HC Deb 16 March 1926 vol 193 c265W
Mr. SCURR

asked the President of the Board of Trade whether, in view of the fact that a number of small investors are subjected to considerable financial loss owing to the activities of brokers outside the Stock Exchange and persons conducting share-selling agencies and bogus financial papers, and considering that the only redress now available is the invoking of the criminal law after the investor has lost his money, he will consider the introduction of legislation whereby all persons dealing in stocks and shares, not members of authorised stock exchanges or bankers affiliated to the Banker's Clearing House, shall be compelled before starting business' to deposit a substantial sum with the Government as a guarantee of good faith?

Sir P. CUNLIFFE-LISTER

I will bring the hon. Member's suggestion to the attention of the Departmental Committee which is now considering what amendments are desirable in the Companies Acts.

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