District of Columbia Securities Act: Hearings Before the Subcommittee on the Judiciary of the Committee on the District of Columbia, United States Senate, Eighty-eighth Congress, Second Session, on S. 1001 (H.R. 9419), Bills to Provide for the Regulation of the Business of Selling Securities in the District of Columbia, and for the Licensing of Persons Engaged Therein, and for Other Purposes, March 5, 19, and April 29, 1964Considers legislation to regulate securities sales in D.C. and to subject variable annuities to both securities and insurance sales regulation. |
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Page 4
... matters as the Commission may by rule prescribe as being necessary or appropriate in the public interest or for the protection of investors . The Commission may by rule or order require an applicant for an initial license to publish an ...
... matters as the Commission may by rule prescribe as being necessary or appropriate in the public interest or for the protection of investors . The Commission may by rule or order require an applicant for an initial license to publish an ...
Page 7
... matter will be set down for hearing . If no hearing is requested and none is ordered by the Commission , the order will remain in effect until it is modified or vacated by the Commission . If hearing is requested or ordered , the Com ...
... matter will be set down for hearing . If no hearing is requested and none is ordered by the Commission , the order will remain in effect until it is modified or vacated by the Commission . If hearing is requested or ordered , the Com ...
Page 8
... matter under investigation or in question ; and any failure to obey such order of the court may be punished by such court as a contempt thereof . ( d ) No person shall be excused from attending and testifying or from pro- ducing any ...
... matter under investigation or in question ; and any failure to obey such order of the court may be punished by such court as a contempt thereof . ( d ) No person shall be excused from attending and testifying or from pro- ducing any ...
Page 11
... matters within its jurisdiction and may prescribe different requirements for different classes . ( g ) No rule , form , or order may be made , amended , or rescinded , unless the Commission finds that the action is necessary or ...
... matters within its jurisdiction and may prescribe different requirements for different classes . ( g ) No rule , form , or order may be made , amended , or rescinded , unless the Commission finds that the action is necessary or ...
Page 15
... associa- tion within the ten years preceding the date of application ; ( 6 ) the applicant's financial condition and history ; and ( 7 ) such other matters as the Commission may DISTRICT OF COLUMBIA SECURITIES ACT 15.
... associa- tion within the ten years preceding the date of application ; ( 6 ) the applicant's financial condition and history ; and ( 7 ) such other matters as the Commission may DISTRICT OF COLUMBIA SECURITIES ACT 15.
Common terms and phrases
ACHESON amended Annuity Life Insurance Association of Securities Better Business Bureau bill bond broker-dealer or agent brokers CARY certificate Chairman Columbia Securities Act committee CONGLETON CONGRESS THE LIBRARY D.C. Code definition of security District of Columbia dual regulation effective Exchange Commission exclude variable annuities exempt filed GILBERTSON hearing House Insurance Act insurance company Investment Company Act issued issuer jurisdiction legislation LOOMIS mutual fund NASD offer problem proposed provisions Prudential public interest Public Service Commission Public Utilities Commission purchase pursuant question regulatory require rule or order sale of variable Securities and Exchange securities business Securities Dealers securities law sellers selling securities selling variable annuities Senator DOMINICK Senator HARTKE service of process specifically statement statute subcommittee Superintendent of Insurance Supreme Court surety bond suspension tion transaction U.S. attorney U.S. Senate Uniform Act Uniform Securities Act VALIC VANCE HARTKE variable annuity contracts violation Washington
Popular passages
Page 83 - ... security" or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.
Page 76 - To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading...
Page 20 - ... by means of a prospectus or oral communication, which includes an untrue statement of a material fact or omits to state a material fact necessary in order to make the statements, in the light of the circumstances under which they were made, not misleading (the purchaser not knowing of such untruth or omission...
Page 3 - When used in this title, unless the context otherwise requires — (1) the term "security" means any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, or, in...
Page 8 - Commission, 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 57 - Commission or any officer designated by it is empowered to administer oaths and affirmations, subpena witnesses, compel their attendance, take evidence, and require the production of any books, papers, correspondence, memoranda, or other records which the Commission deems relevant or material to the inquiry.
Page 70 - No policy of group insurance shall be issued or delivered in this state unless and until a copy of the form thereof has been filed with the commissioner of insurance and approved by him; nor shall such policy be so issued or delivered unless it contains in substance the following provisions.
Page 3 - Any security exchanged by the issuer with its existing security holders exclusively where no commission or other remuneration is paid or given directly or indirectly for soliciting such exchange...
Page 19 - The Commission may, in its discretion, make such investigations as it deems necessary to determine whether any person has violated or is about to violate...
Page 57 - Commissioner or his successor in office to be his attorney to receive service of any lawful process in any non-criminal suit, action, or proceeding against him or his successor executor or administrator which arises under this Act or any rule or order hereunder after the consent has been filed, with the same force and validity as if served personally on the person filing the consent.