SHARE PUSHING FRAUDS
RESPONSIBLE FOR £5,000,000 LOSSES ANNUALLY BILL TO CHECK PRACTICE (British Official Wireless.) Press Association—By Telegraph Coypright RUGBY, November 22. (Received November 23, at noon) The support of all parties in the House of Commons, and approval by the representatives of the City of London have, been given the Governments Bill to check the activities of fraudulent “share pushers',” which received unopposed, its second reading last night. Mr Oliver Stanley (president of the Board of Trade) said he was astonished more by the intelligence of the criminals than by the gullibility of their victims. ■ some £5,000,000 annually was being lost as the result of these frauds. The fundamental provision of,.the Bill is a scheme for, licensing dealers in securities, and the law on is strengthened to make it no less criminal to deceive by an intentional false promise or ■ forecast than by a. false statement.
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Evening Star, Issue 23122, 23 November 1938, Page 11
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147SHARE PUSHING FRAUDS Evening Star, Issue 23122, 23 November 1938, Page 11
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