Securities investors protection funds.
Section 41
SEC. 41. Securities investors protection funds.—The Commission may establish or facilitate the establishment of trust funds which .shall be contributed by exchanges, brokers, dealers, underwriters, transfer agents, salesmen and other persons transacting in securities, as the Commission may require, for the purpose of compensating investors for the extraordinary losses or damage they may suffer due to business failure or fraud or mismanagement of the persona with whom they transact, under such rules and regulations as the Commission may from time to time prescribe or approve in the public interest. The Commission may, having due regard to the public interest or the protection of investors, regulate, supervise, examine, suspend or otherwise discontinue such and other similar funds under .such rules and regulations which the Commission may promulgate, and which may include taking custody and management of the fund itself as well as investments in and disbursements from the fund under such forms of control and supervision by the Commission as it may from time to time require. The authority granted to the Commission under this Section shall also apply to all funds established for the protection of investors, whether established by the Commission or otherwise. (n)