Trust in Securities Act Quotes

The present law removes all responsibility from the purchaser and fosters litigation. It invites nuisance suits and spurious claims.

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Frank Gordon, president of the Investment Bankers Association
410310/31/1933 | Full Details | Law(s): Trust in Securities Act

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.

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Frank Gordon, president of the Investment Bankers Association
410210/31/1933 | Full Details | Law(s): Trust in Securities Act