Regulating the Sale of Securities: Hearing Before Subcommittee 2 of the Committee on the District of Columbia, House of Representatives, Eighty-eighth Congress, First Session, on H.R. 4200, to Provide for the Regulation of the Business of Selling Securities in the District of Columbia and for the Licensing of Persons Engaged Therein, and for Other Purposes. May 2, 1963 |
From inside the book
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... Dealers , Inc .: Goodwin , A. Jackson , Jr. , chairman , Legislation Committee : Letter dated June 4 , 1963 , to Chairman McMillan .. Oulahan , Courts , Esq .: Letter dated May 1 , 1963 , to Chairman McMillan , and memorandum re ...
... Dealers , Inc .: Goodwin , A. Jackson , Jr. , chairman , Legislation Committee : Letter dated June 4 , 1963 , to Chairman McMillan .. Oulahan , Courts , Esq .: Letter dated May 1 , 1963 , to Chairman McMillan , and memorandum re ...
Page 1
... dealer who represents a broker - dealer or issuer in effecting or attempting to effect purchases or sales of ... dealers , or ( iii ) banks , savings institutions , trust companies , insurance companies , investment companies as ...
... dealer who represents a broker - dealer or issuer in effecting or attempting to effect purchases or sales of ... dealers , or ( iii ) banks , savings institutions , trust companies , insurance companies , investment companies as ...
Page 2
... dealer , whether the purchaser is acting for itself or in some fiduciary capacity : ( 5 ) any transaction pursuant to an offer directed by the offeror to not more than twenty - five persons in the District during any period of twelve ...
... dealer , whether the purchaser is acting for itself or in some fiduciary capacity : ( 5 ) any transaction pursuant to an offer directed by the offeror to not more than twenty - five persons in the District during any period of twelve ...
Page 4
... dealer or agent unless he is effectively licensed under this Act . ( b ) It shall be unlawful for any broker - dealer or issuer to employ an agent unless the agent is effectively licensed under this Act . The license of an agent shall ...
... dealer or agent unless he is effectively licensed under this Act . ( b ) It shall be unlawful for any broker - dealer or issuer to employ an agent unless the agent is effectively licensed under this Act . The license of an agent shall ...
Page 5
... dealers if the Commission determines that broker - dealers of that class- ( 1 ) are engaged in a limited phase of the securities business not involving the incurring of material financial obligations to the public ; and ( 2 ) a lesser ...
... dealers if the Commission determines that broker - dealers of that class- ( 1 ) are engaged in a limited phase of the securities business not involving the incurring of material financial obligations to the public ; and ( 2 ) a lesser ...
Common terms and phrases
ABERNETHY ACHESON actuarial administration amended amount Annuity Life Insurance annuity payments application Association of Securities authority BASTABLE Better Business Bureau bill blue sky law broker broker-dealers and agents CALVERT Chairman committee Congress definition District of Columbia dollars drafting EALIC effective employees equity Exchange Commission exempt Federal firms fixed-dollar annuities grantor guaranteed hearing insurance commissioners insurance companies insurance departments insurance law interest Investment Company Act investors issued issuer KEITH language legislation liability ment minimum capital mortality tables mutual funds mutual-fund shares NASD officers payable period person proceeding proposed protection Public Service Commission purchaser pursuant registration regulation regulatory reserves risk rule or order salesmen Securities and Exchange securities business Securities Dealers Securities Exchange SHAW specified SPRINGER statement statute Supreme Court surety bond term life insurance tion transactions U.S. attorney Uniform Act Uniform Securities Act United VALIC variable annuity contracts variable-annuity violation Washington
Popular passages
Page 14 - To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or...
Page 3 - When used in this title, unless the context otherwise requires — (1) the term "security" means any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, or, in...
Page 49 - If there are any questions, I will be glad to try to answer them. Mr. ABERNETHY. Thank you, Mr. Bryan. Mr. Springer? Mr. SPRINGER. Mr. Bryan; thank you very kindly. I have read the Commissioners' letter to the chairman and it is an excellent exposition, I think, of the necessity of this law.
Page 8 - Commission, on the ground that the testimony or evidence, documentary or otherwise, required of him may tend to incriminate him or subject him to a penalty or forfeiture...
Page 47 - 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.
Page 67 - ... did not know, and in the exercise of reasonable care could not have known, of such untruth or omission...
Page 3 - Any security exchanged by the issuer with its existing security holders exclusively where no commission or other remuneration is paid or given directly or indirectly for soliciting such exchange...
Page 47 - Commissioner or his successor in office to be his attorney to receive service of any lawful process in any non-criminal suit, action, or proceeding against him or his successor executor or administrator which arises under this Act or any rule or order hereunder after the consent has been filed, with the same force and validity as if served personally on the person filing the consent.
Page 10 - ... is filed in the case on or before the return day of the process, if any, or within such further time as the court allows.
Page 57 - I commend the Securities and Exchange Commission and the National Association of Securities Dealers, Inc...