Securities Regulatory Equality: Hearing Before the Subcommittee on Telecommunications and Finance of the Committee on Energy and Commerce, House of Representatives, One Hundred Third Congress, Second Session, on H.R. 3447, a Bill to Amend the Federal Securities Laws to Equalize the Regulatory Treatment of Participants in the Securities Industry, April 14, 1994, Volume 4U.S. Government Printing Office, 1994 - 285 pages |
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Page 55 - See, eg. Testimony of James R. Doty Before the Subcommittee on Telecommunications and Finance of the House Committee on Energy and Commerce Concerning Proposed Amendments to the Securities Exchange Act of 1934 (August 2, 1990); Memorandum of the SEC for the Task Group on the Regulation of Financial Services
Page 106 - banks to establish operating subsidiaries is based on the National Bank Act That Act allows banks to exercise certain enumerated powers and "all such incidental powers as shall be necessary to carry on the business
Page 103 - Act placed limitations on certain securities activities of banks, this provision specifically preserved banks' power to broker such securities "solely upon the order, and for the account of, customers, and in no case for its own account
Page 40 - Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Office of Thrift Supervision, "Interagency Statement on Retail Sales of Nondeposit Investment Products
Page 33 - Exchange Regulation: Hearings on HR 7852 and HR 8720 Before the House Comm. on Interstate and Foreign Commerce. 73d Cong., 2d Sess. 86 (Feb. 16, 1934) (statement of Thomas G. Corcoran, an administration spokesman and a principal drafter of the Exchange Act).
Page 231 - that all advertisements containing performance information concerning money market funds and prospectuses for such funds disclose that: (1) an investment in the fund is neither insured nor guaranteed by the US Government and (2) there can be no assurance that the fund will be able to maintain a stable net asset value of $1.00 per share.
Page 203 - investment banks, brokers, dealers and mutual fund companies, as well as other firms functioning on the floors of the exchange. SIA members are active in all exchange markets, in the over-the-counter markets and in all phases of corporate and public finance. Collectively, they provide investors with a full spectrum of securities and investment services and account for about 90%
Page 187 - Testimony of Arthur Levitt, Chairman of the US. Securities and Exchange Commission Before the Subcommittee on Securities of the Senate Committee on Banking and Urban Affairs, November 10,1993. 5 Source: Investment Company Institute.
Page 51 - would give the Commission general authority to exempt conditionally or unconditionally any person or class of persons from the definitions of broker or dealer (or from the requirement that bank securities activities be placed in a separate corporate entity) if the Commission finds such an exemption would be consistent with the public interest, the protection of investors, and the purposes of the Act. We
Page 55 - and Testimony of Richard C. Breeden Before the Subcommittee on Telecommunications and Finance of the House Committee on Energy and Commerce Concerning Proposed