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FGMSD-80-56 1 (1980-05-14)

handle is hein.gao/gaobabaoj0001 and id is 1 raw text is: 




BY THE COMPTROLLER GENERAL



Report To The Congress


OF THE UNITED STATES





Action Needed To Better Protect Investors

From Fraud In Purchasing

Privately Placed Securities




Investors are being defrauded of hundreds of
millions of dollars--sometimes their life sav-
ings--by buying securities purported to be
privately placed and therefore exempt from
registration with the Securities and Exchange
Commission.

GAO offers several options for the Congress
to consider in amending the Securities Act
of 1933 to better protect investors while
continuing to allow legitimate businesses
to  raise  capital  through  privately  placed
securities.












                                                          112326





             0                                              FGMSD-80-56
     I t                                                   MAY 14, 1980





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