Show ALL BROKERS TO FURNISH BOND TO STATE Attorney General Rules No Discrimination Can Be Shown Under Law I r There can be no discrimination between be between be be- tween brokers who handle promotion securities and those who handle regular regular regu regu- lar listed stocks but all must take out license and file tHe a bond This is II the conclusion of ot Attorney General Genera H. H H. H Cluff In an opinion given H H. C. C Hicks secretary of ot the state securities com coni- mission A committee consisting of II H. W. W Lane and George F F. Wasson had call called d dupon upon Secretary Hicks and proposed that all brokers' brokers who handled promotion promotion promotion promo promo- tion stocks should put up a bond as ItS required b by y law and take out a license a as required b by law but that brok brokers rs who only dealt In listed securities be he permitted d to take a u. license only and ami not be r required to pu put up cp a bond Secretary Secretary Sec SIC Hicks submitted the matter to the attorney general and today h he re- re re received received ne tao following from that tl fi cial The attorney general says I have your letter of March 15 IS in which you ou call calI my attention to the contention con con- of certain members of ot the Salt Lake stock and mining exchange relative relative rela rela- tive to tr the commission requiring a I bond of ot those members who do do not I de deal in in promotion issues I r 1 nave given the question very careful care care- ful tul and earnest consideration and it seems to me there Is only one courso course for lor the commission to follow and tint thit is the real letter of the law lawS which re- re 11 that an applicant for a licence shall furnish the commission with certain certain con con- tam tain information together with a bond hond in the sum of This bond must accompany the application for a li li- li cense The commission would hava havi no right to pay an any attention to the application application ap up- if It the bona bond did lid not accompany accompany accompany pany itI it I 1 do 10 not beJ believe e tho commission can an Je the de law so n as r r. the Issuance o of or a license to toone toone toone I one without requiring a a- a abond bond s i-s provided by law and at the same time require such bond from the other class I believe the only safe course I for the commission to pursue is to re require require require re- re quire a bond in all cases as provided by bj law Secret Secretary ry Hicks will so advise the committee that waited upon him as also the members rs of ot the stock exchange exI exchange ex ex- ex- ex change and will ask that the law as I construed by the attorney general and the he commission be c complied with |