ILLICIT TRAFFIC IN STOLEN SECURITIES - A REPORT TO THE ILLINOIS GENERAL ASSEMBLY

• NCJ Number: 11270
• Author(s): ANON
• Date Published: 1973
• Length: 88 pages
• Corporate Author: Illinois Legislative Investigating Cmssn
• Publication Format: Document
• Language: English
• Country: United States of America

Annotation

FINDINGS OF FACT, CONCLUSIONS AND RECOMMENDATIONS ON THE SCOPE AND NATURE OF ACTIVITIES INVOLVING STOLEN, LOST, AND WORTHLESS UNREGISTERED STOCK CERTIFICATES.

Abstract

PART ONE CONSISTS OF A SUMMARY OF THE INVESTIGATION CONDUCTED BY A CONGRESSIONAL COMMITTEE DURING 1971 AND A REPORT OF THE INVESTIGATION CONDUCTED BY THE ILLINOIS LEGISLATIVE INVESTIGATING COMMISSION OF THE TRAFFIC IN NEAR WORTHLESS, UNREGISTERED SECURITIES. PART TWO REPORTS ON THE COMMISSION'S UNDERCOVER INVESTIGATIONS, ITS ATTEMPTS TO IDENTIFY STOLEN SECURITIES UNWITTINGLY HELD BY BANKS AND BROKERAGE FIRMS, AND A SURVEY OF SECURITY MEASURES EMPLOYED BY BROKERAGE FIRMS. PART THREE DETAILS THE COMMISSION'S CONCLUSIONS AND RECOMMENDATIONS ON LEGISLATIVE AND ADMINISTRATIVE ACTIONS WHICH WOULD REDUCE ILLICIT TRAFFIC. FINALLY, PART FOUR CONTAINS PHOTOGRAPHS AND CRIMINAL HISTORIES OF THOSE PERSONS BELIEVED BY THE COMMISSION TO BE INVOLVED IN SECURITIES FRAUDS IN ILLINOIS, PRINCIPALLY IN THE CHICAGO AREA.