...preferences or advantages among investors." HR Conf. Rep. No. 94-229, p. 91 (1975). These provisions prohibit "those manipulative and deceptive practices which...been demonstrated to fulfill no useful function." S. Rep. No. 792, 73d Cong., 2d Sess., 6 (1934). An investor who purchases securities on the basis of...

...indicated within which the authority of such administrative authority may be exercised. • * • • * "In addition to the discretionary and elastic powers...These sanctions are found in sections 9, 10, and 16. Moreover, the power to withdraw Federal registration is not a sufficient guarantee that the rules and...

...specific reference to 5 10 in the Senate Report on the 1934 Act merely states that the section was "aimed at those manipulative and deceptive practices...been demonstrated to fulfill no useful function." S. Rep. No. 792, 73d Cong., 2d Sess., 6 (1934). "In addition to their principal argument that the complaint...

...in securities is fair and without undue preferences or advantages among investors" and to prohibit "those manipulative and deceptive practices which...been demonstrated to fulfill no useful function." Id. at 241. He felt that legitimate business practices would not be threatened because tender offerors...

...frequent Supreme Court approbation.105 However, it does comport with the congressional intent that "effective regulation must include several clear statutory...have been demonstrated to fulfill no useful function" and which are "detrimental to the interests of investors.""" As to the issues left unanswered by the...

...limits must be indicated within which the authority of such administrative authority may be exercised. In addition to the discretionary and elastic powers...These sanctions are found in sections 9, 10, and 16. Moreover, the power to withdraw Federal registration is not a sufficient guarantee that the rules and...