101 STAT. 1256
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PUBLIC LAW 100-181—DEC. 4, 1987
(2) by striking out paragraph (3) thereof and by redesignating paragraph (4) as paragraph (3); and (3) in paragraph (3)(E) (as so redesignated)— (A) by striking out "fixes" and inserting in lieu thereof "fixing^; (B) by striking out "paragraph (4)(A)" and inserting in lieu thereof "subparagraph (A) of this paragraph"; and (C) by striking out "paragraph (4)(B)" and inserting in lieu thereof "subparagraph (B) of this paragraph". SEC. 313. Section l l A of the Securities Exchange Act of 1934 (15 U.S.C. 78k-l) is amended— (1) by striking out "transaction" in paragraph (2) of subsection (b) and inserting in lieu thereof "transactions"; and (2) by striking out everything after the first sentence in paragraph (4) of subsection (c). SEC. 314. Sections llA(e) and 12(m) of the Securities Exchange Act of 1934 (15 U.S.C. 78k-l(e) and 781(m)) are repealed. SEC. 315. Section 13(c) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(c)) is amended by striking out "thereof o f and inserting in lieu thereof "thereof. SEC. 316. Section 13(h) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(h)) is repealed. SEC. 317. Section 15(b) of the Securities Exchange Act of 1934 (15 U.S.C. 780(b)) is amended— (1) by striking out "fiduciary, or any" in clause (ii) of subparagraph (B) of paragraph (4) and inserting in lieu thereof "fiduciary, transfer agent, or"; (2) by striking out subparagraph (C) of paragraph (4) and inserting in lieu thereof the following: "(C) is permanently or temporarily enjoined by order, judgment, or decree of any court of competent jurisdiction from acting as an investment adviser, underwriter, broker, dealer, municipal securities dealer, government securities broker, government securities dealer, transfer agent, or entity or person required to be registered under the Commodity Exchange Act, or as an affiliated person or employee of any investment company, bank, insurance company, or entity or person required to be registered under the 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."; (3) by striking out "or seeking to become associated," in the first sentence of paragraph (6) and inserting in lieu thereof "seeking to become associated, or, at the time of the alleged misconduct, associated or seeking to become associated"; and (4) by striking out "17A(b)(4)(B) in paragraph (10) and inserting in lieu thereof "17 A(b)(4)(A)". SEC. 318. Section 15B(b)(2)(C) of the Securities Exchange Act of 1934 (15 U.S.C. 78o-4(b)(2)(C)) is amended— (1) by striking out "security" and inserting in lieu thereof "securities"; (2) by striking out "or the securities"; and (3) by striking out "burden or competition" and inserting in lieu thereof "burden on competition". SEC. 319. Section 15B(c)(4) of the Securities Exchange Act of 1934 (15 U.S.C. 78o-4(c)(4)) is amended by striking out the first sentence and inserting in lieu thereof the following: "The Commission, by
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