To Amend the Securities Act of 1933: Solicitation of Proxies, Etc., in Reorganizations, Etc. Hearing[s] Before the Committee on Interstate and Foreign Commerce, House of Representatives, Seventy-fifth Congress, First Session, on H.R. 6968, to Amend the Securities Act of 1933, as Amended, by Adding Thereto a New Title, Providing for the Regulation of the Solicitation, in Interstate and Foreign Commerce and Through the Mails, of Proxies, Deposits, and Assents in Connection with Certain Reorganizationss, Voluntary Readjustments and Debt Arrangements; and for Other Purposes. June 8-July 21, 1937 |
From inside the book
Page 51
... situation will ask , is this : " Who is going to control the reorganized company ? Who is going to manage it ? " If they are interested in those questions , those questions are obvi- ously of great importance to the ordinary investor ...
... situation will ask , is this : " Who is going to control the reorganized company ? Who is going to manage it ? " If they are interested in those questions , those questions are obvi- ously of great importance to the ordinary investor ...
Page 57
... situation . It is everybody's business and it is so often , in such a case , nobody's business . Now , who is going to represent 5,000 or 20,000 security holders resident in all the States or in most of the States of this Union ? They ...
... situation . It is everybody's business and it is so often , in such a case , nobody's business . Now , who is going to represent 5,000 or 20,000 security holders resident in all the States or in most of the States of this Union ? They ...
Page 69
... situation under which counsel was being forced upon investors , because of the necessity existing under the pro- visions of this bill by which the Commission is compelled to go into the courts under certain circumstances . Mr. LOWENTHAL ...
... situation under which counsel was being forced upon investors , because of the necessity existing under the pro- visions of this bill by which the Commission is compelled to go into the courts under certain circumstances . Mr. LOWENTHAL ...
Page 70
... situation before you by asking you to assume that he was an investor and felt that he had not sufficient knowledge upon which to act intelligently and that he would thereupon address a communication to the Commission stating the situation ...
... situation before you by asking you to assume that he was an investor and felt that he had not sufficient knowledge upon which to act intelligently and that he would thereupon address a communication to the Commission stating the situation ...
Page 71
... situation of deciding what to do to properly protect himself . Why does that situation create an obligation on the part of the Government any more than in the first instance to properly advise him what investments to make ? Mr ...
... situation of deciding what to do to properly protect himself . Why does that situation create an obligation on the part of the Government any more than in the first instance to properly advise him what investments to make ? Mr ...
Common terms and phrases
agency amended amount appointed approved assents attorneys authorized bank Bankruptcy Act bondholders BULWINKLE Cameron County certificates of deposit CHAIRMAN Chandler bill Chicago Title COLE Commissioner DOUGLAS Conservator counsel court creditor or stockholder debt arrangement debtor corporation declaration default deposit agreements disapproval district dollar effective equity Exchange Commission exemption Federal fees and expenses filed foreclosure houses of issue independent contractor individual debtor investigation investment bankers investors issuer judge jurisdiction Lea bill LOWENTHAL MAPES matter ment mittee mortgage municipal paid payment percent person petition Philadelphia Co plan of reorganization preferred stock PRESCOTT proceeding proposal or plan protective committee provisions proxies or deposits question real-estate reason receiver receivership Reconstruction Finance Corporation represent respect section 77B Securities Act Securities and Exchange security holders solicitation statement subdivision thereof tion Title & Trust trustee underwriter voluntary readjustment WOLVERTON
Popular passages
Page 463 - ... 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, documentary or otherwise, except that such individual so testifying shall not be exempt from prosecution and punishment for perjury committed in so testifying.
Page 539 - If any party shall apply to the court for leave to adduce additional evidence, and shall show to the satisfaction of the court that such additional evidence is material and that there were reasonable grounds for failure to adduce such evidence in the...
Page 467 - Commission and to be adduced upon the hearing in such manner and upon such terms and conditions as to the court may seem proper. The...
Page 500 - ... to give evidence touching the matter in question; and any failure to obey such order of the court may be punished by such court as a contempt thereof.
Page 480 - Commission shall be final, subject to review by the Supreme Court of the United States upon certiorari or certification as provided in sections 239 and 240 of the Judicial Code, as amended (USC, title 28, sees. 346 and 347...
Page 467 - A copy of such petition shall be forthwith served upon any member of the Commission, and thereupon the Commission shall certify and file in the court a transcript of the record upon which the order complained of was entered. Upon the filing of such transcript such court shall have exclusive jurisdiction to affirm, modify, and enforce or set aside such order, in whole or in part.
Page 533 - ... the judge shall approve the plan if satisfied that: (1) It complies with the provisions of subsection (b) of this section, is fair and equitable, affords due recognition to the rights of each class of creditors and stockholders...
Page 135 - ... or be held to mean that the Commission has in any way passed upon the merits of, or given approval to, such security. It shall be unlawful to make, or cause to be made, to any prospective purchaser any representation contrary to the foregoing provisions of this section.
Page 373 - Commission for that purpose, and thereupon the Commission shall certify and file in the court a transcript of the record upon which the order complained of was entered. Upon the filing of such transcript such court shall have exclusive jurisdiction to affirm, modify, or set aside such order, in whole or in part.