CHECK ON FRAUDS
BRITISH LEGISLATION "SHARE PUSHING" EVIL British Wireless RUGBY. Nov. 22 The support of all parties in the House of Commons and approval by a representative of the City of London was given last evening to the Government's bill to check the activities of fraudulent "share pushers," which received an unopposed second reading in the House. The president of the Board of Trade, Mr. Oliver Stanley, said he was astonished more by tho intelligence of the criminals than by the gullibility of their victims. A total of about £5,000,000 annually was being lost as a result of these frauds. The fundamental provision of the bill is a scheme for licensing dealers in securities, and the law on fraud 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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Bibliographic details
New Zealand Herald, Volume LXXV, Issue 23203, 24 November 1938, Page 14
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142CHECK ON FRAUDS New Zealand Herald, Volume LXXV, Issue 23203, 24 November 1938, Page 14
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