Proposed Amendments to the Securities Act of 1933 and to the Securities Exchange Act of 1934, Volume 5U.S. Government Printing Office, 1942 - Securities |
From inside the book
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Page 1317
... DEALERS Specialists and floor traders , who have no customers to be protected , are compelled to be fully margined throughout the day under the so - called daylight rule , even though they may have no open commitments at the end of the ...
... DEALERS Specialists and floor traders , who have no customers to be protected , are compelled to be fully margined throughout the day under the so - called daylight rule , even though they may have no open commitments at the end of the ...
Page 1319
... dealer to extend credit on a security in which he has participated in the distribution four days after he has completed his portion of the distribution and terminated his participation in the selling syndicate . This compares with a pre ...
... dealer to extend credit on a security in which he has participated in the distribution four days after he has completed his portion of the distribution and terminated his participation in the selling syndicate . This compares with a pre ...
Page 1321
... dealers . We refer in this respect to the proposals to amend sections 8 , 14 , and 16 ( a ) of the act . This ... dealer and the unlisted security . It is the position of the San Francisco Stock Exchange that this approach to the problem ...
... dealers . We refer in this respect to the proposals to amend sections 8 , 14 , and 16 ( a ) of the act . This ... dealer and the unlisted security . It is the position of the San Francisco Stock Exchange that this approach to the problem ...
Page 1322
... dealers . The obvious purpose of this was to stimulate interest among such persons in the maintenance and development of the San Francisco Stock Exchange market . The preferential commission rate was ex- tended only under proper ...
... dealers . The obvious purpose of this was to stimulate interest among such persons in the maintenance and development of the San Francisco Stock Exchange market . The preferential commission rate was ex- tended only under proper ...
Page 1323
... dealer and is controlled by any such member , and includes any partner , officer , or director of any such person . Or ... dealers or of the over - the - counter brokers . Rather the explanation would seem to lie in the conception of the ...
... dealer and is controlled by any such member , and includes any partner , officer , or director of any such person . Or ... dealers or of the over - the - counter brokers . Rather the explanation would seem to lie in the conception of the ...
Common terms and phrases
A. P. Giannini administrative America California America N. T. America National Trust application Bank of America BOREN buying CHAIRMAN Chicago Stock Exchange Commission's committee common stock Congress court dealers December directors effect Exchange Commission exemption fact Federal filed Francisco Stock Exchange Gas & Electric Holding Company Act industry investors issuer issues January January 12 listed Louisville Gas matter McGRANERY ment November 22 offering officers opinion Order for Hearing over-the-counter percent person present president proceeding proposed amendments prospectus provisions Public Utility Holding Purcell purchase purpose reasonable record regional exchanges registration statement representatives requirements rules and regulations San Francisco Stock Savings Association section 16 Securities Act Securities and Exchange Securities Exchange Act selling shares SMITH sold speculation staff statute stockholders subsidiaries Timetrust tion trading transactions Transamerica Corporation TWOMBLY underwriter Utility Holding Company Wadsworth York Curb Exchange York Stock Exchange YOUNGDAHL
Popular passages
Page 1405 - Commission and to be adduced upon the hearing in such manner and upon such terms and conditions as to the court may seem proper. The Commission may modify its findings as to the facts, or make new findings, by reason of the additional evidence so taken...
Page 1510 - ... under common control with, the person specified. (b) Control. The term "control" (including the terms "controlling", "controlled by" and "under common control with") means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract...
Page 1543 - Commission shall have reason to believe that any such person, partnership, or corporation has been or is using any unfair method of competition or unfair or deceptive act or practice in commerce, and if it shall appear to the Commission that a proceeding by it in respect thereof would be to the interest of the public...
Page 1445 - ... of the value of securities and thus prevent a fair calculation of taxes owing to the United States and to the several States by owners, buyers, and sellers of securities, and (c) prevent the fair valuation of collateral for bank loans and/or obstruct the effective operation of the national banking system and Federal Reserve System. (4) National emergencies, which produce widespread unemployment and the dislocation of trade, transportation, and industry, and which burden interstate commerce and...
Page 1406 - Any person who (1) offers or sells a security in violation of section 5, or (2) offers or sells a security (whether or not exempted by the provisions of section 3, other than paragraph (2) of subsection (a) thereof), by the use of any means or instruments of transportation or communication in interstate commerce or of the mails...
Page 1406 - ... 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 1399 - Commission is responsible for the administration and enforcement of the Securities Act of 1933, the Securities Exchange Act of 1934, the Public Utility Holding Company Act of 1935, the Trust Indenture Act of 1939, the Investment Company Act of 1940, and the Investment Advisers Act of 1940.
Page 1411 - A security registered with a national securities exchange may be withdrawn or stricken from listing and registration in accordance with the rules of the exchange and, upon such terms as the Commission may deem necessary to impose for the protection of investors...
Page 1408 - ... Securities Exchange Act of 1934." NECESSITY FOR REGULATION AS PROVIDED IN THIS TITLE SEC. 2. For the reasons hereinafter enumerated, transactions in securities as commonly conducted upon securities exchanges and over-the-counter markets are affected with a national public interest which makes it necessary to provide for regulation and control of such transactions and of practices and matters related thereto...
Page 1508 - For the purpose of any such investigation, or any other proceeding under this title, any member of the 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.