Washington, Feb. 4.
A high official of the Securities and Exchange Commission said here to-day that the Commission would recommend to Congress within a month strict Government regulation of investment companies.
Because of the business recession, however, he believed the Commission would recommend that investment companies be permitted to participate in underwritings ta help finance new industries.
It was understood that the SEC. would seek authority to force at investment companies to register in the same manner as is required of utility holdings companies under present regulations.—United Press.
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