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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Page 3
... respect to certificates of deposit , voting - trust certificates , or collateral - trust certificates , or with respect to certificates of interest or shares in an unincorporated investment trust not having a board of directors or ...
... respect to certificates of deposit , voting - trust certificates , or collateral - trust certificates , or with respect to certificates of interest or shares in an unincorporated investment trust not having a board of directors or ...
Page 6
... respect or contained any statement which was , in light of the circumstances under which it was made , false or misleading with respect to any material fact : ( 2 ) has willfully violated or willfully failed to comply with any provision ...
... respect or contained any statement which was , in light of the circumstances under which it was made , false or misleading with respect to any material fact : ( 2 ) has willfully violated or willfully failed to comply with any provision ...
Page 8
... respect , shall upon conviction be fined not more than $ 5,000 or imprisoned not more than three years , or both . ( b ) Any person who shall willfully violate section 3 of this Act shall upon conviction be fined not more than $ 5,000 ...
... respect , shall upon conviction be fined not more than $ 5,000 or imprisoned not more than three years , or both . ( b ) Any person who shall willfully violate section 3 of this Act shall upon conviction be fined not more than $ 5,000 ...
Page 15
... respects . This would allow the Public Serv- ice Commission time to organize and process applications prior to the deadline for licensed operation . Title II This changes the Public Utilities Commission of the District of Columbia to ...
... respects . This would allow the Public Serv- ice Commission time to organize and process applications prior to the deadline for licensed operation . Title II This changes the Public Utilities Commission of the District of Columbia to ...
Page 16
... respecting the volume of law enforce- ment proceedings in the securities field in the District of Columbia and measures the degree of lawlessness in the securities field here Mr. ABERNETHY . Let me make a suggestion . Would you like to ...
... respecting the volume of law enforce- ment proceedings in the securities field in the District of Columbia and measures the degree of lawlessness in the securities field here Mr. ABERNETHY . Let me make a suggestion . Would you like to ...
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...