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 5
... aforementioned conditions lead to the question of whether some type of legislative action is called for . 84366-622 The District of Columbia , unlike virtually all of the SECURITIES REGULATIONS FOR THE DISTRICT OF COLUMBIA 5.
... aforementioned conditions lead to the question of whether some type of legislative action is called for . 84366-622 The District of Columbia , unlike virtually all of the SECURITIES REGULATIONS FOR THE DISTRICT OF COLUMBIA 5.
Página 9
... question as to our power to single out local broker - dealers under the Securities Exchange Act of 1934. Fur- thermore , our powers under the Exchange Act are limited ; by way of example , we cannot impose character and experience ...
... question as to our power to single out local broker - dealers under the Securities Exchange Act of 1934. Fur- thermore , our powers under the Exchange Act are limited ; by way of example , we cannot impose character and experience ...
Página 10
... question I want to raise is this : Was this necessary 25 years ago , or did it just develop in the last 3 years ? Mr. CARY . Mr. Chairman , we have made some inquiry and found that there was some legislation introduced in Congress ...
... question I want to raise is this : Was this necessary 25 years ago , or did it just develop in the last 3 years ? Mr. CARY . Mr. Chairman , we have made some inquiry and found that there was some legislation introduced in Congress ...
Página 11
... question at this time . Do you feel that your District office , your representatives here , have devoted their time to protecting the investors here in the District of Columbia during this quarter of a century when they should have been ...
... question at this time . Do you feel that your District office , your representatives here , have devoted their time to protecting the investors here in the District of Columbia during this quarter of a century when they should have been ...
Página 12
... question up . As you have indicated , our jurisdiction is broader under the Securities Act of 1933 with reference to the District than under the Securities and Exchange Act of 1934. Certain sections of the 1933 act also un- doubtedly ...
... question up . As you have indicated , our jurisdiction is broader under the Securities Act of 1933 with reference to the District than under the Securities and Exchange Act of 1934. Certain sections of the 1933 act also un- doubtedly ...
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...