Show NEW BLUE SKY regulations stock exchanges in utah may now be regulated by the state securities commission governor charles R mabey having signed the bill passed by the fourteenth legislature i re which provides as follows no organization of one or more individuals shall organize or conduct a public stock exchange for the purpose of buying or selling kellim stocks and bonds with or aitho without ut the pa payment y of commission or brokerage without first obtaining the sanction of the commission and the commission shall have full power to impose such conditions and regulations for the operation as they may see fit violations of this law renders the individual or individuals operating such exchange without the authority of the commission liable to a fine of for each and every day that it is operated without aitho u t h a license other changes made in the blue sky law exempt mutual building and loan associations ciati ons from the operation of the law when there is no preference in the division of profits of such companies place any CO PaTt ner ship trust joint stock association or common law company within the explicit wording of the act thus dealing with an oil 0 promotion situation that proved considerable in I 1 of a problem to the former commission fee which 1 is one oile creases maximum filing tenth of 1 per cent of the stock to be solo old from 50 to and increases the dealers dealer filing fee from 10 to 25 it is provided that agents licenses shall run for one year instead of all expiring may 1 as under the present law |