The Mining Congress Journal March, Vol. 8: March, 1992 (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from The Mining Congress Journal March, Vol. 8: March, 1992

Mr. Woodruff suggested that the U. S. Might secure a simple and efficient protection against fraudulent securi ties transactions by adopting the British law, which pro vides that the enterprises seeking promotion shall file with the government its plan of action, costs, and a state ment of percentage of profits which the promoters will derive. He also suggested that securities be plainly stamped as treasury or_non-treasury, indicating the actual amount of the money going into the enterprise. He made the direct statement that many state blue sky laws are not accomplishing their desired results and said that only by Federal action can the states, which have found their own legislation unable to cope with the situa tion, secure protection.

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