Trust Indentures: Hearings Before a Subcommittee of the Committee on Interstate and Foreign Commerce, House of Representatives, Seventy-fifth Congress, Third Session, on H.F. 10292, to Provide for the Regulation of the Sale of Certain Securities in Interstate and Foreign Commerce and Through the Mails, and Regulation of the Trust Indentures Under which the Same are Issued, and for Other Purposes. April 25, 1938 |
From inside the book
Results 1-5 of 26
Page 19
... want to be sure . difference between an underwriter and an ordinary broker is that the underwriter simply is an agent of the originating company ? I mean that he does not have any investment in the securities TRUST INDENTURES 19.
... want to be sure . difference between an underwriter and an ordinary broker is that the underwriter simply is an agent of the originating company ? I mean that he does not have any investment in the securities TRUST INDENTURES 19.
Page 20
... investment in the securities whatever . Is that right ? Commissioner DOUGLAS . He usually does not . He may , but that would be wholly incidental . He usually makes a commitment with the issuer to sell or to dispose of the particular ...
... investment in the securities whatever . Is that right ? Commissioner DOUGLAS . He usually does not . He may , but that would be wholly incidental . He usually makes a commitment with the issuer to sell or to dispose of the particular ...
Page 21
... investment bankers now have practically complete control over bondholders ' lists . ( See pt . I , pp . 436–446 . ) The indenture trustee frequently has no list at all , or only an incomplete one , and even if it has a list , it is very ...
... investment bankers now have practically complete control over bondholders ' lists . ( See pt . I , pp . 436–446 . ) The indenture trustee frequently has no list at all , or only an incomplete one , and even if it has a list , it is very ...
Page 22
... investment merits of particular securities . That is not the theory of it . Nor does this bill give the Commission any power with respect to the enforcement of the provisions in these indentures . Under this bill , if it were the law ...
... investment merits of particular securities . That is not the theory of it . Nor does this bill give the Commission any power with respect to the enforcement of the provisions in these indentures . Under this bill , if it were the law ...
Page 24
... investments are put out by these holding - company systems rather than securities that have little or nothing back of them . That is to say , the theory was and is that our economic welfare is dependent upon the pumping of private ...
... investments are put out by these holding - company systems rather than securities that have little or nothing back of them . That is to say , the theory was and is that our economic welfare is dependent upon the pumping of private ...
Common terms and phrases
act as trustee action AMBERG amendment American Bankers Association application bankruptcy Barkley bill bondholders bonds BOREN borrower BUTTENWIESER capital markets CARROLL REECE centum certificates of interest Chairman clause collateral Commissioner DOUGLAS committee conflicting interest Congress contain provisions contract corporate trustee creditor debentures disclosure duties effect EICHER enforcement Exchange Commission exempted Federal Reserve System filed HAUSSERMANN HELFFRICH inden indenture security holders indenture trustee interest of investors interest or participation investment banker issuer legislation liability mortgage negative pledge negligence obligation obligor paragraph person practical proposed prospective trustee protection of investors public interest pursuant qualified shall contain RALPH CRANE reason registration statement release and substitution respect rules and regulations Securities Act Securities and Exchange securities issued Senate situation standards statute thereof thereunder tion trust indentures trust institutions Trustees Under Indentures ture underwriter VIRGIL CHAPMAN voting securities
Popular passages
Page 14 - If any provision of this Act or the application of such provision to any person or circumstance shall be held invalid, the remainder of the Act and the application of such provision to persons or circumstances other than those as to which it is held invalid shall not be affected thereby.
Page 3 - If it appears to the Commission at any time that the registration statement includes any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading...
Page 11 - 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 12 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation...
Page 3 - The Information contained In or filed with any registration statement shall be made available to the public under such regulations as the Commission may prescribe...
Page 13 - ... (b) The rights and remedies provided by this Act shall be in addition to any and all other rights and remedies that may exist under the Securities Act of 1933, or the Securities Exchange Act of 1934, or the Public Utility Holding Company Act of 1935...
Page 2 - SECTION 5 (a) Unless a registration statement is in effect as to a security, it shall be unlawful for any person, directly or indirectly (1) to make use of any means or instruments of transportation or communication in interstate commerce or of the mails to...
Page 12 - Commission deems relevant or material to the inquiry. Such attendance of witnesses and the production of any such records may be required from any place in the United States or any State at any designated place of hearing.
Page 11 - ... (b) Subject to the provisions of the Federal Register Act and regulations prescribed under the authority thereof the rules and regulations of the Commission under this title shall be effective upon publication in the manner which the Commission shall prescribe, or upon such later date as may be provided in such rules and regulations.