Trust in Securities Act
Cry Wolf Quotes
No corporation director is going to risk existing resources by putting his name on financing under a law that makes him personally liable for the next ten years and adopts the unprecedented principle that he is to be judged guilty unless he can be proven innocent.
-
Frank Gordon, president of the Investment Bankers Association
The present law removes all responsibility from the purchaser and fosters litigation. It invites nuisance suits and spurious claims.
-
Frank Gordon, president of the Investment Bankers Association