...Indirectly, by the use of any mean* or Instrumentality of Interstate commerce, or of the malls, or of any facility of any national securities exchange....circumstances under which they were made, not misleading, or "(3) to engage In any act, practice, or course of business which operates or would operate as a fraud...

...the public interest or for the protection of investors." Rule X-10B-5 provides: "It shall be unlawful for any person, directly or indirectly, by the use...circumstances under which they were made, not misleading, or (3) to engage in any act, practice, or course of business which operates or would operate as a fraud...

...shall be unlawful for any person, directly or indirectly, by the use of nny means or instrumentality of interstate commerce, or of the mails, or of any...circumstances under which they were made, not misleading, or "(3) to engage in any act, practice, or course of business which operates or would operate as a fraud...

...indirectly, by the use of any means or Instrumentality of Interstate commerce, or of the malls, or of any facility of any national securities exchange,...circumstances under which they were made, not misleading, or "(3) to engage in any act, practice, or course of business which operates or would operate as a fraud...

...indirectly, by the use of any mean* or Instrumentality of interstate commerce, or of tbe malls, . . . (1) to employ any device, scheme, or artifice to defraud,...circumstances under which they were made, not misleading, or (S) to engage In any act, practice, or course of business which operates or would operate as a fraud...

...any facility of any national securities exchange, " ( 1 ) to employ any device, scheme, or artlflce to defraud, "(2) to make any untrue statement of a...circumstances under which they were made, not misleading, or "(8) to engage In any act, practice, or course of business which operates or would operate as a fraud...

...of any national securities exchange, "(1) to employ any device, scheme, or artifice to defraud, "(21 to make any untrue statement of a material fact or...circumstances under which they were made, not misleading, or As already indicated, from the time of its organization Columbia was never in good financial condition...

...Indirectly, by the use of any means or Instrumentality of Interstate commerce, or of the malls, or of any facility of any national securities exchange —...fact or to omit to state a material fact necessary in order to make the statements made. In the light of the circumstances oader which they were made, not...

...unlawful for any person, diraetly or indirectly, by the uso of any means or instrumentality of interestate commerce, or of the mails, or of any facility of any...scheme, or artifice to defraud; (2) To make any untrue state. ncnt of a material fact or to omit to state a material fa t necessary in order to make the statements...

...Indirectly, by the use of any means or Instrumentality of Interstate commerce, or of the malls, . . . (1) to employ any device, scheme, or artifice to defraud,...of a material fact or to omit to state a material The order for hearing raises two principal questions : (a) Whether in the period from October 14, 1943,...