Unlisted Securities: Hearing Before the Committee on Interstate and Foreign Commerce, House of Representatives, Seventy-fourth Congress, Second Session, on S.4023, an Act to Provide for the Continuation of Trading in Unlisted Securities Upon National Securities Exchanges, for the Registration of Over-the-counter Brokers and Dealers, for the Filing of Current Information and Periodic Reports by Issuers, and for Other Purposes, May 6, 1936 |
From inside the book
Results 6-10 of 11
Page 17
... selling 22 million additional , am very much interested and request that municipal bonds be exempt in section 15 ( c ) along with commercial paper , bankers ' acceptances , and thereby not make municipal bonds subject to control of ...
... selling 22 million additional , am very much interested and request that municipal bonds be exempt in section 15 ( c ) along with commercial paper , bankers ' acceptances , and thereby not make municipal bonds subject to control of ...
Page 19
... sell you a bond through misrepresentation . Mr. PETTENGILL . In that case you are dealing with bonds that are already out in the hands of the public . Mr. LANDIS . That is true . Mr. PETTENGILL . Is the municipality involved ? Mr ...
... sell you a bond through misrepresentation . Mr. PETTENGILL . In that case you are dealing with bonds that are already out in the hands of the public . Mr. LANDIS . That is true . Mr. PETTENGILL . Is the municipality involved ? Mr ...
Page 20
... sell an individual one of those defaulted bonds and tell that individual that this bond is not in default , I see no reason why that dealer should not be punished for committing a fraud . Mr. PETTENGILL . That is all , Mr. Chairman ...
... sell an individual one of those defaulted bonds and tell that individual that this bond is not in default , I see no reason why that dealer should not be punished for committing a fraud . Mr. PETTENGILL . That is all , Mr. Chairman ...
Page 23
... sell them , because in many cases they cannot get information and in other cases it would be for a long time with the Commission . We have , perhaps , as fine a Commission as we ever are going to have under this act , and I know ...
... sell them , because in many cases they cannot get information and in other cases it would be for a long time with the Commission . We have , perhaps , as fine a Commission as we ever are going to have under this act , and I know ...
Page 24
... sell municipal bonds and to do that goes right back to the municipality . The Commission has found in dealing with corporate securities that it cannot effectively regulate them without going back to the issuers and the issuers of ...
... sell municipal bonds and to do that goes right back to the municipality . The Commission has found in dealing with corporate securities that it cannot effectively regulate them without going back to the issuers and the issuers of ...
Common terms and phrases
Act is amended amended by section American Bankers Association application for registration appropriate notice banks broker or dealer brokers and dealers CHAIRMAN commercial paper committee Comptroller Congress curity exchange market exempted security Federal Reserve System filed giving the Commission indirectly controlling interstate commerce ipal issuer jurisdiction LANDIS listed and registered listed on exchanges MAPES ment MERRITT misrepresentation municipal bonds municipal dealers municipal securities municipal-bond dealers national securities exchange necessary or appropriate notice and opportunity objection opportunity for hearing outstanding over-the-counter person directly PETTENGILL PEYSER prevent fraud protection of investors public interest purchase or sale question quotations or transactions REED registration pursuant registration shall become registration statement regulation thereunder rule or regulation rules and regulations sale of municipal section 15 Securities Act Securities Exchange Act situation standpoint suant subsection f telegram traded unlisted unlisted department unlisted securities unlisted trading privileges words York Curb Exchange
Popular passages
Page 3 - ... acceptances, or commercial bills) otherwise than on a national securities exchange, in contravention of such rules and regulations as the Commission may prescribe...
Page 4 - 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 3 - Act of 1933, as amended, shall file with the Commission, in accordance with such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors, such supplementary and periodic information, documents, and reports as may be required...
Page 2 - ... any partner, officer, director, or branch manager of such broker or dealer (or any person occupying a similar status or performing similar functions), or any person directly or indirectly controlling or controlled by such broker or dealer...
Page 1 - System shall, by such rules and regulations as it may deem necessary or appropriate in the public interest or for the protection of investors, exempt, either unconditionally or upon specified terms and conditions or for stated periods, from the operation of this subsection and the rules and regulations thereunder.
Page 2 - ... 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 2 - 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 the purchase or sale of, any security (other than commercial paper, bankers...
Page 4 - States the sum of $100 for each and every day of the continuance of such failure, which forfeiture shall be payable into the Treasury of the United States, and shall be recoverable in a civil suit in the name of the United States...
Page 3 - Any registered broker or dealer may, upon such terms and conditions as the Commission may deem necessary in the public interest or for the protection of investors, withdraw from registration by filing a written notice of withdrawal with the Commission.
Page 4 - ... shall forfeit to the United States the sum of $100 for each and every day of the continuance of such failure, which forfeiture shall be payable into the Treasury of the United States...