Word: amex
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Dates: during 1960-1969
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...Amex turned over its finding to the Securities and Exchange Commission, which was already conducting its own investigation of the Res, and suspended the Res as specialists after the SEC issued a complaint last May. Last week, after a year of further digging, SEC investigators agreed that something indeed was fishy. They filed a brief charging the Res with "deliberate and gross" violations of law that did "many millions of dollars of harm" to thousands of stockholders, urged the SEC to expel both men from the exchange and revoke their broker-dealer licenses. After further hearings, the SEC can also...
McCormick. according to testimony given to the SEC, was upset when the board cleared the Res, pushed to have them suspended. Last week, although federal law already prohibited the actions of the Res, Amex announced that it had adopted "a series of rules and policies which, it is confident, will prevent the recurrence of a similar situation...