Page:United States Statutes at Large Volume 100 Part 4.djvu/484

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PUBLIC LAW 99-000—MMMM. DD, 1986

100 STAT. 3220

PUBLIC LAW 99-571—OCT. 28, 1986

Treasury shall enter into an agreement whereby the Commission or its designee will receive, store, and disseminate information in the possession, and which comes into the possession, of the Department of the Treasury in regard to missing, lost, counterfeit, or stolen securities.". (j)

i?^,,,,.iK

BURDEN

ON COMPETITION; PUBLIC

RULEMAKING

REQUIRE-

MENTS.—Section 23(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78w(a)) is amended— (1) by inserting "and the Secretary of the Treasury" after "Commission" each place it appears in paragraph (2); (2) by inserting "or the Secretary's" after "Commission's" in paragraph (2); (3) by inserting "and the Secretary" after "Commission" the first, second, and fourth places it appears in paragraph (3); and (4) by inserting "or the Secretary" after "Commission" the third place it appears in paragraph (3). (k) JUDICIAL REVIEW OF ORDERS AND RULES.—Section 25(d)(1) of

the Act (15 U.S.C. 78y(d)(l)) is amended by inserting before the period at the end thereof the following: "and the Secretary of the Treasury insofar as he is acting pursuant to section 15C of this Ante, p. 3208. Banks and

banking.

7 USC 1.

title". (1) INVESTMENT COMPANIES: DiSQUAUFICATIONS.—Section 9 of the

Investment Company Act of 1940 (15 U.S.C. 80a-9) is amended— (1) by striking out paragraphs (1) and (2) of subsection (a) and inserting in lieu thereof the following: "(1) any person who within 10 years has been convicted of any felony or misdemeanor involving the purchase or sale of any security or arising out of such person s conduct as an underwriter, broker, dealer, investment adviser, municipal securities dealer, government securities broker, government securities dealer, or entity or person required to be registered under the v'x Commodity Exchange Act, or as an affiliated person, salesman, or employee of any investment company, bank, insurance company, or entity or person required to be registered under the Commodity Exchange Act; "(2) any person who, by reason of any misconduct, is permanently or temporarily enjoined by order, judgment, or decree of any court of competent jurisdiction from acting as an underwriter, broker, dealer, investment adviser, municipal securities dealer, government securities broker, government securities dealer, or entity or person required to be registered under the Commodity Exchange Act, or as an affiliated person, salesman, or employee of any investment company, bank, insurance company, or entity or person required to be registered under the ^il Commodity Exchange Act, or from engaging in or continuing any conduct or practice in connection with any such activity or in connection with the purchase or sale of any security; or"; (2) by inserting "or of the Commodity Exchange Act," after "this title," in subsection (b)(2); and ". (3) by inserting "or of the Commodity Exchange Act," after "this title," in subsection (b)(3). (m) INVESTMENT ADVISERS: DISQUALIFICATIONS.—Section 203 of the

c:;.'0

Investment Advisers Act of 1940 (15 U.S.C. 80b-3) is amended— (1) by striking out "or fiduciary" in subsection (e)(2)(B) and inserting in lieu thereof "government securities broker, govern^i ment securities dealer, fiduciary, or entity or person required to i t be registered under the Commodity Exchange Act"; .„^e.«.