Page:United States Statutes at Large Volume 68 Part 1.djvu/718

 686

PUBLIC LAW 577-AUG. 10, 1954 -'

15 USC 771. 15 USC 77g. 15 USC 77v.

be filed as part of the registration statement) or includes any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which such prospectus is or is to be used, not misleading. Upon issuance of an order under this subsection, the Commission shall give notice of the issuance of such order and opportunity for hearing by personal service or the sending of confirmed telegraphic notice. The Commission shall vacate or modify the order at any time for good cause or if such prospectus has been filed or amended in accordance with such order. "(c) Any prospectus shall contain such other information as the Commission may by rules or regulations require as being necessary or appropriate in the public interest or for the protection of investors. " (d) I n the exercise of its powers under subsections (a), (b), or (c), the Commission shall have authority to classify prospectuses according to the nature and circumstances of their use or the nature of the security, issue, issuer, or otherwise, and, by rules and regulations and subject to such terms and conditions as it shall specify therein, to prescribe as to each class the form and contents which it may find appropriate and consistent with the public interest and the protection of investors. "(e) The statements or information required to be included in a prospectus by or under authority of subsections (a), (b), (c), or (d), when written, shall be placed in a conspicuous part of the prospectus and, except as otherwise permitted by rules or regulations, in type as large as that used generally in the body of the prospectus. "(f) I n any case where a prospectus consists of a radio or television broadcast, copies thereof shall be filed with the Commission under such rules and regulations as it shall prescribe. The Commission may by rules and regulations require the filing with it of forms and prospectuses used in connection with the offer or sale of securities registered under this title." gj,(, 9 Section 12 of the Securities Act of 1933 is amended by inserting the words "offers or" before the word "sells" in clauses (1) and (2) thereof. gEC. 10. Section 17(a) of the Securities Act of 1933 is amended by inserting the words "offer or" before the word "sale" in the introductory clause thereof. gj,^ II Section 22(a) of the Securities Act of 1933 is amended by inserting the words "offer or" before the word "sale" in the second sentence thereof. TITLE II—AMENDMENTS TO SECURITIES ACT O F 1934, AS A M E N D E D

15 USC 78kV

15 USC 781. ,

IS use 77cic.

[68 S T A T.

EXCHANGE

SEC. 201. Subsection (d) of section 11 of the Securities Exchange -^^^ ^^ 1^^^ ^^ amended by striking out the words "six months" where they appear in such paragraph and inserting in lieu thereof the words "thirty days". SEC. 202. The last sentence of subsection (d) of section 12 of the Securities Exchange Act of 1934 is hereby repealed. TITLE III—AMENDMENTS TO TRUST INDENTURE ACT O F 1939 SEC. 301. (a) Paragraph (1) of section 303 of the Trust Indenture ^^^to^ 1^^^ ^^ amended by deleting the following: "as heretofore amended,".

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