Stock Exchange Regulation: Hearing[s] Before the Committee on Interstate and Foreign Commerce, House of Representatives, Seventy-third Congress, Second Session, on H.R. 7852, to Provide for the Registration of National Securities Exchanges Operating in Interstate and Foreign Commerce and Through the Mails and to Prevent Inequitable and Unfair Practices on Such Exchanges, and for Other Purposes; H.R. 8720, to Provide for the Regulation of National Securities Exchanges and of Over-counter Markets Operating in Interstate and Foreign Commerce Or Through the Mails, and to Prevent Inequitable and Unfair Practice Thereon, and for Other Purposes. February 14 to March 24, 1934U.S. Government Printing Office, 1934 - 941ÆäÀÌÁö |
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Mr. KENNEY . Would not such legislation require the broker to exact a higher
margin from his customers , and tend to keep the little fellows out of the market ?
Mr. CORCORAN . Well , that is true . Mr. KENNEY . Suppose that I had $ 350 on ...
Mr. KENNEY . Would not such legislation require the broker to exact a higher
margin from his customers , and tend to keep the little fellows out of the market ?
Mr. CORCORAN . Well , that is true . Mr. KENNEY . Suppose that I had $ 350 on ...
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I think that would be true . Mr. KENNEY . And , of course , that had the effect of
unstabilizing the market ? Mr. WHITNEY . Yes , sir . Mr. KENNEY . Do you think
you could get along without the little fellow in your operations in the stock market
?
I think that would be true . Mr. KENNEY . And , of course , that had the effect of
unstabilizing the market ? Mr. WHITNEY . Yes , sir . Mr. KENNEY . Do you think
you could get along without the little fellow in your operations in the stock market
?
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Mr. KENNEY . And , if the stock dropped before the end of the day , the broker
would call upon me ? Mr. O'BRIEN . He would not for that . Mr. KENNEY . How far
could the stock fall without the broker calling on me for further margin ?
Mr. KENNEY . And , if the stock dropped before the end of the day , the broker
would call upon me ? Mr. O'BRIEN . He would not for that . Mr. KENNEY . How far
could the stock fall without the broker calling on me for further margin ?
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Mr. KENNEY . Yes . Mr. O'BRIEN . Then , he has got to bring it down to 30 percent
. They may not have to sell all of his securities . Mr. KENNEY . He might be
notified the next day that he would have to put up more margins , and if he could
not ...
Mr. KENNEY . Yes . Mr. O'BRIEN . Then , he has got to bring it down to 30 percent
. They may not have to sell all of his securities . Mr. KENNEY . He might be
notified the next day that he would have to put up more margins , and if he could
not ...
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Mr. KENNEY . And the next day if the price of the stock went down a point , under
this law , he would be immediately sold out ? Mr. O'BRIEN . You would not sell it
all out . Mr. KENNEY . Would you not have to sell it out ? Mr. O'BRIEN . No.
Mr. KENNEY . And the next day if the price of the stock went down a point , under
this law , he would be immediately sold out ? Mr. O'BRIEN . You would not sell it
all out . Mr. KENNEY . Would you not have to sell it out ? Mr. O'BRIEN . No.
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7 ÆäÀÌÁö - Commission shall be final, subject to review by the Supreme Court of the United States upon certiorari or certification as provided in sections 239 and 240 of the Judicial Code, as amended (USC, title 28, sees. 346 and 347).
7 ÆäÀÌÁö - Circuit Court of Appeals of the United States, within any circuit wherein such person resides or has his principal place of business, or in the United States Court of Appeals for the District of Columbia...
566 ÆäÀÌÁö - If any provision of this Act, or the application of such provision to any person or circumstance, shall be held invalid, the remainder of this Act, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby. SEC. 16. This Act may be cited as the "National Labor Relations Act.
273 ÆäÀÌÁö - broker" means any person engaged in the business of effecting transactions in securities for the account of others, but does not include a bank. (5) The term "dealer" means any person engaged in the business of buying and selling securities for his own account, through a broker or otherwise, but does not include a bank, or any person insofar as he buys or sells securities for his own account, either individually or in some fiduciary capacity, but not as a part of a regular business. (6) The term...
7 ÆäÀÌÁö - Individual shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he Is compelled, after having claimed his privilege against self-incrimination, to testify or produce evidence, except that such individual so testifying shall not be exempt from prosecution and punishment for perjury committed in so testifying.
238 ÆäÀÌÁö - The making of goods and the mining of coal are not commerce, nor does the fact that these things are to be afterwards shipped or used in interstate commerce, make their production a part thereof.
547 ÆäÀÌÁö - ... any note, draft, bill of exchange, or banker's acceptance which has a maturity at the time of issuance of not exceeding nine months, exclusive of days of grace, or any renewal thereof the maturity of which is likewise limited. (11) The term "equity security...
538 ÆäÀÌÁö - As used in this paragraph the term "issuer" shall include, in addition to an issuer, any person directly or indirectly controlling or controlled by the issuer, or any person under direct or indirect common control with the issuer.
3 ÆäÀÌÁö - 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 facility of any national securities exchange...