Securities Regulations for the District of Columbia: Hearing Before a Subcommittee of the Committee on Interstate and Foreign Commerce, House of Representatives, Eighty-seventh Congress, Second Session on Discussion of the Securities Regulations for the District of Columbia, May 21, 1962U.S. Government Printing Office, 1962 - 59 páginas |
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Página 15
... customers . We will be glad to consider this particular problem . It may well be , Congressman Keith , that it becomes more significant in view of the statement made in the newspaper I noticed this morning - in perhaps which you have ...
... customers . We will be glad to consider this particular problem . It may well be , Congressman Keith , that it becomes more significant in view of the statement made in the newspaper I noticed this morning - in perhaps which you have ...
Página 37
... customer , or client any representation inconsistent with subsec- tion ( a ) . SEC . 306. ADMINISTRATION OF REGULATIONS .- ( a ) These regulations shall be administered by the Director , Department of Licenses and Inspections . ( b ) It ...
... customer , or client any representation inconsistent with subsec- tion ( a ) . SEC . 306. ADMINISTRATION OF REGULATIONS .- ( a ) These regulations shall be administered by the Director , Department of Licenses and Inspections . ( b ) It ...
Página 49
... customer's investment money or who applies high- pressure tactics to sell questionable stocks . The present danger to Washington investors is emerging in investigations con- ducted by the Securities and Exchange Commission , the ...
... customer's investment money or who applies high- pressure tactics to sell questionable stocks . The present danger to Washington investors is emerging in investigations con- ducted by the Securities and Exchange Commission , the ...
Página 50
... customers were caught in the collapse of one firm last year and their experience has been dupli- cated on a smaller scale by the customers of other firms . These newcomer firms have opened their doors with promotional fanfare , ac ...
... customers were caught in the collapse of one firm last year and their experience has been dupli- cated on a smaller scale by the customers of other firms . These newcomer firms have opened their doors with promotional fanfare , ac ...
Página 51
... customers ' money to buy stocks . Their lack of experience in the business is equally apparent - and as potentially harmful to the customers . EXPERIENCE LACK SHOWN Of the 45 firms who have registered with the SEC since the start of ...
... customers ' money to buy stocks . Their lack of experience in the business is equally apparent - and as potentially harmful to the customers . EXPERIENCE LACK SHOWN Of the 45 firms who have registered with the SEC since the start of ...
Términos y frases comunes
action administrator agent amendment American Diversified applicant for licensing Association of Securities authority better business bureau blue sky broker CARY certificates Chairman Commissioners committee Congress Corporation Counsel correct customers Director District government District of Columbia draft effective enforcement evidence Exchange Act Exchange Commission experience Federal filed fraud fraudulent FULTON HASTINGS KEITH HEMPHILL interest interstate commerce investigation investment adviser investment firms Investors Beware issued JOHN JARMAN jurisdiction KEITH KNEIPP KORMAN legislation licensed broker-dealer licensing of broker-dealers LOOMIS MACK Maryland ment Miriam Ottenberg NASD National Association offer operate percent person present problem proceeding promoters provisions recommendation regional office registration require respect revocation revoked salesmen section 15 Securities and Exchange securities business Securities Dealers securities regulation sell situation statement STUART LAW subcommittee surety bond tion transaction Uniform Securities Act unlawful violation Virginia Wallace H Washington D.C. Washington Star
Pasajes populares
Página 31 - 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 33 - ... (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 the light of the circumstances under which they were made, not misleading, or (3) to engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser.
Página 33 - For the purpose of any such investigation, or any other proceeding under this title, any member of the Commission or any officer designated by it is empowered to administer oaths and affirmations, subpoena 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 33 - 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 29 - broker" means any person engaged in the business of effecting transactions in securities for the account of others, but does not include a bank. (5) The term "dealer...
Página 31 - Any note, draft, bill of exchange or banker's acceptance which arises out of a current transaction or the proceeds of which have been or are to be used for current transactions...
Página 33 - ... and may require or permit any person to file with it a statement in writing, under oath or otherwise as the Commission shall determine, as to all the facts and circumstances concerning the matter to be investigated.
Página 36 - ... 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 35 - Commission, 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 31 - ... security," or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing. "Security...