Show o. o TION Of FRAUDS IN JI ORDERED Sale of Blue Sky Securities tics ties Subject of New Inquiry WAShINGTON W Aug 12 By By The Associated Ass Press A Press A second investigation Investigation gation into the sale of or blue sky securities ties tics and end the operation of other get getrich getrich getrich rich quick frauds has ha been ordered ord by the he federal trade commission Believing ln that present legislative remedies are are inadequate the commis commis- commission sion 1011 by resolution has instructed its chief economist to conduct an in inquiry In- In Inquiry Inquiry I and make recommendations to eliminate eliminate- or reduce the menace through possible stats stat and federal regulation The commission some time ago be began be- be began began gan a general Inquiry into the sub sub- subject subject subject of worthless securities but no report was ever eser made The ins llon tion now ordered will bring the ini mi- initial mihal hal proceedings up to date Eight blue sky cases now pending before the commission and involving alleged wildcat oil schemes pro pro- promoted promoted rooted in Texas were listed In a state state- statement statement statement ment as typical examples of the evil on which war has been b en declared |