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Full-Text Articles in Law
Current Problems In Securities Regulation, Robert N. Dorosin, Ira J. Jaffe, Rolfe A. Worden, James C. Lockwood, Willoughby C. Johnson
Current Problems In Securities Regulation, Robert N. Dorosin, Ira J. Jaffe, Rolfe A. Worden, James C. Lockwood, Willoughby C. Johnson
Michigan Law Review
This comment analyzes four areas of central significance to adequate protection for the investor: (1) qualifications of those in the securities industry who deal with the public; (2) dissemination of corporate publicity; (3) dissemination of investment advice; and (4) selling practices in the securities industry. The findings and recommendations of the Special Study are given special attention insofar as they bear upon the problems covered. In certain areas, however, recent developments in court and Commission decisions have brought about changes equally as significant as the findings and recommendations of the Special Study. Thus each section covers the background and recent …
Over-The-Counter Market Quotations, Philip A. Loomis Jr., Eugene H. Rotberg
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 …