V-1 - Securities Act

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177. The Commission may at its discretion, if satisfied that an undertaking given under section 176 has not been complied with, either refuse to grant permission to distribute a prospectus relating to securities of a corporation which previously delivered an undertaking to the Commission or refuse to grant such permission unless the corporation, its directors and senior officers agree to comply with such terms and conditions relating to insider trading as may be imposed by the Commission.
1973, c. 67, s. 26.