Show BLUE SKY FOR COLORADAS Six Laws Lars Are Arc Introduced to Govern Future Selling of Stocks Advices Ad from Denver are arc that halt half halfa a dozen different proposed new laws been regulating stock feln selling have presented at tho the legislature now In session and the tho Indications are aro that ono one of ot them will wi likely become a 0 law Ono One of oC the measures Intro Introduced In tho house that Is designed to prevent pre fraud in the sale of stocks In mining oil oU and other activities is that b by Representatives Brand and Fairfield It I Is Ia J tho the only measure among tho the fio ho hoor or si six being being- considered that does docs not create a n securities commission or es establish cs- cs I tho thern of office nee of securities corn com com I mu missioner Issi The plan calls cans for tor the filing b by tho the of ot of oC tho securities to tobe tobe tobo company a a copy COP be bo promoted and a copy of oC an any general generl gen gen- prospectus to be used I eral cral erl or public le of or in connection with tho tIme promotion stocks These documents must be filed wih with tho the secretary o of states state's office before the tho company can proceed with Us its 19 sales A filing tUng fee fco of oC 10 0 Is Js asked Tho The plans and amid statements of ot tIme the companies under tho the Girard bill bUI tIme the to inspection by would b be open public at tho the capitol during office hours houra I E cr Every person who sells fels A. A the stock credentials in his lila must have o certified posses possession lon at at all al times to prove o to that the sa satisfaction of or the purchaser tho plans o of tho time ent enterprise have been passed upon l by the tho secretary of or states state's office An extra charge chargo is to ho bo made mado l certificates for tor tho the issuance of oC these Included in Imi tho the definition of or the tho term speculative securities 1 Is a n provision provision provision pro pro- vision which recognizes securities Into tho the sp specified par value of which tho the clement element of or chanco chance or hazard of or orP P e culat profit or possible loss docs does not nol equal or predominate over the tho ole olo- mont of ot reasonable certainty safety and In Investment I The act would affect all aU securities for fOI promoting the tho sale of oC which a commission slon of oC more than titan 5 per tent ent is offered or paid i An Any person who is 18 convicted of a 1 misdemeanor in connection with wih the tho statements documents doe doc filing of or any false or fUng is subjected to a fine of or 1000 or 01 Imprisonment in tho the county count Jail Jai for tor not more moro than tItan ono one year CI CIA A like liko penalty would bo be Imposed upon any pcr person on who sold oh stocks J. J through h misrepresentation |