Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 376 new people
  • 171 new organizations
  • 408 new photos
  • 1234 job history records for people in our database
  • 653 education records for people in our database
  • 1467 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 3 new people through the revolving door
  • 109 new policy reports
  • 43 new trips to our privately funded travel database
  • 629 new personal financial disclosures
  • 15148 new press releases
  • 11 new town halls
  • 25 new hearings

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

The Buyer Beware: Loss Through Investment

  Premium   Download PDF Now (4 pages)
Report Type Reports and Testimonies
Report Date Jan. 1, 1981
Report No. 114272
Subject
Summary:

A recent GAO assignment found that investors have lost millions of dollars to unscrupulous promoters selling securities on the basis of misleading information. These promoters, misusing an exemption from Federal securities requirements to avoid registration with the Securities and Exchange Commission (SEC), have swindled the investing public. The law permits a number of exemptions, one of which is for transactions by an issuer not involving any public offering. The issuer can sell securities without registering with SEC to persons who are deemed not in need of the protection of the Federal securities law. GAO developed a database to determine the magnitude of investor losses. Many of the investors who lost their money were subjected to high-pressure sales techniques. Misuse of the private placement exemption is difficult for SEC to control. Enforcement is hampered by a variety of reasons which center on the vagueness of the Securities Act and the legal questions concerning SEC authority. It is important to investigate before investing.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com