HARRY W. NICE, GOVERNOR. 681

(1935 Supplement), title, "Department of Law", sub-title
"Blue Sky Law", to be known as Sections 10A, 10B and 10C,
to follow immediately after Section 10 of said Article, and
that Sections 12 and 14 of said Article be and they are hereby
repealed and re-enacted, with amendments and all to read
as follows:

10A. No person, firm or corporation, whether resident or
non-resident of this State, except banks and trust companies,
whether incorporated under a general or special Act of the
General Assembly, and subject to regulation by any State or
Federal Law, or any member of a National Securities Exchange
registered with the Securities and Exchange Commission under
the Securities and Exchange Act of 1934, and the firm of such
member, shall engage in the business of selling, or offering for
sale or exchange, stocks, bonds, notes, shares, profit sharing
agreements, service agreements, membership certificates and
trustee certificates, or other securities, in Maryland after
October 1, 1937, without having first filed with the Attorney
General a registration statement as hereinafter provided.
Such registration statement shall be made under oath and
shall contain the same information as now required by the
Securities and Exchange Commission for registration of
brokers and dealers transacting business on the Over-the-
Counter Markets, or shall be a certified copy of such statement
actually filed with the Securities and Exchange Commission.
Such applicant shall also furnish the Attorney General letters
of recommendation from at least two persons, residents of this
State and engaged in the business aforementioned, satisfactory
to him.

10B. No form of receipt or certificate shall be issued by
the Attorney General and no person, firm or corporation en-
gaged in the business referred to in the last preceding section
of this article shall in any manner advertise or publish or
represent, for the purpose of selling stocks, bonds, notes,
shares, profit sharing agreements, service agreements, member-
ship certificates and trustee certificates, or other securities,
that he, they, or it have filed with the Attorney General the
registration statement referred to in Section 10A, and thereby
has or have qualified to sell stocks, bonds, or other securities.