Corporate Publicity For Protection Of Investors

Archive Report

Corporate Publicity for Protection of Investors

The Three most pressing problems dealt with in the Securities Exchange Act of 1934, according to the report on that legislation of the Senate Banking and Currency Committee, were (1) the excessive use of credit for speculation, (2) the unfair practices employed in speculation, and (3) “the secrecy surrounding the financial condition of corporations which invite the public to purchase their securities.” The provisions of the act which attempt solutions for the first and second of these problems are now in full force and effect. Provisions which set up machinery for making available to the public all facts concerning the financial condition of corporations about which “an average prudent investor ought reasonably to be informed” will come into effect ...

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