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April 26, 1958


JAMA. 1958;166(17):2185. doi:10.1001/jama.1958.02990170083020

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An increasing number of complaints against high-pressure telephone security salesmen has been received by the regional office of the U. S. Securities and Exchange Commission in New York City, and among the victims of their nefarious conduct has been a considerable number of physicians. The New York state attorney general and the Securities and Exchange Commission some time ago published a 10-point guide to alert the public against fraudulent securities practices, but the number of complaints still mounts. The commission has forwarded a letter and the guide to The Journal (page 2213) in the hope that members of the medical profession thus will be enabled to avoid the pitfalls involved in the purchase of securities from unknown sources. The 10-point guide is stated simply and clearly, and the investing physician will find it useful.

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