Action Needed To Better Protect Investors From Fraud In Purchasing Privately Placed Securities V. FGMSD-80-56

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FGMSD-80-56 1 (1980-05-14)

handle is hein.gao/gaobabaoj0001 and id is 1 raw text is:

BY THE COMPTROLLER GENERAL

Report To The Congress

OF THE UNITED STATES

Action Needed To Better Protect Investors

From Fraud In Purchasing

Privately Placed Securities

Investors are being defrauded of hundreds of
millions of dollars--sometimes their life sav-
ings--by buying securities purported to be
privately placed and therefore exempt from
registration with the Securities and Exchange
Commission.

GAO offers several options for the Congress
to consider in amending the Securities Act
of 1933 to better protect investors while
continuing to allow legitimate businesses
to raise capital through privately placed
securities.

112326

0 FGMSD-80-56
I t MAY 14, 1980

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