UNITED STATES OF AMERICA

JUN 30 41

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C.

February 1941

JEROME N. FRANK, Chairman.

Took oath of office December 27, 1937, elected chairman May 18, 1939.

ROBERT E. HEALY, Commissioner.

Took oath of office July 2, 1934.

EDWARD C. EICHER, Commissioner.
Took oath of office December 2, 1938.

LEON HENDERSON, Commissioner.
Took oath of office May 18, 1939.

SUMNER T. PIKE,* Commissioner.
Took oath of office June 4, 1940.

FRANCIS P. BRASSOR, Secretary.

Took oath of office August 24, 1934.

GEORGE C. MATHEWS.

Took oath of office July 2, 1934, and resigned April 15, 1940.

*Commissioner Pike took his oath of office on June 4, 1940, and did not participate in the consideration or disposition of any of the cases in this volume.

5 S. E. C.

III

CONTENTS

Members of the Securities and Exchange Commission..

Table of decisions and reports citing sections of acts involved.

Decisions and Reports of the Commission..

Index-Digest:

Securities Act of 1933..

Securities Exchange Act of 1934..

Public Utility Holding Company Act of 1935-

5 S. E. C.

Page

III

VII

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1039

1046

1051

V