EXPANSION OF FEDERAL SUPERVISION OF SECURITIES THROUGH THE INQUISITIONAL AND CENSUS POWERS OF CONGRESS-A SUGGESTION

Authors

Kenneth Rush, Member of the New York bar

Abstract

The Securities Act and the Securities Exchange Act, principally through the means of compulsory disclosure of information, are intended to aid the investing public in evaluating securities and to prevent the undue influencing of their value, market price and sale. These ends are undoubtedly worth seeking in their entirety, but such is the nature of our federal system that the acts, being founded upon the powers of Congress over the facilities of interstate commerce and of the mails, purport to relate only to transactions in securities involving use of those facilities.

Recommended Citation

Kenneth Rush, EXPANSION OF FEDERAL SUPERVISION OF SECURITIES THROUGH THE INQUISITIONAL AND CENSUS POWERS OF CONGRESS-A SUGGESTION, 36 Mich. L. Rev. 409 (1938).
Available at: https://repository.law.umich.edu/mlr/vol36/iss3/4