State and Municipal Securities Regulations: Hearings Before the Committee on Interstate and Foreign Commerce, House of Representative, Seventy-ninth Congress, First Session, on H.R. 693, a Bill to Clarify the Application of the Securities Exchange Act of 1934 to Exempted Securities, and for Other PurposesU.S. Government Printing Office, 1945 - 130 páginas |
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Página 3
... define what were manipulative , deceptive , or otherwise , fraudulent contrivances . So in place of powers of regulation , Congress attempted to give the Commission merely a power ... power of definition ; the power to define what were ...
... define what were manipulative , deceptive , or otherwise , fraudulent contrivances . So in place of powers of regulation , Congress attempted to give the Commission merely a power ... power of definition ; the power to define what were ...
Página 4
... power contained in section 15 ( c ) ( 1 ) of the present Securities Exchange Act authorizing the Commission to define what constituted deceptive , manipulative , and otherwise fraudulent contrivances , and also by reference to certain ...
... power contained in section 15 ( c ) ( 1 ) of the present Securities Exchange Act authorizing the Commission to define what constituted deceptive , manipulative , and otherwise fraudulent contrivances , and also by reference to certain ...
Página 9
... power to define what are manipulative deceptive or otherwise fraudulent devices and con- trivances . It is a well - settled principle of constitutional law that a crime can only be defined by the legislative body and that the ...
... power to define what are manipulative deceptive or otherwise fraudulent devices and con- trivances . It is a well - settled principle of constitutional law that a crime can only be defined by the legislative body and that the ...
Página 11
... power of the Commission ? Mr. WOOD . Yes , sir . Even Commissioner Landis ... powers of regulation ? Mr. WOOD . Yes , sir . Mr. BOREN . Now here we are just ... define that which was not fraudulent , Congress refused to do that and ...
... power of the Commission ? Mr. WOOD . Yes , sir . Even Commissioner Landis ... powers of regulation ? Mr. WOOD . Yes , sir . Mr. BOREN . Now here we are just ... define that which was not fraudulent , Congress refused to do that and ...
Página 12
... power to define what these devices are . Now , the Commission did not want that . What they wanted in that second sentence , what they desired , was that they should have the power to enact regulations to prevent these things from ...
... power to define what these devices are . Now , the Commission did not want that . What they wanted in that second sentence , what they desired , was that they should have the power to enact regulations to prevent these things from ...
Términos y frases comunes
adopted amendment applicable to exempted apply asked price authority banks bid and asked Boren bill broker or dealer brokers and dealers BROWN BULWINKLE buyers CHAIRMAN CLARENCE F Commission's committee County crime dealings in municipal deceptive device or contrivance effect enacted Exchange Commission fraud fraudulent device funds going HAGERMAN HARRIS HINSHAW industry intention of Congress interest Interstate and Foreign investors ipal issuance legislation LYLE H maturities municipal bonds municipal financing municipal securities MURPHY national securities exchange O'HARA O'KEEFE offered Ohio opinion otherwise fraudulent percent power to define private securities promulgated proposed rule provisions PURCELL purchase or sale purpose question registration require rules and regulations secondary market section 15 Securities Act Securities and Exchange Securities Exchange Act security financing sell sentence sold statement statute thing tion trading transactions in municipal United WEIGOLD WOLVERTON WOOD York City
Pasajes populares
Página 103 - No broker or dealer shall make use of the mails or of any means or instrumentality of interstate commerce to effect any transaction in, or to induce or attempt to induce the purchase or sale of, any security (other than an exempted security or commercial paper, bankers...
Página 102 - To use or employ, in connection with the purchase or sale of any security registered on a national securities exchange or any security not so registered, any manipulative or deceptive device or contrivance in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors.
Página 103 - ... acceptances, or commercial bills) otherwise than on a national securities exchange, by means of any manipulative, deceptive, or other fraudulent device or contrivance. The Commission shall, for the purposes of this subsection, by rules and regulations define such devices or contrivances as are manipulative, deceptive, or otherwise fraudulent.
Página 101 - ... (1) to employ any device, scheme, or artifice to defraud, (2) 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 .3) to engage in any act, practice or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security.
Página 108 - ... at the market" or at a price related to the market price unless such broker or dealer knows or has reasonable grounds to believe that a market for such security exists other than that made, created, or controlled by him, or by any person for whom he is acting or with whom he is associated in such distribution, or by any person controlled by, controlling, or under common control with him.
Página 108 - manipulative, deceptive, or other fraudulent device or contrivance," as used In Section 15 (c) (1) of the Act, Is hereby defined to Include any...
Página 101 - ... (a) Any security issued or guaranteed by the United States or any Territory or insular possession thereof, or by the District of Columbia, or by any State of the United States or political subdivision or agency thereof.
Página 108 - ... dealer or his agent or employee is vested with any discretionary power any transactions of purchase or sale which are excessive in size or frequency in view of the financial resources and character of such account. (b) The term "manipulative, deceptive, or other fraudulent device or contrivance...
Página 77 - Cong.) of the Interstate and Foreign Commerce Committee of the House of Representatives of the United States of which the Hon.
Página 102 - It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any national securities exchange, "(a) To employ any device, scheme, or artifice to defraud.