Euro Capital Inc., Investment Advisers Act Release 33-8898
The Commission ordered a hearing on whether to suspend the Regulation A exemption sought by Euro Capital Inc. The ALJ was ordered to render an opinion within 120 days.
Bon Mots
"[W]e do not disdain to borrow wit or wisdom from any man who is capable of lending us either . . . ." Henry Fielding, Tom Jones
"[T]he securities business is one in which opportunities for dishonesty recur constantly and … this necessitates specialized legal treatment." Richard C. Spangler, Inc., 46 SEC 238, 252 (1976)
"In our complex society the accountant's certificate and the lawyer's opinion can be instruments for inflicting pecuniary loss more potent than the chisel or the crowbar." United States v. Benjamin, 328 F.2d 854, 862 (2d Cir. 1964)
"Recklessness and deceit do not automatically excuse themselves by notice of repentance." Jones v. SEC (Cardozo dissent), 298 U.S. 1, 30 (1936)
"You can observe a lot by just watching." Yogi Berra
"The cheaper the crook, the gaudier the patter." Dashiell Hammett, The Maltese Falcon
