For sale by the Superintendent of Documents, Washington, D. C.

DEPOSITED BY THE UNITED STATES OF AMERICA

DEC 10 '40

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C.

September 1940

JEROME N. FRANK, Chairman.

Took oath of office December 27, 1937, elected chairman May 18, 1939.

ROBERT E. HEALY, Commissioner.

Took oath of office July 2, 1934.

EDWARD C. EICHER', Commissioner.
Took oath of office December 3, 1938.

LEON HENDERSON', Commissioner.
Took oath of office May 18, 1939.

SUMNER T. PIKE1, Commissioner.
Took oath of office June 4, 1940.

FRANCIS P. BRASSOR, Secretary.
Took oath of office August 24, 1934.

GEORGE C. MATHEWS.

Took oath of office July 2, 1934, and resigned April 15, 1940.

WILLIAM O. DOUGLAS.

Took oath of office February 3, 1936, and resigned April 16, 1939.

JOHN W. HANES.2

1

Took oath of office January 14, 1938, and resigned June 30, 1938.

1 Commissioner Eicher, Commissioner Henderson, and Commissioner Pike did not participate in the consideration or disposition of any of the cases in this volume.

* Commissioner Hanes resigned on June 30, 1938 and participated only in the consideration and disposition of those cases in this volume prior to his resignation date.

2 S.E.C.

III