Short Selling of Securities: Hearing Before the Committee on the Judiciary, House of Representatives, Seventy-Second Congress, First Session, on H.R. 4, H.R. 4604, H.R. 4638 [and] H.R. 4639 ...U.S. Government Printing Office, 1932 |
Common terms and phrases
answer ARON ban on short banks bear market bear raiding believe bill borrow broker bull market buyer cause CELLER cent Chairman CHRISTOPHERSON CONDON Congress contract corporation court declining prices delivery depression effect evil fact February 17 Federal Trade Commission gambling gentlemen George Tucker grain futures grain futures act hedging interstate commerce issue judgment LAGUARDIA legislation lend liquidation loan margin trading market value MCKEOWN MICHENER number of shares OLIVER operations opinion organized short selling PERKINS person practice President prevent Professor HUEBNER Professor STAGG profit prohibiting short selling purchase purpose question referred regulation Richard Whitney SABATH security market sell short September 11 shares of stock short position short sales situation sold short speculation statement stock market stock prices TARVER thing tion to-day transactions TUCKER United States Steel WHITNEY York Stock Exchange
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Էջ 3 - Any person, partnership or corporation may make application, and upon good cause shown may be allowed by the Commission to Intervene and appear in said proceeding by counsel or in person.
Էջ 3 - Upon such filing, the court shall cause notice thereof to be served upon such person, and thereupon shall have jurisdiction of the proceeding and of the question determined therein, and shall have power to grant such temporary relief or restraining order as it deems just and proper, and to make and enter upon the pleadings, testimony, and proceedings set forth in such transcript a de.cree enforcing, modifying, and enforcing as so modified, or setting aside in whole or in part the order of the Board.
Էջ 4 - If either party shall apply to the court for leave to adduce additional evidence, and shall show to the satisfaction of the court that such additional evidence is material and that there were reasonable grounds for the failure to adduce such evidence in the proceeding before the commission, the court may order such additional evidence to be taken before the commission and to be adduced upon the hearing in such manner and upon such terms and conditions as to the court may seem proper.
Էջ 46 - If, as has always been understood, the sovereignty of congress, though limited to specified objects, is plenary as to those objects, the power over commerce with foreign nations and among the several states is vested in congress as absolutely as it would be in a single government...
Էջ 4 - ... by filing in the court a written petition praying that the order of the commission or board be set aside.
Էջ 4 - The judgment and decree of the court shall be final, except that the same shall be subject to review by the Supreme Court upon certiorari as provided in section two hundred and forty of the Judicial Code.
Էջ 3 - Until a transcript of the record in such hearing shall have been filed in a circuit court of appeals of the United States, as hereinafter provided, the commission or board may at any time, upon such notice and in such manner as it shall deem proper, modify or set aside, in whole or in part, any report or any order made or issued by it under this section.
Էջ 3 - The findings of the commission or board as to the facts, if supported by testimony, shall be conclusive. If either party shall apply to the court for leave to adduce additional evidence, and shall show to the satisfaction of the court, that such additional evidence is material and that there were reasonable grounds for the failure to adduce such evidence in the proceeding before the commission...
Էջ 4 - Complaints, orders, and other processes of the commission or board under this section may be served by anyone duly authorized by the commission or board, either (a...
Էջ 3 - Act, it shall issue and serve upon such person a complaint stating its charges in that respect, and containing a notice of a hearing upon a day and at a place therein fixed at least thirty days after the service of said complaint. The person so complained of shall have the right to appear at the place and time so fixed and show cause why an order should not be entered by the commission or board requiring such person to cease and desist from the violation of the law so charged in said complaint.