareholders shares situation sold Standard stockholders subcommittee thing tion transactions underwriting unit investment trust voting trust York Stock Exchange
Popular passages
Page 24 - Hearings may be public and may be held before the Commission, any member or members thereof, or any officer or officers of the Commission designated by it, and appropriate records thereof shall be kept.
Page 24 - 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 32 - ... (2) to obtain money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in...
Page 643 - director " means any director of a corporation or any person performing similar functions with respect to any organization, whether incorporated or unincorporated.
Page 109 - ... as to make it necessary or appropriate in the public interest or for the protection of investors or consumers that the applicant be subject to the obligations, duties, and liabilities imposed in this title upon subsidiary companies of holding companies.
Page 109 - Public-utility company" means an electric utility company or a gas utility company. (6) "Commission" means the Securities and Exchange Commission. (7) "Holding company" means— (A) any company which directly or indirectly owns, controls, or holds with power to vote...
Page 31 - ... (1) any person who within ten years has been convicted of any felony or misdemeanor involving the purchase or sale of any security or arising out of such person's conduct as an underwriter, broker, dealer, or investment adviser...
Page 25 - ... and 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 25 - Commissioner, on the ground that the testimony or evidence (documentary or otherwise) required of him may tend to incriminate him or subject him to a penalty or forfeiture...
Page 244 - No provision of this title imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule, regulation, or...