Imágenes de páginas





Table 10. Summary of cases instituted in the courts by the Commission

under the Securities Act of 1933, the Securities Exchange Act
of 1934, the Public Utility Holding Company Act of 1935,
the Investment Company Act of 1940, and the Investment

Advisers Act of 1940.--
Table 11. 33-year summary of all injunction cases instituted by the Com-

mission—1934 to June 30, 1966, by calendar year...
Table 12. Summary of cases instituted against the Commission, petitions

for review of Commission orders, cases in which the Commis-
sion participated as intervenor or amicus curiae, and re-
organization cases under Chapter X in which the Commission

participated on appeal..
Table 13. A 33-year summary of criminal cases developed by the Com-

mission-1934 through 1966 by fiscal year.... Table 14. A 33-year summary classifying all defendants in criminal cases

developed by the Commission-1934 to June 30, 1966.-Table 15. Summary of criminal cases developed by the Commission which

were pending at June 30, 1966.--





MANUEL F. COHEN of Maryland, Chairman -
BYRON D. WOODSIDE of Virginia---
Hugh F. OWENS of Oklahoma.
HAMER H. BUDGE of Idaho.---
FRANCIS M. Wheat of California.-

Term expires June 5

1968 1967 1970 1969 1971

Secretary : ORVAL L. DuBois

Executive Assistant to the Chairman: DAVID L. RATNER

Staff Officers
EDMUND H. WORTHY, Director, Division of Corporation Finance.

ROBERT H. BAGLEY, Associate Director.
SOLOMON FREEDMAN, Director, Division of Corporate Regulation.

HAROLD V. LESE, Associate Director.

J. ARNOLD PINES, Associate Director.
LOUGHLIN F. McHugh, Chief Economist, Office of Policy Research.
IRVING M. POLLACK, Director, Division of Trading and Markets.

THOMAS W. RAE, Associate Director.

EUGENE H. ROTBERG, Associate Director. PHILIP A. LOOMIS, JR., General Counsel.

DAVID FERBER, Solicitor.

WALTER P. NORTH, Associate General Counsel.
ANDREW BARR, Chief Accountant.
LEONARD HELFENSTEIN, Director, Office of Opinions and Review.

W. VICTOR RODIN, Associate Director.

ALFRED LETZLER, Associate Director.
WILLIAM E. BECKER, Chief Management Analyst.
FRANK J. DONATY, Comptroller.
ERNEST L. DESSECKER, Records and Service Officer.
HARRY POLLACK, Director of Personnel.



Regional Administrators

Region 1. New York, New Jersey.-Mahlon M. Frankhauser, 23rd Floor,

225 Broadway, New York, New York 10007 Region 2. Massachusetts, Connecticut, Rhode Island, Vermont, New Hamp

shire, Maine.-James E. Dowd, Suite 2203, John F. Kennedy Federal

Building, Government Center, Boston, Mass. 02203. Region 3. Tennessee, Virgin Islands, Puerto Rico, North Carolina, South

Carolina, Georgia, Alabama, Mississippi, Florida, that part of Louisiana lying east of the Atchafalaya River.-William Green, Suite 138, 1371

Peachtree Street, N.E., Atlanta, Georgia 30309 Region 4. Illinois, Indiana, Iowa, Kansas City (Kansas), Kentucky, Michi

gan, Minnesota, Missouri, Ohio, Wisconsin.—Thomas B. Hart, Room 1708, U.S. Courthouse and Federal Office Building, 219 South Dearborn Street,

Chicago, Illinois 60604 Region 5. Oklahoma, Arkansas, Texas, that part of Louisiana lying west of

the Atchafalaya River, and Kansas (except Kansas City).-0. H. Allred,

503 U.S. Court House, 10th & Lamar Streets, Fort Worth, Texas 76102 Region 6. Wyoming, Colorado, New Mexico, Nebraska, North Dakota, South

Dakota, Utah.--Donald J. Stocking, 7224 Federal Building, 1961 Stout

Street, Denver, Colorado 80202 Region 7. California, Nevada, Arizona, Hawaii, Guam.-Arthur E. Penne

kamp, 450 Golden Gate Avenue, Box 36042, San Francisco, California

94102 Region 8. Washington, Oregon, Idaho, Montana, Alaska.—James E. Newton,

900 Hoge Building, Seattle, Washington 98104 Region 9. Pennsylvania, Maryland, Virginia, West Virginia, Delaware, Dis

trict of Columbia.—Alexander J. Brown, Jr., 500 North Capitol Street,

Washington, D.C. 20549 Branch Offices

Cleveland, Ohio, 44113.-Room 1628, Standard Building, 1370 Ontario Street. Detroit, Michigan, 48226.—Room 1503, Washington Boulevard Building, 234

State Street. Houston, Texas, 77002.—Room 2606, Federal Office Annex, Courts Building,

515 Rusk Ave. Los Angeles, California, 90028.-Room 309, Allstate Title Building, 6331

Hollywood Blvd. Miami, Florida, 33130.—Room 1504, Federal Office Building, 51 S. W., First

Ave. St. Louis, Missouri, 63102.—Room 916, Federal Building, 208 North

Broadway. St. Paul, Minn., 55101.–1027 Post Office Building, 180 East Kellogg Blvd. Salt Lake City, Utah, 84111.–Room 6004, Federal Building, 125 South State


Manuel F. Cohen, Chairman Chairman Cohen was born in Brooklyn, N.Y., on October 9, 1912. He holds a B.S. degree in social science from Brooklyn College of the College of the City of New York. He received an LL.B. degree, cum laude, from Brooklyn Law School of St. Lawrence University in 1936, and was elected to the Philonomic Council. He is a member of the District of Columbia and New York bars. In 1933-1934 he served as research associate in the Twentieth Century Fund studies of the securities markets. Chairman Cohen joined the Commission's staff as an attorney in 1942 after several years in private practice, serving first in the Investment Company Division and later in the Division of Corporation Finance, of which he was made Chief Counsel in 1953. He was named Adviser to the Commission in 1959 and in 1960 became Director of the Division of Corporation Finance. He was awarded a Rockefeller Public Service Award by the trustees of Princeton University in 1956 and for a period of 1 year studied the capital markets and the processes of capital formation and of government and other controls in the principal financial centers of Western Europe. In 1961, he was appointed a member of the Council of the Administrative Conference of the United States and received a Career Service Award of the National Civil Service League. From 1958 to 1962 he was lecturer in Securities Law and Regulation at the Law School of George Washington University and he is the author of a number of articles on securities regulation published in domestic and foreign professional journals. In 1962, he received an honorary LL.D. degree from Brooklyn Law School. He took office as a member of the Commission on October 11, 1961, for the term expiring June 5, 1963, and was reappointed for the term expiring June 5, 1968. He was designated Chairman of the Commission on August 20, 1964.

Byron D. Woodside

Commissioner Woodside was born in Oxford, Pa., in 1908, and is a resident of Haymarket, Va. He holds degrees of B.S. in economics from the University of Pennsylvania, A.M. from George Washington University, and LL.B. from Temple University. He is a member of the bar of the District of Columbia. In 1929 he joined the staff of the Federal Trade Commission, and in 1933, following the enactment

[ocr errors]

of the Securities Act of 1933, was assigned to the Securities Division of that Commission which was charged with the administration of the Securities Act. Commissioner Woodside transferred to the Securities and Exchange Commission upon its establishment by the Securities Exchange Act of 1934. In 1940 he became Assistant Director and in 1952 Director of the Division (now Division of Corporation Finance) responsible for administering the registration and reporting provisions of the Securities Act, Securities Exchange Act, the Trust Indenture Act of 1939, and, in part, the Investment Company Act of 1940. For 14 months commencing in May 1948, he was on loan to the Department of the Army and assigned to duty in Japan as a member of a five-man board which reviewed reorganization plans of Japanese companies under the Occupation's decartelization program; and beginning in December 1950, he served 17 months with the National Security Resources Board and later with the Defense Production Administration as Assistant Deputy Administrator for Resources Expansion. He took office as a member of the Securities and Exchange Commission on July 15, 1960, for the term of office expiring June 5, 1962, and was reappointed effective June 5, 1962, for the term expiring June 5, 1967.

Hugh F. Owens Commissioner Owens was born in Muskogee, Oklahoma on October 15, 1909, and moved to Oklahoma City in 1918. He graduated from Georgetown Preparatory School, Washington, D.C., in 1927, and received his A.B. degree from the University of Illinois in 1931. In 1934, he received his LL.B. degree from the University of Oklahoma College of Law, and became associated with a Chicago law firm specializing in securities law. He returned to Oklahoma City in January 1936, to become associated with the firm of Rainey, Flynn, Green and Anderson. From 1940 to 1941, he was vice-president of the United States Junior Chamber of Commerce. During World War II he attained the rank of Lieutenant Commander U.S.N.R. and served as Executive Officer of a Pacific Fleet destroyer. In 1948, he became a partner in the firm of Hervey, May and Owens. From 1951 to 1953, he served as counsel for the Superior Oil Company in Midland, Texas, and thereafter returned to Oklahoma City, where he engaged in the general practice of law under his own name. He also served as a part-time faculty member of the School of Law of Oklahoma City University. In October 1959, he was appointed Administrator of the then newly enacted Oklahoma Securities Act and was active in the work of the North American Securities Administrators, serving as vice-president and a member of the executive committee of that Association. He took office as a member of the

« AnteriorContinuar »