...securities markets nor of the regulatory pattern of the securities acts requires dramatic reconstruction. The report should not impair public confidence in...suggestions for raising standards are put into practice. Serious shortcomings are apparent and the report, of course, has concentrated on their examination...

...widely throughout the industry. Commissioner Gary himself said in his letter of transmutai to you : The report should not impair public confidence in...suggestions for raising standards are put into practice. And later he said : The study confirms the strength of those laws and the heightened sense of obligation...

...securities markets nor of the regulatory pattern of the Securities Act requires dramatic reconstruction. The report should not impair public confidence in...as suggestions for raising standards are put into effect. Serious shortcomings are apparent, and the report, of course, has concentrated on their examination...

...exchange markets, and the over-the-counter market. As we stated in our first letter of transmittal, this report should not impair public confidence in the...suggestions for raising standards are put into practice. There is a wide diversity among the various markets. An exchange market is concentrated in a single...