STOCK EXCHANGE FRAUDS.
SUGGESTED PREVENTATIVE. (United Press Association—By Electric Telegraph—Copyright.! (Received February 21. 5.5 p.m.) TORONTO, February 20. A seven year term of imprisonment for brokers found guilty of accepting clients’ money, but gambling against them by not making stock- purchases, is a feature of a recommendation by the Attorney-General of four provinces for new legislation, which aims at preventing stock exchange frauds. The Attorney-General also recommended compulsory written confirmation to customers of all purchases and sales, with the time of transaction. The proposal awaits ratification by the four legislatures concerned.
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Bibliographic details
Timaru Herald, Volume CXXV, Issue 18500, 22 February 1930, Page 17 (Supplement)
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91STOCK EXCHANGE FRAUDS. Timaru Herald, Volume CXXV, Issue 18500, 22 February 1930, Page 17 (Supplement)
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