Investment Advisers Act Amendments of 1976: Hearings Before the Subcommittee on Securities of the Committee on Banking, Housing and Urban Affairs, United States Senate, Ninety-fourth Congress, Second Session, on S. 2849 ... February 3 and 4, 1976
United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities
U.S. Government Printing Office, 1976 - 440 páginas
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action activities additional Administrative advice amend appear application appointed appropriate assets Association authority Bank believe bill Board of Directors broker-dealer capital Chairman charges Chartered clients Code Commission Committee competence concerning conduct CONGRESS corporation cost Court determine develop effect engaged establish Ethics examination Exchange experience fact Federation filed Financial Analysts firms Fund hearing held individual industry Institute interest Investment Advisers Act investment advisory investment counsel investors issue legislation limited Lincoln Management March matters meeting member society membership ment Note offer officers organization period persons portfolio practice present President proceedings professional proposed purchased qualifications reason Receiver recommendations records registration regulation relating represent requirements respect responsibility result rules Section securities security analyst Senator Senator WILLIAMS shareholders shares specific standards statement tion transactions violations York
Página 351 - ... fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe* his conduct was unlawful.
Página 351 - ... in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable for negligence or misconduct in the performance of his duty to the corporation unless and only to the extent that the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the court shall deem...
Página 340 - The act of a majority of the Directors present at a meeting at which a quorum is present shall be the act of the Board of Directors, unless the act of a greater number is required by law or by these By-Laws.
Página 289 - ... renders investment advice for a fee or other compensation, direct or indirect, with respect to any moneys or other property of such plan, or has any authority or responsibility to do so, or (iii) he has any discretionary authority or discretionary responsibility in the administration of such plan.
Página 351 - ... action or suit by or in the right of the Corporation to procure a judgment in its favor, by reason of the fact that he is or was a Director, officer, employee or agent of the Corporation, against expenses (including attorneys...
Página 277 - For the purposes of this subsection, the investment adviser of a registered investment company shall be deemed to have a fiduciary duty with respect to the receipt of compensation for services, or of payments of a material nature, paid by such registered investment company, or by the security holders thereof, to such investment adviser or any affiliated person of such investment adviser. An action may be brought under this subsection by the Commission, or by a security holder of such registered...
Página 10 - States shall have jurisdiction of violations of this chapter or the rules, regulations, or orders thereunder, and, concurrently with State and Territorial courts, of all suits in equity and actions at law brought to enforce any liability or duty created by, or to enjoin any violation of, this chapter or the rules, regulations, or orders thereunder.
Página 157 - ... (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 351 - A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation...