Investment Trusts and Investment Companies: Hearings Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Seventy-sixth Congress, Third Session, on S. 3580, a Bill to Provide for the Registration and Regulation of Investment Companies and Investment Advisers, and for Other Purposes. April 2, 3, 4, 5, 8, 9, and 10, 1940, Parte3U.S. Government Printing Office, 1940 - 1131 páginas |
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Página 2
... senior securities increase the speculative character of their junior securities ; or ( 8 ) when investment companies operate without adequate assets or reserves , or attain such great size as to preclude efficient investment manage ...
... senior securities increase the speculative character of their junior securities ; or ( 8 ) when investment companies operate without adequate assets or reserves , or attain such great size as to preclude efficient investment manage ...
Página 14
... senior to such class , bears to the total liquidation preferences of all outstanding securities of such class . The prescribed asset coverage for a class of senior securities other than evidences of indebtedness shall be 200 per centum ...
... senior to such class , bears to the total liquidation preferences of all outstanding securities of such class . The prescribed asset coverage for a class of senior securities other than evidences of indebtedness shall be 200 per centum ...
Página 103
... senior executive of Harris Forbes as well as president of General Investment . Could you formulate for us , Mr. Burroughs , the reason why you don't think it is a good idea for investment bankers to be tied up to investment trusts ? Mr ...
... senior executive of Harris Forbes as well as president of General Investment . Could you formulate for us , Mr. Burroughs , the reason why you don't think it is a good idea for investment bankers to be tied up to investment trusts ? Mr ...
Página 238
... senior security holders , and in that way they can build up a very substantial pool of public funds which they control at little or no investment by them- selves . I thought you might be interested in taking a look at the Central States ...
... senior security holders , and in that way they can build up a very substantial pool of public funds which they control at little or no investment by them- selves . I thought you might be interested in taking a look at the Central States ...
Página 239
... senior securities , the debentures , and the preferred stock . Senator WAGNER . How much did the public put into this invest- ment , approximately ? The larger share , of course ? Mr. SCHENKER . $ 250,000,000 of the public's money went ...
... senior securities , the debentures , and the preferred stock . Senator WAGNER . How much did the public put into this invest- ment , approximately ? The larger share , of course ? Mr. SCHENKER . $ 250,000,000 of the public's money went ...
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abuses affiliated person amount asset value bank believe bill board of directors bonds broker Byllesby capital certificate clients committee common stock contract dividends effect Exchange Commission existing face-amount certificate company fact firm Founders funds Goldman Sachs hearings holding company industry interest investment adviser investment banker investment counsel investment trust issue issuer Judge Healy legislation Massachusetts Investors Trust matter ment company officers open-end companies operation organized outstanding panies percent portfolio practice preferred stock present problem profits prohibition provision purchase question registered investment company rules and regulations SCHENKER Securities Act Securities and Exchange security holders sell Senator HUGHES Senator TAFT Senator WAGNER chairman senior securities shareholders shares situation sold Standard stockholders subcommittee thing tion transactions underwriting unit investment trust voting trust York Stock Exchange
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Página 24 - Hearings may be public and may be held before the Commission, any member or members thereof, or any officer or officers of the Commission designated by it, and appropriate records thereof shall be kept.
Página 24 - 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.
Página 32 - ... (2) to obtain money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in...
Página 643 - director " means any director of a corporation or any person performing similar functions with respect to any organization, whether incorporated or unincorporated.
Página 109 - ... as to make it necessary or appropriate in the public interest or for the protection of investors or consumers that the applicant be subject to the obligations, duties, and liabilities imposed in this title upon subsidiary companies of holding companies.
Página 109 - Public-utility company" means an electric utility company or a gas utility company. (6) "Commission" means the Securities and Exchange Commission. (7) "Holding company" means— (A) any company which directly or indirectly owns, controls, or holds with power to vote...
Página 31 - ... (1) any person who within ten years has been convicted of any felony or misdemeanor involving the purchase or sale of any security or arising out of such person's conduct as an underwriter, broker, dealer, or investment adviser...
Página 25 - ... and any failure to obey such order of the court may be punished by such court as a contempt thereof. All process in any such case may be served in the judicial district whereof such person is an inhabitant or wherever he may be found.
Página 25 - Commissioner, on the ground that the testimony or evidence (documentary or otherwise) required of him may tend to incriminate him or subject him to a penalty or forfeiture...
Página 244 - No provision of this title imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule, regulation, or...