TAILIEUCHUNG - SECURITIES INVESTOR PROTECTION ACT OF 1970

The rest of the paper is organized as follows. Section I lays out the household’s consumption and portfolio choice problemwith a durable consumption good and derives the Euler equations. Section II describes the consumption data used in the empirical work. The service f low for durable goods (as defined in the national accounts) is more cyclical than the service f low for nondurable goods and services. The high cyclicality of the service f low, rather than durability of the good, is the key ingredient in explaining the known facts about expected stock returns | SECURITIES INVESTOR PROTECTION ACT OF 1970 As Amended through . 112-90 APPROVED January 3 2012 AN act to provide greater protection for customers of registered brokers and dealers and members of national securities exchanges. Be it enacted by the senate and House of Representatives of the United States of America in Congress assembled SEC. 1. SHORT TITLE ETC. a Short Title table of Contents. This Act with the following table of contents may be cited as the Securities Investor Protection Act of 1970 . table of contents Sec. 1. Short Title. Sec. 2. Application of Securities Exchange Act of 1934. Sec. 3. Securities Investor Protection Corporation. Sec. 4. Sipc Fund. Sec. 5. Protection of Customers. Sec. 6. General Provisions of a Liquidation Proceeding. Sec. 7. Powers and Duties of Trustee. Sec. 8. Special Provisions of a Liquidation Proceeding. Sec. 9. Sipc Advances. Sec. 10. Direct Payment Procedure. Sec. 11. Sec Functions. Sec. 12. Examining Authority Functions. Sec. 13. Functions of Self-Regulatory Organizations. Sec. 14. Prohibited Acts. Sec. 15. Miscellaneous Provisions. Sec. 16. Definitions. b Section headings. Headings for sections and subsections and the table of contents are included only for convenience and shall be given No legal effect. Pub. L. 91-598 Sec. 1 Dec. 30 1970 84 Stat. 1636 Pub. L. 95283 Sec. 17 May 21 1978 92 Stat. 275. amendments 1978 Pub. L. 95-283 made changes in table of contents. SEC. 2. APPLICATION OF SECURITIES EXCHANGE ACT OF 1934. Except as otherwise provided in this Act the provisions of the Securities Exchange Act of 1934 15 . sec. 78a and fol. hereinafter referred to as the 1934 Act apply as if this Act constituted an amendment to and was included as a section of such Act. Pub. L. 91-598 Sec. 2 Dec. 30 1970 84 Stat. 1637. 1 Sec. 3 SECURITIES INVESTOR PROTECTION ACT OF 1970 2 REFERENCES IN TEXT The Securities Exchange Act of 1934 referred to in text is act June 6 1934 ch. 404 48 Stat. 881 as amended which is classified .

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