The Washington herald., 1921-04-16

employ any device, scheme or arti-
fice to defraud, or for obtaining
money or property by means of any
false or fraudulent pretense. repre-
sentation or promise, may issue and
cause to be served upon such person
an order requiring the party guilty
thereof to cease and desist there
from. If it shall appear to the Com
missioners that an irreparable pub
lie injury is imminent unless such
order is issued before a full investi-
cation can be made. they may. pend
ing such investigation, issue such
order, but the same shall be accom-
panied with a request for informa-
tion as to the facts, and such tenn
porary order shall only remain in
force until such information is fur
nished and two days thereafter, ex-
elusive of Sundays and legal holi-
days.
Orders of the Commissioners un-
der this section may be served by
anyone duly authorized by the Com
missioners, either, (a) by delivering
copy thereof TO the person to be
served, or to the president, secre-
tary, or other executive officer or
director of the corporation to be
served; or (b) by leaving a copy
thereof at the principal ofice or
place of business of such person,
partnership. or corporation; or (c)
by registering and mailing COPY
thereof addressed to such person,
partnership or corporation at his
or its principal office or place of
business. The verified return by
the person so serving said order,
setting forth the manner of said
service, shall be proof of the same,
and the return postoffice receipt for
said order registered and mailed as
aforesaid shall be proof of the serv-
ice Of the same.
Sec. 4. Any order Of the Com
missioners made under the proyi-
sions of Section of this act snail
be renewable by the Supreme Court
Of the District of Columbia by GER
tiorari allowed by said court upon
the petition of any person aggriev-
ed by said order. No petition for
such hearing shall be allowed un-
less the same shall be prayed with
in twenty days, exclusive of Sum
days and legal holidays, after the
service of the order of the Commits
sioners, nor unless the petitioner,
with sufficient surety, approved by
a justice of said court, shall enter
into an Undertaking to satisfy and
pay the actual cost of such proceed
ing. The said court shall have
power during the tendency Of the
proceedings before it to suspend or
modify the order of the Commis-
sloners and to enter a decree at the
conclusion of such hearing to af-
der. Any such final order or decree
of the Supreme Court Of the Dis
trict OF Columbia may be re-exam-
ined and affirmed, reversed or modi-
ned by the Court of Appeals of the NJ
District of Columbia upon appeaI IN
be taken in the same manner and
under the same regulations as ex-
lst, or may be hereafter provided in
cases of appeals from DEGREES rem
dered in the Supreme Court of the
District of Columbia.
Repatriation Necessary,
Sec. ). No person Shall sell So
curities as broker or salesman
within the District Of Columbia nm
less he is registered as such with the
commissioners. Said Commissioners
shall not register any person as a
broker or salesman except upon sat
isfactory evidence of good moral
character. If it appears to the Com
missioners that any person register
ed as broker or salesman is con-
Quoting his business as a broker or
salesman in fraudulent manner tho
commissioners. upon notice to such
person, shall cancel such persons
registration.
Sec. S. The Commissioners shall
charge and collect for the reeistra-
tion provided for in section 5 the
following fees: (a) For registration
as broker a fee of fifty dollars
S5O per annum: (b) for registra-
tion as a salesman a fee Of one dol
lar (si) per annum.
Fees Required.
: No person shall, for the purposes
of this act, be deemed to be regis
tered as broker or salesman unless
he shall pay the fees herein speci-
fed prior to his registration, and
annually thereafter on or before the
first Wednesday OF January of each
year
Said fees shall be paid to the
collector Of taxes of the District of
Columbia, and all money so received
shall be deposited by him in the
Treasury of the United States to the
credit of the revenues of the Dis
trict of Columbia
"Sec. 7. Any person selling or at
tempting to sell securities as a
broker or salesman unless register
ed with the Commissioners as such,
snail be guilty OF a misdemeanor
and subject to fine Of not more
than one thousand dollars (s1,0OO);
but II any person shall sell or at
tempt to sci securities as a broker
or salesman after such person has
been denied registration bv the Com
missioners, or after the Commission
ers have cancelled the registration Of
sucn person, such person shall be
punished by fine of not less than
hVe hundred dollars (s500) and not
more than five thousand dollars
NS.OoOD. or Imprisonment of not
more than fve years. or both.
ANY person having been SERVED
with any order Of the Commissioners
under section 3 Of this act, or having
knowledge of the issuance OF said
order, and while said order remains
in erect. either as originally issued
or as modified, who shall in viola
tion OF the provisions of said orde,
sell or attempt to sell any securities
mentioned in said order. shall he
fined not more than ten Thousand
dollars s10.00o). or imprisoned NOT
more than ten years. or both.
ANY person making a false ana
willful representation, under oath
or affirmation. touching any matter
which the Commissioners are au-