Securities Investor Protection, Hearings Before the Subcommittee on Commerce and Finance ... H.R. 18109, and H.R. 18458, June 4, 5, 15, 16, 17; July 7, 8, 9, 10, and 15, 19701970 - 404 pages |
Common terms and phrases
amount appointed assessment bank Bankruptcy Act Board of Directors Board of Governors borrowing broker or dealer broker or insured broker-dealer insurance brokers and dealers bylaws capital cash Chairman Budge claims committee court customer accounts debtor DENUNZIO determine ECKHARDT enactment examining authority Exchange Commission exempt fees filed FOCHT gross revenues Hamer H HARVEY insured broker insured dealer investment June 16 KEITH legislation liability line of credit liquidation MACLAURY member firms ment million Moss mutual funds NASD national securities exchange NYSE obligations payment percent POLLACK proposal public interest purposes pursuant to paragraph pursuant to subsection question RABEN registered REINISCH respect Richard Ney risks rule or regulation Secretary section 15 Securities and Exchange securities business securities industry self-regulatory organization sell short selling SIPC specialists specifically statement STUCKEY subordinated loan task force thereof tion transactions Treasury trust fund trustee Wall Street York Stock Exchange
Popular passages
Page 30 - Treasury is authorized and directed to purchase any notes and other obligations issued hereunder and for that purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 312 - ... is authorized to use as a public debt transaction the proceeds from the sale of any securities issued, under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 30 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 16 - ... forfeiture ; but no individual shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he is compelled, after having claimed his privilege against self-incrimination, to testify or produce evidence, except that such individual so testifying shall not be exempt from prosecution and punishment for perjury committed in so testifying.
Page 22 - The representatives of the General Accounting Office shall have access to all books, accounts, financial records, reports, files, and all other papers, things, or property belonging to or in use by the District and necessary to facilitate the audit, and they shall be afforded full facilities for verifying transactions with the balances or securities held by depositories, fiscal agents, and custodians.
Page 23 - ... such comments and information as may be deemed necessary to inform Congress of the financial operations and condition of the Corporation, together with such recommendations with respect thereto as the Comptroller General may deem advisable. The report shall also show specifically any program, expenditure, or other financial transaction or undertaking observed in the course of the audit, which, in the opinion of the Comptroller General, has been carried on or made without authority of law.
Page 197 - Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding marketable obligations of the United States of comparable maturities during the months preceding the issuance of the notes or other obligations.
Page 353 - The accounts of the Corporation shall be audited annually in accordance with generally accepted auditing standards by independent certified public accountants or independent licensed public accountants certified or licensed by a regulatory authority of a State or other political subdivision of the United States.
Page 21 - ... income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority; except that any real property of the corporation shall be subject to State, Territorial, county, municipal, or local taxation to the same extent according to its value as other real property is taxed.
Page 5 - Seventh. To exercise by its board of directors, or duly authorized officers or agents, all powers specifically granted by the provisions of this Act and such incidental powers as shall be necessary to carry on the business of banking within the limitations prescribed by this Act.