Regulating the Sale of Securities: Hearing Before Subcommittee 2 of the Committee on the District of Columbia, House of Representatives, Eighty-eighth Congress, First Session, on H.R. 4200, to Provide for the Regulation of the Business of Selling Securities in the District of Columbia and for the Licensing of Persons Engaged Therein, and for Other Purposes. May 2, 1963United States. Congress. House. Committee on the District of Columbia, United States. Congress. House. Committee on the District of Columbia. Subcommittee No. 2 U.S. Government Printing Office, 1964 - 165 páginas |
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Página 5
... capital of $ 15,000 , except that the Commission may , by rule , fix a mini- mum capital in lesser amounts for any class of broker - dealers if the Commission determines that broker - dealers of that class- ( 1 ) are engaged in a ...
... capital of $ 15,000 , except that the Commission may , by rule , fix a mini- mum capital in lesser amounts for any class of broker - dealers if the Commission determines that broker - dealers of that class- ( 1 ) are engaged in a ...
Página 6
... capital requirement of section 5 ( d ) or any ratio rule prescribed thereunder ; ( 3 ) has been convicted , within the past ten years , of any misdemeanor in- volving a fiduciary relationship or a security or any aspect of the ...
... capital requirement of section 5 ( d ) or any ratio rule prescribed thereunder ; ( 3 ) has been convicted , within the past ten years , of any misdemeanor in- volving a fiduciary relationship or a security or any aspect of the ...
Página 14
... capital , with exceptions , is $ 15,000 for each broker - dealer license . Commission may require broker - dealers and agents to post surety bonds up to $ 50,000 . Section 6. Unlawful representation concerning licensing . Section 7 ...
... capital , with exceptions , is $ 15,000 for each broker - dealer license . Commission may require broker - dealers and agents to post surety bonds up to $ 50,000 . Section 6. Unlawful representation concerning licensing . Section 7 ...
Página 18
... capital , and a ratio between net capital and aggregate indebtedness are provided for ( sec . 5 ) . Records and examinations of applicants are required ( sec . 7 ) . Li- censes may be denied , suspended , or revoked for specified causes ...
... capital , and a ratio between net capital and aggregate indebtedness are provided for ( sec . 5 ) . Records and examinations of applicants are required ( sec . 7 ) . Li- censes may be denied , suspended , or revoked for specified causes ...
Página 21
... capital , with limited discretion in the Commission , in certain narrow circumstances , to fix a smaller sum to avoid indi- vidual hardship where the protection of the public does not require $ 15,000 minimum capital . Mr. ABERNETHY ...
... capital , with limited discretion in the Commission , in certain narrow circumstances , to fix a smaller sum to avoid indi- vidual hardship where the protection of the public does not require $ 15,000 minimum capital . Mr. ABERNETHY ...
Términos y frases comunes
ABERNETHY ACHESON actuarial administration amended amount Annuity Life Insurance annuity payments application Association of Securities authority BASTABLE Better Business Bureau bill blue sky law broker broker-dealers and agents CALVERT Chairman committee Congress definition District of Columbia dollars drafting EALIC effective employees equity Exchange Commission exempt Federal firms fixed-dollar annuities grantor guaranteed hearing insurance commissioners insurance companies insurance departments insurance law interest Investment Company Act investors issued issuer KEITH language legislation liability ment minimum capital mortality tables mutual funds mutual-fund shares NASD officers payable period person proceeding proposed protection Public Service Commission purchaser pursuant registration regulation regulatory reserves risk rule or order salesmen Securities and Exchange securities business Securities Dealers Securities Exchange SHAW specified SPRINGER statement statute Supreme Court surety bond term life insurance tion transactions U.S. attorney Uniform Act Uniform Securities Act United VALIC variable annuity contracts variable-annuity violation Washington
Pasajes populares
Página 14 - To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or...
Página 3 - When used in this title, unless the context otherwise requires — (1) the term "security" means any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, or, in...
Página 49 - If there are any questions, I will be glad to try to answer them. Mr. ABERNETHY. Thank you, Mr. Bryan. Mr. Springer? Mr. SPRINGER. Mr. Bryan; thank you very kindly. I have read the Commissioners' letter to the chairman and it is an excellent exposition, I think, of the necessity of this law.
Página 8 - Commission, 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 47 - Commission or any officer designated by it is empowered to administer oaths and affirmations, subpena witnesses, compel their attendance, take evidence, and require the production of any books, papers, correspondence, memoranda, or other records which the Commission deems relevant or material to the inquiry.
Página 67 - ... did not know, and in the exercise of reasonable care could not have known, of such untruth or omission...
Página 3 - Any security exchanged by the issuer with its existing security holders exclusively where no commission or other remuneration is paid or given directly or indirectly for soliciting such exchange...
Página 47 - Commissioner or his successor in office to be his attorney to receive service of any lawful process in any non-criminal suit, action, or proceeding against him or his successor executor or administrator which arises under this Act or any rule or order hereunder after the consent has been filed, with the same force and validity as if served personally on the person filing the consent.
Página 10 - ... is filed in the case on or before the return day of the process, if any, or within such further time as the court allows.
Página 57 - I commend the Securities and Exchange Commission and the National Association of Securities Dealers, Inc...