Investment Company Act Amendments of 1967, Bank and Insurance Company Collective Investment Funds and Accounts, Hearings Before the Subcommittee on Commerce and Finance ... 90-2, on H.R. 14742, March 14, 15, 19681968 - 167 pages |
Common terms and phrases
1940 is amended acquiring company affiliated person amended to read American Bankers Association authority bank's banking agencies bill broker broker-dealer centum certificate Chairman COHEN collective fund maintained collective investment funds commercial banks Committee common trust fund compensation competition Comptroller Congress corporate court Currency dealer employee exemption face-amount certificate company Federal Reserve System FERGUSON fiduciary Glass-Steagall Act institutions insurance companies Internal Revenue Code investment adviser Investment Company Act Investment Company Institute KEITH legislation management fees managing agency accounts ment company Moss mutual fund business national banks National City Bank officer operation pany paragraph pension plans plaintiffs principal underwriter prohibition protection of investors provisions pursuant question read as follows reason registered company registered investment company requirements respect sales charges sales load Section Securities Act securities business Securities Exchange Act securities issued self-employed sell separate account statement statutes statutory subcommittee thereof tion trust department unit investment trust
Popular passages
Page 57 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Page 9 - The Commission may modify its findings as to the facts by reason of the additional evidence so taken, and it shall file with the court such modified or new findings, which, if supported by substantial evidence, shall be conclusive, and its recommendation, if any, for the modification or setting aside of the original order.
Page 9 - Circuit Court of Appeals of the United States, within any circuit wherein such person resides or has his principal place of business, or in the United States Court of Appeals for the District of Columbia, by filing in such court, within sixty days after the entry of such order, a written petition praying that the order of the Commission be modified or set aside in whole or in part.
Page 4 - ... or any rule or regulation thereunder or any undertaking contained in a registration statement as provided in subsection (d) of Section 15 of this title, which statement was at the time and in the light of the circumstances under which it was made false or misleading with respect to any material fact...
Page 21 - ... necessary or appropriate in the public interest and consistent with the protection of investors and the purposes fairly intended by the policy and provisions of this title.
Page 9 - Any person or party aggrieved by an order issued by the Commission under this title may obtain a review of such order in the court of appeals of the United States within any circuit wherein such person resides or has his principal Sec.
Page 58 - As used in this section the term "investment securities" shall mean marketable obligations, evidencing indebtedness of any person, copartnership, association, or corporation in the form of bonds. notes and/or debentures commonly known as investment securities under such further definition of the term "investment securities" as may by regulation be prescribed by the Comptroller of the Currency.
Page 9 - If either party shall apply to the court for leave to adduce additional evidence, and shall show to the satisfaction of the...
Page 9 - ... shall conform to such rules and regulations as the commission may from time to time prescribe for the protection of life, health, and property.
Page 9 - Territorial courts, of all suits in equity and actions at law brought to enforce any liability or duty created by, ) or to enjoin any violation of, this title or the rules, regulations, or orders thereunder.