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AMENDMENTS TO SECURITIES

ACT OF 1933

(EXEMPTIONS)

HEARINGS

BEFORE THE

SUBCOMMITTEE ON COMMERCE AND FINANCE

OF THE

COMMITTEE ON

INTERSTATE AND FOREIGN COMMERCE
HOUSE OF REPRESENTATIVES

EIGHTY-FOURTH CONGRESS

ON

H. R. 5701

A BILL TO REPEAL SUBSECTION (b) OF SECTION 3 OF THE SECURITIES
ACT OF 1933, WHICH AUTHORIZES THE SECURITIES AND EXCHANGE
COMMISSION TO PROVIDE FOR EXEMPTIONS IN THE CASE OF CERTAIN
CLASSES OF SECURITIES

JULY 20 AND 21, 1955

PROMOTIONAL SECURITIES

SEPTEMBER 8, 9, 13, 14, NOVEMBER 2, 3, 4, AND DECEMBER 19, 1955

H. R. 9319

A BILL TO AMEND SUBSECTION (b) OF SECTION 3 OF THE SECURITIES
ACT OF 1933, TO PROVIDE THAT RESPONSIBLE OFFICERS OR OTHER
PERSONS SHALL BE LIABLE IN DAMAGES ON ACCOUNT OF UNTRUE
STATEMENTS OR MATERIAL OMISSIONS IN STATEMENTS OR DOCU-
MENTS FILED UNDER SUCH SUBSECTION AS A CONDITION OF

EXEMPTION

APRIL 10 AND MAY 9, 1956

Printed for the use of the Committee on Interstate and Foreign Commerce

ACT OF 1933

(EXEMPTIONS)

HEARINGS

BEFORE THE

SUBCOMMITTEE ON COMMERCE AND FINANCE

OF THE

COMMITTEE ON

INTERSTATE AND FOREIGN COMMERCE
HOUSE OF REPRESENTATIVES

EIGHTY-FOURTH CONGRESS

ON

H. R. 5701

A BILL TO REPEAL SUBSECTION (b) OF SECTION 3 OF THE SECURITIES
ACT OF 1933, WHICH AUTHORIZES THE SECURITIES AND EXCHANGE
COMMISSION TO PROVIDE FOR EXEMPTIONS IN THE CASE OF CERTAIN
CLASSES OF SECURITIES

JULY 20 AND 21, 1955

PROMOTIONAL SECURITIES

SEPTEMBER 8, 9, 13, 14, NOVEMBER 2, 3, 4, AND DECEMBER 19, 1955

H. R. 9319

A BILL TO AMEND SUBSECTION (b) OF SECTION 3 OF THE SECURITIES
ACT OF 1933, TO PROVIDE THAT RESPONSIBLE OFFICERS OR OTHER
PERSONS SHALL BE LIABLE IN DAMAGES ON ACCOUNT OF UNTRUE
STATEMENTS OR MATERIAL OMISSIONS IN STATEMENTS OR DOCU-
MENTS FILED UNDER SUCH SUBSECTION AS A CONDITION OF

EXEMPTION

APRIL 10 AND MAY 9, 1956

Printed for the use of the Committee on Interstate and Foreign Commerce

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1

152

Hanson, Murray, managing director and general counsel, Investment
Bankers Association of America..

Montgomery, Donald, director, Washington office, UAW-CIO..

Ross, Bradford, counsel, United States Independent Telephone

Association...

Woodside, Byron D., Director, Division of Corporate Finance, Secu-
rities and Exchange Commission.

Additional information submitted for the record by-

10, 93, 154

Bennett, Hon. John B.: Analysis of 34 recent uranium stock issues
pursuant to regulation A exemption under section 3 (b) of the
Securities Act of 1933, table...
Investment Bankers Association of America, letter from Murray
Hanson, transmitting statement of Walter A. Schmidt, president__
National Association of Securities Dealers, Inc., letter from Harold E.
Wood, chairman, board of governors.

Schenck, Hon. Paul F.: The extent of utility commission jurisdiction

in the several States, June 1952, chart.-

Securities and Exchange Commission:

Composition of established companies, other than mining or oil

and gas, which floated successful issues under regulation A,

1953-54, table..

4

153

151

Letter from J. Sinclair Armstrong, Chairman, transmitting com-
ment on testimony of Vance N. Kirbey.

138

Notice of proposed revision and consolidation of regulation A
and regulation D, release of July 18, 1955..
Studies of filings under regulation A, tables.

15

37-54

299

263

457

339

Bowman, Raymon M., Ned J. Bowman Co., Salt Lake City, Utah..
Bridwell, George E., attorney at law, Salt Lake City, Utah..

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