Word: breeden
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Dates: during 1990-1999
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...long anticipated response, Securities and Exchange Commission Chairman Richard Breeden last week announced the first step toward what may well become round-the-clock trading at the N.Y.S.E. -- an experimental two-year extension of trading hours beyond the 4 o'clock close. Starting June 13, individual investors will be able to buy and sell stocks up to 5 p.m. at 4 p.m. prices, while holders of multiple-stock portfolios -- typically institutions -- will wheel and deal until 5:15. "The proposal before us may seem incremental," said Breeden, "but its effect will be felt around the world as a sign that...
...Chairman Richard Breeden announced the formation of a new 25-person SEC unit to combat securities violations at financial institutions. One of the group's goals: to prevent more disasters like the case of Lincoln Savings & Loan, whose chairman, Charles Keating, managed to run up $2.5 billion in losses, driving the California thrift into bankruptcy. With S&Ls foundering almost daily, the gesture seems like an afterthought -- and an undersized one at that...