Salt Lake Telegram | 1934-04-18 | Page 2 | Leaders to Discuss Act Modifications

LEADERS TO DISCUSS ACT MODIFICATIONS Meet Set on an Possible Changes in Securities Law WASHINGTON April 18 Rep P ham D D. Nev chairman of the house nonferrous metals group said Wednesday he had arranged a meeting with Federal Trade Commissioner James M M. Lan dis late Wednesday for tor a discus discus' ion ot of suggested changes in the securities ties act acl Commissioner Landis has drawn up upa a statement or of the extent to which the administration will consent to modification of at the act The nonferrous metals group at ata a recent mass meeting contended that provisions ot of the act paralyzed ming min ing in development The president It was learned authoritatively au au- has interested himself in the suggestions of the house group that the act be modified to exempt from its provisions mining companies companies compa- compa nies capitalized at less than and to make more lenient penal pro visions for tor misstatements in the filing fil fil- ing of applications for stock issues Representative ham said he was hopeful his conference with Commissioner Com Com- missioner Landis would give the group some idea o of what may be ex ex- I petted to result from its campaign for restoration ot of prospect mining