Washington, July 30, The Federal Trade Commission today made a ruling that the listing of a security on any United States stock exchange without also registering it with the commission might result in a violation of the Securities Act of 1933.
The ruling of the commission was made in connection with an $8,000, 000 issue of Brooklyn-Manhattan Transit Corporation 15-year six per cent. secured bonds, which were listed on the New York Stock Exchange, but which have not been registered with the commission. United Press.
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