The provisions of this act shall not apply to any person or corporation engaged entirely in the business of issuing, negotiating, offering for sale, or selling contracts which at the time of issuance, negotiation, offering for sale, or sale are secured by adequate property, real or personal, nor to any domestic or foreign banks, banking companies, coöperative banking associations, trust, safe deposit, real estate, mortgage, title insurance, guaranty, surety and indemnity companies, savings institutions, savings banks, and provident institutions, or to mutual savings funds, employes' savings funds, building and loan associations, or corporations doing a safe deposit business only, nor to national banking associations, nor to any corporation, copartnership, association, exchange, society, or order, subject to the supervision of the Insurance Commissioner of the Commonwealth, nor to contracts issued by a corporation or person for the purpose of raising money for its principal business, if its principal business is other than the issuing or selling of contracts or obligations described in section two of this act.¹

The provisions of this act shall not be construed to affect in any way the act, approved the thirteenth day of April, one thousand nine hundred twenty-seven (Pamphlet Laws, two hundred seventy-three), entitled “An act for the registration and regulation of certain individuals and entities selling, offering for sale or delivery, soliciting subscriptions to, or orders for, or undertaking to dispose of, inviting offers for, or inquiries about, or dealing in any manner in, securities defined herein, including securities issued by them; conferring powers and imposing duties on the Pennsylvania Securities Commission and otherwise providing for the administration of this act; providing for appeals to the court of common pleas of Dauphin County and to the Supreme Court of Pennsylvania; prescribing penalties; and making appropriations,” its amendments and supplements.²

All books, papers, records, securities, and moneys of or relating to corporations and persons subject to the provisions of this act, which are in the office of the Department of Banking, shall be transferred by the Department of Banking to the commission.