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 4
... operates or would operate as a fraud or deceit upon any person . LICENSE REQUIREMENT SEC . 4. ( a ) It shall be unlawful for any person to transact business in the District as a broker - dealer or agent unless he is effectively licensed ...
... operates or would operate as a fraud or deceit upon any person . LICENSE REQUIREMENT SEC . 4. ( a ) It shall be unlawful for any person to transact business in the District as a broker - dealer or agent unless he is effectively licensed ...
Página 14
... operates or would operate as a fraud or deceit upon any person . Section 4. License requirement : It is unlawful for a broker - dealer or his agent or the agent of an issuer to do business without a license . Licenses and re- newals are ...
... operates or would operate as a fraud or deceit upon any person . Section 4. License requirement : It is unlawful for a broker - dealer or his agent or the agent of an issuer to do business without a license . Licenses and re- newals are ...
Página 45
... operate in those States having a so - called " blue sky " law may utilize the ex- isting situation to their advantage , but to the disadvantage of the general public . The situation in the District of Columbia with respect to the ...
... operate in those States having a so - called " blue sky " law may utilize the ex- isting situation to their advantage , but to the disadvantage of the general public . The situation in the District of Columbia with respect to the ...
Página 46
... operate in the District of Columbia . Applicants for li- censes as broker - dealers and agents may be required by the Public Service Com- mission to post surety bonds in amounts not exceeding $ 50,000 , on such conditions as the ...
... operate in the District of Columbia . Applicants for li- censes as broker - dealers and agents may be required by the Public Service Com- mission to post surety bonds in amounts not exceeding $ 50,000 , on such conditions as the ...
Página 50
... operate in most of the States . That means the chances are 1 in 3 that the unwary Washington investor may run into a broker - dealer who knows nothing about the business or who pays the rent with his customer's investment money or who ...
... operate in most of the States . That means the chances are 1 in 3 that the unwary Washington investor may run into a broker - dealer who knows nothing about the business or who pays the rent with his customer's investment money or who ...
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...