Nominations of David C. Mulford and Robert R. Glauber: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred First Congress, First Session ... to be Under Secretary for International Affairs ... Under Secretary for Finance of the Department of the Treasury, May 12, 1989, Volumen4U.S. Government Printing Office, 1989 - 60 páginas |
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Administration ARY OF CONGRESS assets authority Banking Committee believe Brady Plan capital CHAIRMAN changes circuit breaker Citibank clearance and settlement commercial banks Commission companies concern CONGRESS LIBRARY CONGRESS THE LIBRARY countries David Mulford deal debt strategy developing discussions economic policy coordination exchange rate fact FDIC Federal financial institutions financial markets financial services foreign GLAUBER global going Harvard Business School hearing House important Insider Trading interest International Affairs international debt international economic policy investment issues junk bonds jurisdiction leveraged buyouts LIBRARY OF CONGR LIBRARY OF CONGRESS look forward marketplaces ment MULFORD negotiations nominations Plaza Accord position of U.S. problem proposals question reform responsibility RIEGLE savings and loan securities markets Senator D'AMATO Senator PRESSLER Senator SARBANES Senator WIRTH Tax Policy Thank things Third World Debt tion Trade Bill Treasury Department U.S. banks U.S. corporations U.S. financial understand
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Página 26 - Commission is responsible for the administration and enforcement of the Securities Act of 1933, the Securities Exchange Act of 1934, the Public Utility Holding Company Act of 1935, the Trust Indenture Act of 1939, the Investment Company Act of 1940, and the Investment Advisers Act of 1940.
Página 26 - ... proceedings under the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940. In addition to the civil penalty provisions, the proposal contains three other new enforcement remedies. It contains express authority to provide that federal courts can, as ancillary relief in Commission injunctive actions, prohibit an individual from serving as an officer or director of any reporting company. It would permit the Commission to impose such a prohibition...
Página 26 - ... by foreign courts; who have been enjoined by a foreign court from committing securities law violations; who have violated foreign securities laws; or who have aided and abetted such violations. The...
Página 27 - The National Commission on Fraudulent Financial Reporting, known as the "Treadway Commission...
Página 26 - Section 203(e) of the Investment Advisers Act, and Section 9 (a) and (b) of the Investment Company Act. Certain subsections of these provisions also have been used to support the imposition of limitations on activities of securities professionals based upon the findings of a foreign court as to illegal activity abroad. In conjunction with the amendments contained in Title I, the Commission believes that it would be appropriate to make explicit and add to the Commission's existing authority. The Commission...
Página 26 - Act of 1989 would amend the definition of "statutory disqualification" in the Exchange Act by expanding the grounds on which a self-regulatory organization (SRO) could deny a person membership in, participation in, or association with a member of, an SRO.
Página 2 - Affairs handles legislation related to the following: banks, banking, and financial institutions; control of prices of commodities, rents and services; deposit insurance; economic stabilization and defense production; export and foreign trade promotion; export controls; federal monetary policy, including the federal reserve system; financial aid to commerce and industry; issuance and redemption of notes; money and credit, including currency and coinage; nursing home construction; public and private...
Página 27 - ... securities laws, and the imposition by the Commission of civil penalties in certain administrative proceedings under the Exchange Act, the Investment Company Act of 1940 and the Investment Advisers Act of 1940. The sanctioning authority proposed in the Securities Law Enforcement Remedies Act would enable the Commission to tailor enforcement remedies more precisely to particular facts, and thereby maximize the effectiveness of its enforcement actions. In addition, the Commission would be able...
Página 7 - ... world. I stayed there until early 1984 when I came back here to become Assistant Secretary of Treasury for International Affairs. [The complete statement of David C. Mulford follows:] EMBARGOED UNTIL DELIVERY EXPECTED AT 9:00 AM FRIDAY, MAY 12, 1989 STATEMENT OF DAVID C. MULFORD NOMINEE FOR UNDER SECRETARY FOR INTERNATIONAL AFFAIRS UNITED STATES DEPARTMENT OF THE TREASURY BEFORE THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS UNITED STATES SENATE I appreciate having this opportunity to appear...
Página 25 - In order to facilitate the cooperation of foreign authorities in providing the Commission with investigative assistance, the Commission urges Congress to exempt documents furnished to the Commission from disclosure if the foreign authority represents in good faith that the disclosure of the documents would violate the confidentiality requirements of its country's laws. B. Providing Information to Foreign Authorities Section...