Jasper County Democrat, Volume 23, Number 69, Rensselaer, Jasper County, 24 November 1920 — THERE IS LIMIT ON SECURITIES [ARTICLE]

THERE IS LIMIT ON SECURITIES

Only Those Authorized by Commission May Be Sold. The Indiana securities commission, in its recently adopted policy, has made it clear that securities dealers in Indiana may deal only in securities authorized by the commission or specifically exempted by the securities law, M. L. Mendenhall, who is administering the law for the commission, has announced. Mr. Mendenhall said that the impression that dealers may deal in securities issued in other states and brought to Indiana for selling by the dealers as their own securities, is incorrect. That impression was widespread in some quarters after the enactment of the “blue sky’ law last July. The commission, it is announced, solicits the co-operation of the public ih applying the law, and wishes to hear of violations.