CFTC Regulatory Authority Review: Hearings Before the Subcommittee on Conservation and Credit of the Committee on Agriculture, House of Representatives, Ninety-sixth Congress, Second Session, February 12, May 21, 22, and 29, 1980

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Página 36 - Commission shall maintain communications with the Department of the Treasury, the Board of Governors of the Federal Reserve System, and the Securities and Exchange Commission for the purpose of keeping such agencies fully informed of Commission activities that relate to the responsibilities of those agencies...
Página 36 - When a board of trade applies for designation as a contract market involving transactions for future delivery of any security issued or guaranteed by the United States or any agency thereof, the...
Página 400 - System shall, prior to the effective date of this section and from time to time thereafter, prescribe rules and regulations with respect to the amount of credit that may be initially extended and subsequently maintained on any security...
Página 190 - Hearings before the Subcommittee on Conservation and Credit of the House Committee on Agriculture, 95th Congress, 2d Session 500 (1978) (Statement of Walter W.
Página 389 - For the purpose of preventing the excessive use of credit for the purchase or carrying of securities...
Página 233 - WALSH. Mr. Chairman and members of the committee, I am pleased to have this opportunity to appear before you today. I would like to thank the committee for inviting me to testify regarding recent events in the silver market, most particularly the repercussions to the investor holding contracts following the actions of the exchanges on or before January 21, 1980. I am Brian T. Walsh, 135 Loring Avenue, Salem, Mass.
Página 389 - ... with respect to the amount of credit that may be initially extended and subsequently maintained on any security (other than an exempted security) registered on a national securities exchange.
Página 208 - commodity," securities which are subject to the registration provisions of the Securities Act of 1933 and any index composed of such security or an aggregate of such securities. By doing so, the amendment would refocus responsibility over futures on stocks, stock indexes, and corporate debt instruments in a manner which I believe would provide for a more effective regulatory scheme.
Página 352 - ... lowest possible margins consistent with safety. Low margins mean low costs — higher credit margins or higher" futures margins necessarily mean higher costs, reflected in higher gross margins of processors and merchants. The sole purpose of either credit margins or futures margins is to provide safety. Considered against the background of even this minimal understanding of the system, the provisions of HR 11788 pertaining to margins must be unalterably opposed as reflecting lack of understanding,...
Página 441 - The Honorable Benjamin S. Rosenthal Chairman Subcommittee on Commerce, Consumer and Monetary Affairs Committee on Government Operations House of Representatives Washington, DC 20515 Dear Mr.

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