Regulation of Sale of Securities: Hearing[s] Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Seventy-fifth Congress, First Session, on S. 2344, a Bill to Provide for the Regulation of the Sale of Certain Securities in Interstate and Foreign Commerce, and the Trust Indentures Under which the Same are Issued, and for Other Purposes. June 9, 15, 22, and 29, 1937 |
From inside the book
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Page 1
... respect to the financial condition of the obligor and its performance of its obligations with respect to such securities , and the enforcement of such obligations , is impeded through the failure to provide a trustee to protect and ...
... respect to the financial condition of the obligor and its performance of its obligations with respect to such securities , and the enforcement of such obligations , is impeded through the failure to provide a trustee to protect and ...
Page 2
... respect to such securities ; or when the communication of such information to such investors , and concerted action by such investors in connection with the enforcement of the obligations of the obligor and the trustee , is impeded by ...
... respect to such securities ; or when the communication of such information to such investors , and concerted action by such investors in connection with the enforcement of the obligations of the obligor and the trustee , is impeded by ...
Page 3
... respect to any person whether incorporated or unincorporated . ( 5 ) The term " executive officer " means the president , every vice president , the cashier , secretary , treasurer , and trust officer and any person customarily per ...
... respect to any person whether incorporated or unincorporated . ( 5 ) The term " executive officer " means the president , every vice president , the cashier , secretary , treasurer , and trust officer and any person customarily per ...
Page 4
... respect to such securities is not necessary in the public interest and for the protection of investors by reason of the small amount involved and the small amount of securities outstanding and thereafter issuable under the same ...
... respect to such securities is not necessary in the public interest and for the protection of investors by reason of the small amount involved and the small amount of securities outstanding and thereafter issuable under the same ...
Page 8
... respect of principal or interest , effected after the begin- ning of such four months ' period and valid as against the obligor and its other creditors , except any such reduction resulting from the receipt or disposition of any ...
... respect of principal or interest , effected after the begin- ning of such four months ' period and valid as against the obligor and its other creditors , except any such reduction resulting from the receipt or disposition of any ...
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Common terms and phrases
act as trustee action adequate Alben W amendment American Bankers Association application bank Bankers Barkley bill bondholders bonds BUTTENWIESER CANRIGHT centum CHAIRMAN clause collateral Commission deems Commissioner DOUGLAS committee print conflict of interest conflicting interest corporate trustees court creditor debenture director duties enforcement Exchange Commission exemption exercise Federal Reserve System filed inden indenture security holders indenture trustee interest or participation interests of investors investment issuer legislation liability loans mortgage necessary or appropriate negative pledge negligence obligations obligor paragraph paying agent payment permitted person POSNER prescribe prior to default prospective trustee protection of investors public interest qualified shall contain reasonable reorganization Report respect responsible rules and regulations Securities Act Securities and Exchange securities issued Senator BARKLEY Senator HUGHES Senator TOWNSEND situation statement subsection substitution term thereof thereunder tion trust companies trust indenture trustee's trusteeship underwriter UNTERMYER voting securities
Popular passages
Page 86 - Act of 1933. (b) The Treasury Department, the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Reserve Banks, and the Federal Deposit Insurance Corporation...
Page 13 - 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 14 - Commission under authority thereof, or any person who willfully, in a registration statement filed under this title, makes 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, shall upon conviction be fined not more than $10,000 or imprisoned not more than five years, or both.
Page 11 - Such information, in such detail, as to the issuer and any person directly or indirectly controlling or controlled by, or under direct or indirect common control with...
Page 209 - 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 5 - 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 197 - underwriter" means any person who has purchased from an issuer with a view to, or offers or sells for an issuer in connection with, the distribution of any security, or participates or has a direct or indirect participation in any such undertaking, or participates or has a participation in the direct or indirect underwriting of any such undertaking...
Page 200 - 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 15 - 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 4 - The Commission may from time to time by its rules and regulations and subject to such terms and conditions as may be prescribed therein...