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 44
... ment investment plan , the selling commissions or " load " on the face amount certificate are taken out of the installments paid within the first and second years . As a consequence , the surrender value of the certificate during the ...
... ment investment plan , the selling commissions or " load " on the face amount certificate are taken out of the installments paid within the first and second years . As a consequence , the surrender value of the certificate during the ...
Page 49
... ment , and every doctor . He is certainly giving advice about things that relate to interstate commerce in many ... ment advisers that we found , for we were conscious of the limitation of our jurisdiction with respect to the scope of ...
... ment , and every doctor . He is certainly giving advice about things that relate to interstate commerce in many ... ment advisers that we found , for we were conscious of the limitation of our jurisdiction with respect to the scope of ...
Page 50
... ment advice or whether they were engaged in some other occupation . If you will look at page 11 you will see the variety of other businesses in which investment counsel engage . These other businesses are brokers or dealers in ...
... ment advice or whether they were engaged in some other occupation . If you will look at page 11 you will see the variety of other businesses in which investment counsel engage . These other businesses are brokers or dealers in ...
Page 51
... ment advisory services - that the investment counsel industry would desire the simple approach of Title 2 in the first instance . I am not saying they may not have difficulty with some of the language or the way we phrased the ...
... ment advisory services - that the investment counsel industry would desire the simple approach of Title 2 in the first instance . I am not saying they may not have difficulty with some of the language or the way we phrased the ...
Page 73
... ment . Now , had they been honest and kept the same securities in that portfolio , they would have gone , through the rise in the market that occurred in 1933 , from $ 4,000,000 to about $ 7,000,000 , so you see the result of that ...
... ment . Now , had they been honest and kept the same securities in that portfolio , they would have gone , through the rise in the market that occurred in 1933 , from $ 4,000,000 to about $ 7,000,000 , so you see the result of that ...
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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...