Decisions and Reports, Volume 11U.S. Government Printing Office, 1945 - Securities |
From inside the book
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Page 59
... Trading and Ex- change Division of the Commission . Francis Adams Truslow , for the New York Curb Exchange . OPINION OF THE COMMISSION This proceeding originally arose upon the application of the New York Curb Exchange ( hereinafter ...
... Trading and Ex- change Division of the Commission . Francis Adams Truslow , for the New York Curb Exchange . OPINION OF THE COMMISSION This proceeding originally arose upon the application of the New York Curb Exchange ( hereinafter ...
Page 60
... Trading and Exchange Division . Counsel for the exchange , recognizing that there were only one and a half busi- ness days between the date of the argument and the stockholders ' vote , after which the case would become moot , stated ...
... Trading and Exchange Division . Counsel for the exchange , recognizing that there were only one and a half busi- ness days between the date of the argument and the stockholders ' vote , after which the case would become moot , stated ...
Page 61
... trading rules . I Counsel for the staff have raised a question as to whether the statute itself precludes registration of an unissued security whose issuance has not been finally authorized by all groups whose au- thorization is ...
... trading rules . I Counsel for the staff have raised a question as to whether the statute itself precludes registration of an unissued security whose issuance has not been finally authorized by all groups whose au- thorization is ...
Page 62
... trading in unissued securities on national securities ndesirable and should not be permitted . But testi- bearings or other considerations apparently convinced of the bills that trading in unissued securities on exchanges should not be ...
... trading in unissued securities on national securities ndesirable and should not be permitted . But testi- bearings or other considerations apparently convinced of the bills that trading in unissued securities on exchanges should not be ...
Page 64
... trading on a " when , as , and if issued " basis is permitted subject to regulations of the Commission in cases where the registration is not primarily designed to distribute the security to investors other than the present security ...
... trading on a " when , as , and if issued " basis is permitted subject to regulations of the Commission in cases where the registration is not primarily designed to distribute the security to investors other than the present security ...
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Common terms and phrases
acquisition appropriate approval assets balance sheet Boston Stock Exchange capital surplus carrying value cash Columbia Gas Commission common stock Commonwealth consolidated dealer debentures December 31 depreciation reserve Detroit Stock Exchange dividends earned surplus Electric Company exemption filed FINDINGS AND OPINION Gas and Electric Gas Company held Holding Company Act holding company system Illinois Iowa income issuance issue Light & Power Light Company North American operating outstanding pany par value payment percent Philadelphia Stock Exchange Power and Light Power Company preferred stock principal amount proceeding properties proposed public interest Public Service Company Public Utility Holding purchase pursuant to Section record registered holding company registrant registrant's reorganization requirements reserve respect respondent Rule Section 11 Securities Exchange Act security holders shares Southwestern Stock Exchange stockholders subsidiary companies tion Total transactions trust utility company Utility Holding Company voting power York Curb Exchange York Stock Exchange
Popular passages
Page 154 - In the holdingcompany system does not unduly or unnecessarily complicate the structure, or unfairly or inequitably distribute voting power among security holders, of such holdingcompany system.
Page 641 - ... in connection with, the distribution of any security or participates or has a direct or indirect participation in any such undertaking, or participates or has a participation in the direct or indirect underwriting of any such undertaking; but such term shall not include a person whose interest is limited to a commission from an underwriter or dealer not in excess of the usual and customary distributor's or seller's commission. As used in this paragraph the term "issuer...
Page 635 - No broker or dealer shall make use of the mails or of any means or instrumentality of interstate commerce to effect any transaction in, or to induce or attempt to induce the purchase or sale of, any security (other than an exempted security or commercial paper, bankers...
Page 707 - ... per centum or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote, by such...
Page 635 - ... (1) to employ any device, scheme, or artifice to defraud, or (2) to obtain money or property by means of any untrue statement of a material fact or any omission 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 (3) to engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser.
Page 214 - States, or in a contiguous foreign country; and (C) The continued combination of such systems under the control of such holding company is not so large (considering the state of the art and the area or region affected) as to impair the advantages of localized management, efficient operation, or the effectiveness of regulation.
Page 207 - And be it further enacted, That the said State shall consist of all the territory included within the following boundaries, to wit...
Page 597 - It shall be unlawful for any person in the offer or sale of any securities by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, directly or indirectly — (1) to employ any device, scheme, or artifice to defraud, or...
Page 641 - SEC. 5. (a) Unless a registration statement is in effect as to a security, it shall be unlawful for any person, directly or indirectly — (1) to make use of any means or instruments of transportation or communication in interstate commerce or of the mails to sell or offer to buy such security through the use or medium of any prospectus or otherwise...
Page 856 - ... is engaged or proposes to engage in the business of investing, reinvesting, owning, holding, or trading in securities, and owns or proposes to acquire investment securities having a value exceeding 40 per centum of the value of such issuer's total assets (exclusive of Government securities and cash items) on an unconsolidated basis. As used in this section, "investment securities" includes all securities except (A) Government securities, (B) securities issued by employees' securities companies,...