For sale by the Superintendent of Documents, U. S. Government Printing Office

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A34
V.27

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON 25, D. C.

JAMES J. CAFFREY, Chairman.'

Took oath of office May 2, 1945, elected chairman July 23, 1946.

ROBERT K. MCCONNAUGHEY, Commissioner.

Took oath of office December 29, 1948.

RICHARD B. MCENTIRE, Commissioner.
Took oath of office June 4, 1946.

EDMOND M. HANRAHAN, Commissioner.
Took oath of office July 22, 1946.

HARRY A. McDONALD, Commissioner.

Took oath of office March 26, 1947.

ORVAL L. DUBOIS, Secretary.

1 Chairman Caffrey took his oath of office May 2, 1945, and resigned December 31, 1947.

27 S. E. C.

DEPORTED BY THE
UNITED STATES OF AMERICA

10.21.53

CONTENTS

Page

Members of the Securities and Exchange Commission.......

Table of Decisions and Reports citing Sections of Acts

involved

Decisions and Reports of the Commission.

II

V

1

• During the period covered by this volume there were no opinions containing case headnotes

under this Act.

27 S. E. C.

III

1 Section numbers in italic type, if any, refer to the Trust Indenture Act of 1939, title III of Securities

Act of 1933.

1 Section numbers in italic type, if any, refer to the Investment Advisers Act of 1940.