National Affairs: Caveat Venditor

"While the information contained herein is not guaranteed, it has been obtained from sources which we consider reliable."

Last week the White House passed a sentence of death on this familiar immunity tag regularly appended in tiny type at the bottom of stock promotion circulars. True to his Party platform. President Roosevelt sent one more special message to Congress in which he said: "I recommend . . . legislation for Federal supervision of traffic in investment securities in interstate commerce. . . . The public in the past has sustained severe losses through practices...

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