Trading in Unlisted Securities Upon Exchanges: Hearing Before the Committee on Banking and Currency, United States Senate, Seventy-fourth Congress, Second Session, on S. 4023, a Bill on Trading in Unlisted Securities Upon National Securities ExchangesU.S. Government Printing Office, 1936 |
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Common terms and phrases
adequate admitted to unlisted amended bank stocks bill bonds Boston Stock Exchange buyers Chairman Commissioner Commissioner Landis committee Congress continue corporation counter deal Exchange Commission exchange market exchange trading extend unlisted trading February 24 half-listed hearing houses issue issuer KENDALL LANDIS legislation LOCKWOOD national securities exchange over-the over-the-counter business over-the-counter dealers over-the-counter market over-the-counter securities over-the-counter trading Philadelphia Stock Exchange PIZZINI problem proposed protection of investors public interest question quotations reference secondary market section 15 Securities Act Securities and Exchange Securities Exchange Act securities upon exchanges sell Senator ADAMS Senator BULKLEY Senator COUZENS Senator GLASS Senator GORE Senator MALONEY Senator WAGNER presiding shares smaller exchanges speculation statement the-counter thing tion trading in unlisted trading on exchanges transactions TROSTER type of security unlisted securities unlisted trading privileges York Curb Exchange York Stock Exchange
Popular passages
Page 39 - 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 the purchase or sale of, any security (other than commercial paper, bankers...
Page 39 - ... 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.
Page 28 - No provision of this title imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule or regulation of the Commission, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.
Page 39 - ... from engaging in or continuing any conduct or practice in connection with any such activity, or in connection with the purchase or sale of any...
Page 37 - States the sum of $100 for each and every day of the continuance of such failure, which forfeiture shall be payable into the Treasury of the United States, and shall be recoverable in a civil suit in the name of the United States...
Page 27 - System shall, by such rules and regulations as it may deem necessary or appropriate in the public interest or for the protection of investors, exempt, either unconditionally or upon specified terms and conditions or for stated periods, from the operation of this subsection and the rules and regulations thereunder.
Page 27 - ... interest in the question of termination or suspension of such unlisted trading privileges, or on its own motion, the Commission shall by order terminate, or suspend for a period not exceeding twelve months, such unlisted trading privileges for such security if the Commission finds, after appropriate notice and opportunity for hearing, that...
Page 39 - Act, the Securities Act of 1933, or the Securities Exchange Act of 1934, if such statement is true in fact and if the effect of such registration is not misrepresented.
Page 38 - It shall be unlawful for any broker or dealer, directly or indirectly, to make use of the mails or of any means or instrumentality of interstate commerce...
Page 38 - ... the issuer and any person directly or indirectly controlling or controlled by, or under direct or indirect common control with...