Hearings, Reports and Prints of the Senate Committee on Banking and Currency, Parts 1-4U.S. Government Printing Office, 1940 - Banking law |
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Page 49
... give advice relating to the purchase and sales of securities listed on the stock exchange , which is an instrumentality of interstate commerce , then that fact , in conjunction with the power of Congress to regulate the mails , is ...
... give advice relating to the purchase and sales of securities listed on the stock exchange , which is an instrumentality of interstate commerce , then that fact , in conjunction with the power of Congress to regulate the mails , is ...
Page 50
... give investment advice and have influence with respect to $ 4,000,000,000 of funds . Now , it is true that substantial parts of these funds are funds of banks and insurance companies . However , if you will take a look at pages 8 and 9 ...
... give investment advice and have influence with respect to $ 4,000,000,000 of funds . Now , it is true that substantial parts of these funds are funds of banks and insurance companies . However , if you will take a look at pages 8 and 9 ...
Page 52
... give their management untrammeled discretion with respect to the investments they can make . Then you have the so - called fixed trusts , which were devices whereby management was completely eliminated . You had the so - called open ...
... give their management untrammeled discretion with respect to the investments they can make . Then you have the so - called fixed trusts , which were devices whereby management was completely eliminated . You had the so - called open ...
Page 55
... give the committee some background on this subject we may have one of the members of the staff tell the story of what happened to the biggest investment trust that existed in this country . It will give you some idea- Mr. HEALY ...
... give the committee some background on this subject we may have one of the members of the staff tell the story of what happened to the biggest investment trust that existed in this country . It will give you some idea- Mr. HEALY ...
Page 76
... give them the benefit of the doubt and assume that they thought it was valuable . But they had already made an arrangement that they would buy from Bond and Share Trading Corporation substantially the most valuable securities of the ...
... give them the benefit of the doubt and assume that they thought it was valuable . But they had already made an arrangement that they would buy from Bond and Share Trading Corporation substantially the most valuable securities of the ...
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Common terms and phrases
abuses affiliated person amount asset value bank believe bill board of directors bonds broker Byllesby capital certificate clients committee common stock contract dividends Exchange Commission existing face-amount certificate company fact firm Founders funds holding company industry investment adviser investment banker investment counsel investment trust issue issuer Judge Healy legislation Massachusetts Investors Trust matter ment company officers open-end companies operation organized outstanding panies percent portfolio practice preferred stock present president profits prohibition provision purchase question registered investment company rules and regulations SCHENKER Securities Act Securities and Exchange securities finance security holders sell Senator HUGHES Senator TAFT Senator WAGNER chairman senior securities shareholders shares situation sold Standard stockholders subcommittee thing tion transactions type of company underwriter unit investment trust voting trust York Stock Exchange
Popular passages
Page 27 - ... forfeiture ; but no individual shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he is compelled, after having claimed his privilege against self-incrimination, to testify or produce evidence, except that such individual so testifying shall not be exempt from prosecution and punishment for perjury committed in so testifying.
Page 26 - System, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.
Page 34 - ... (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...
Page 116 - ... as to make it necessary or appropriate in the public interest or for the protection of investors or consumers that the applicant be subject to the obligations, duties, and liabilities imposed in this title upon subsidiary companies of holding companies.
Page 725 - ... to aid in the enforcement of the provisions of this title, in the prescribing of rules and regulations thereunder, or in obtaining information to serve as a basis for recommending further legislation concerning the matters to which this title relates.
Page 656 - director " means any director of a corporation or any person performing similar functions with respect to any organization, whether incorporated or unincorporated.
Page 178 - SEC. 326. Except as otherwise expressly provided, nothing in this title shall affect (1) the jurisdiction of the Commission under the Securities Act of 1933, or the Securities Exchange Act of 1934, or...
Page 111 - Public-utility company" means an electric utility company or a gas utility company. (6) "Commission" means the Securities and Exchange Commission. (7) "Holding company" means— (A) any company which directly or indirectly owns, controls, or holds with power to vote...
Page 246 - No provision of this title imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule, regulation, or...
Page 33 - ... (1) any person who within ten years has been convicted of any felony or misdemeanor involving the purchase or sale of any security or arising out of such person's conduct as an underwriter, broker, dealer, or investment adviser...