Business & Finance: Golden Quebec: Better Business

Last week the first court action for violation of the Securities Act of 1933 was started in a Manhattan Federal Court. The Federal Trade Commission secured a temporary order restraining C. Morrison Smith & Co., investment brokers, from selling stock of Golden Quebec Mines, Ltd. Golden Quebec, organized at Toronto last December with some $92,000 in assets and 48 claims in a gold district in northwest Quebec, filed a Trade Commission registration in February covering an issue of 350,000 shares at $1 par. The Trade Commission charged that C. Morrison Smith &...

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