The Stock Exchange from WithinVan Antwerp, William C. (William Clarkson)
History
The Stock Exchange from Within
Van Antwerp, William C. (William Clarkson)
New York Stock Exchange; Stock exchanges
We recommend that the foregoing features of the Massachusetts law be
adopted in this State; also that section 355 of the act of 1908 be
amended so as to require brokers to furnish to their customers _in all
cases_, and not merely on demand, the names of brokers from whom shares
were bought and to whom they were sold, and that the following section
be added to the act:
Witness’s privilege:
No person shall be excused from attending and testifying, or
producing any books, papers, or other documents before any court
or magistrate, upon any trial, investigation, or proceeding
initiated by the district attorney for a violation of any of the
provisions of this chapter, upon the ground or for the reason that
the testimony or evidence, documentary or otherwise, required
of him may tend to convict him of a crime or to subject him to
a penalty or forfeiture; but no person shall be prosecuted or
subjected to any penalty or forfeiture for or on account of any
transaction, matter, or thing concerning which he may so testify
or produce evidence, documentary or otherwise, and no testimony so
given or produced shall be received against him upon any criminal
investigation or proceeding.
There has been a sensible diminution in the number of bucket-shops in
New York since the act of 1908 took effect, but there is still much
room for improvement.
Continuous quotations of prices from an exchange are indispensable to a
bucket-shop, and when such quotations are cut off this gambling ends;
therefore every means should be employed to cut them off.
SALES OF QUOTATIONS
Public-domain text, read in full here on John Shaqi.
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