Securities Activities of Commercial Banks, Hearings Before the Subcommitteeon Securities of ...,94-1 ...,December 9 and 10,1975.110:1:United States: Congress, Volúmenes22-231975 - 454 páginas |
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Página 8
... investment advisory services being examined are those where banks or affiliates of bank holding companies have acted as advisers to real estate investment trusts and closed - end investment companies . These are areas where the Board ...
... investment advisory services being examined are those where banks or affiliates of bank holding companies have acted as advisers to real estate investment trusts and closed - end investment companies . These are areas where the Board ...
Página 14
... invest- ment advisers are not registered under the Investment Advisers Act . They don't have to take the NASD test or any of these other things . But those accounts , as I stated in the testimony , are examined on an annual basis by ...
... invest- ment advisers are not registered under the Investment Advisers Act . They don't have to take the NASD test or any of these other things . But those accounts , as I stated in the testimony , are examined on an annual basis by ...
Página 32
... investment advice is uneconomic for small agency accounts , the banks can now economically manage small trust ... advisers to both open - end and closed - end investment companies.9 / In some cases , the banks have acted directly as ...
... investment advice is uneconomic for small agency accounts , the banks can now economically manage small trust ... advisers to both open - end and closed - end investment companies.9 / In some cases , the banks have acted directly as ...
Página 98
... investment services . 25 / Advisers to Investment Companies . Information submitted by the ICT indicated that as of December 12 , 1973 , the ICI was aware of at least 19 investment companies sponsored , organized , controlled and ...
... investment services . 25 / Advisers to Investment Companies . Information submitted by the ICT indicated that as of December 12 , 1973 , the ICI was aware of at least 19 investment companies sponsored , organized , controlled and ...
Página 100
... investment services compete with investment programs offered by the securities industry 30 / and that , in offering ... Advisers Act which excludes banks and bank holding companies from the definition of an " investment adviser . " 32 ...
... investment services compete with investment programs offered by the securities industry 30 / and that , in offering ... Advisers Act which excludes banks and bank holding companies from the definition of an " investment adviser . " 32 ...
Términos y frases comunes
advisory services agency accounts assets automatic investment services bank holding companies bank participation bank securities activities bank's Bankers banking activities banking industry banking system banks offering broker broker-dealer capital markets Chairman CIRT Clearing House commercial banks Committee common trust fund competition Comptroller conflicts of interest Cong Congress corporate Currency customers dealer dividend reinvestment plans economic examination exemption Federal Reserve System Federal securities laws fiduciary Glass-Steagall Act individual retirement accounts Investment Advisers Act investment advisory investment banking Investment Company Act Investment Company Institute investment management IRA trusts issuer issues Keogh Plans legislation loans ment Merrill Lynch municipal mutual fund NASD national banks NYSE operation permitted potential private placements prohibited purchase questions registered regulation regulatory requirements revenue bonds Securities Act securities and investment securities business securities industry securities markets security affiliates Security Pacific Senator WILLIAMS Study Outline Subcommittee tion transactions Trust Company trust department underwriting violations
Pasajes populares
Página 59 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin and bullion; by loaning money on personal security; and by obtaining, issuing and circulating notes according to the provisions of this Title.
Página 209 - The limitations and restrictions herein contained as to dealing in, underwriting and purchasing for its own account, investment securities shall not apply to obligations of the United States, or general obligations of any State or of any political subdivision thereof, or obligations issued under authority of the Federal Farm Loan Act, as amended, or issued by the thirteen banks for cooperatives or any of them or the Federal Home Loan Banks...
Página 148 - common trust fund" means a fund maintained by a bank (as defined in section 104) — (1) exclusively for the collective investment and reinvestment of moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian...
Página 216 - broker" is a person lawfully engaged in the business of effecting transactions in securities for the account of others.
Página 208 - Seventh. To exercise by its board of directors, or duly authorized officers or agents, all powers specifically granted by the provisions of this Act and such incidental, powers as shall be necessary to carry on the business of banking within the limitations prescribed by this Act.
Página 216 - States; such securities issued or guaranteed by corporations in which the United States has a direct or indirect interest...
Página 214 - ... controls in any manner the election of a majority of its directors, trustees, or other persons exercising similar functions...
Página 219 - ... cooperative association as defined in the Agricultural Marketing Act, approved June 15, 1929, as amended...
Página 216 - System shall, by such rules and regulations as it may deem necessary or appropriate in the public interest or for the protection of investors, exempt, either unconditionally or upon specified terms and conditions or for stated periods, from the operation of this subsection and the rules and regulations thereunder.
Página 219 - ... on which the issuer has total assets exceeding $1,000,000 and a class of equity security (other than an exempted security) held of record by...