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, 1976U.S. Government Printing Office, 1976 - 440 pages |
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accused Administrative advice amend application appointed appropriate authority Bank bill Board of Directors broker broker-dealer By-Laws capital Chairman Chartered Financial Analysts clients CNTV Code of Ethics CONGRESS THE LIBRARY corporation Court delegates determine disciplinary Ethics and Standards examination Exchange Commission exemption filed Financial Analysts Federation financial responsibility Fund's hearing industry Institute of Chartered Interscan Investment Advisers Act investment advisory Investment Company Investment Company Institute investment counsel Investment Management investors junior Kardar legislation Lincoln Management March 20 member firms member society membership mutual funds NASD net asset value officers persons portfolio management proceedings Professional Conduct proposed public interest purchased qualifications Receiver recommendations redemption registered investment adviser registration regulation regulatory Reid requirements rules Securities and Exchange Securities Exchange Act security analyst self-regulatory organization Senator WILLIAMS SHAMROCK FUND shareholders shares statement thereof tion transactions violations York York Stock Exchange
Popular passages
Page 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.
Page 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...
Page 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.
Page 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.
Page 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...
Page 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...
Page 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.
Page 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.
Page 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...
Page 389 - USC 80b-l-80b-21) provides that persons who, for compensation, engage in the business of advising others with respect to their security transactions must register with the Commission. The...