Abstract
To the Editor:— During the course of various ininvestigations conducted by the United States Securities and Exchange Commission, it has been reported that a considerable number of the members of the medical profession have been victimized by high-pressure telephone salesmen who have induced doctors, as well as members of other professional groups, to purchase securities of no value or dubious value. As a result of this nefarious conduct on the part of these salesmen, the New York State Attorney General and the United States Securities and Exchange Commission developed and published a 10-point guide to alert the public against fraudulent securities practices. Notwithstanding the dissemination of the information and advice contained in a public pronouncement, there have been a mounting number of complaints brought to our attention concerning the continued activities of unscrupulous stock salesmen. The Securities and Exchange Commission News Digest, Nov. 26, 1956, covers this subject matter. We
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