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Securities Law Commons

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University of Michigan Law School

1964

Retail quotation

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Full-Text Articles in Securities Law

Rule 10b-6: The Special Study's Rediscovered Rule, Jack M. Whitney Ii Feb 1964

Rule 10b-6: The Special Study's Rediscovered Rule, Jack M. Whitney Ii

Michigan Law Review

An attempt either to assign responsibility for the breakdown in communication or to secure a quantitative measure of the consequences of that breakdown would be bootless. I attempt here only to pinpoint some of the areas of seeming ambiguity within the rule, and to consider them in light of a variety of situations wherein, it is hoped, the problems will become clearer and more precise, thus facilitating the consideration of whether solutions are needed and what form they should take.


Over-The-Counter Market Quotations, Philip A. Loomis Jr., Eugene H. Rotberg Feb 1964

Over-The-Counter Market Quotations, Philip A. Loomis Jr., Eugene H. Rotberg

Michigan Law Review

Chapter VII of the Report of Special Study of Securities Markets of the Securities and Exchange Commission focused attention upon the little understood and often perplexing problems presented by the quotations for over-the-counter stocks which appear regularly in the newspapers-the so-called retail quotations system. The Report was quite critical of the existing retail quotations system, concluding that it was inconsistent with the general philosophy of full disclosure elsewhere applied in the administration of the federal securities laws and, in fact, operated "to conceal what elsewhere in the securities business is considered essential to be disclosed." While there does not appear …