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Show SECURITIES COMMISSION In the three years time the volume vol-ume of business to come before the Utah State Securities commission, has increased from approximately $15 000 in volume to $ 63,39 1,870 fur 'the fiscal year ending December lit, 1923, according to the annua! report of the Securities department Just presented to the Governor. During Dur-ing that time the Securities department depart-ment has operated at a cost of approximately ap-proximately $20,000 to the State and has during that period netted the State treasurery approximately $30,-000 $30,-000 above all expenses. Through a system of strict regulations regu-lations the commission has been enabled en-abled to protect the public from purchasing pur-chasing worthless stock very materially, mater-ially, and with each year greater protection pro-tection is being given. Warnings have constantly been sent out to the people to beware of ficticious stock salesmen and promotors and the department de-partment Is ready at all times1 to furnish fur-nish informaetion relative to the standing of any company that has applied for a permit. Through quick action the commission commis-sion has been able to block the sale of many thousands of dollars worth of worthless stocks from the Texas fields, and no less than a dozen ot those indicated lapt summer were ci evented fro rudoing business in the State of Utah. More than two million dollars of securities that were going to be offered for salt have been withdrawn with-drawn because the plan did not meet the approval of the Utah commission The Securities commission makes no recommendations whatever in the sale of securities, but is using every effort to see that the moneys invested! invest-ed! with the various companies is properly pro-perly expended and the state developed devel-oped through these expenditures. The commission has now reached a state of efficiency that has placed It In ai very favorable position among the standard commissions throughout through-out the United States an dmillions of dollars of securities are qualified each year for companies who desire to finance through the East and on the Pacific coast. |