Word: broker
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...stock specialists, charged with maintaining a "fair and orderly'' market in the stocks assigned to them, the Res were both brokers executing floor orders for other brokers, and traders on their own account. In their role of brokers' broker, they acquired, like all specialists, a treasury of inside information-a situation that has led some critics to charge all specialists with automatic conflict of interest...
...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 refer the case to the Justice Department, for criminal prosecution...
...onetime Wall Street broker, Orvil Dryfoos married Sulzberger's first daughter, Marian, in 1941. two years later went to work for his father-in-law. From then on, his rise was prompt and predictable: vice president and Times director in 1954, Times president in 1957. Ever since Sulzberger suffered a stroke three years ago, Dryfoos has been publisher in nearly everything but title...
...Many a broker tries to caution his clients about indiscriminate buying of new issues, but finds it hard to cool their ardor. If he advises a client not to buy, the client often goes off to another broker or comes back a week or two later to complain that the stock he had been told was "overpriced" has risen another 10 points...
...such prudent measuring sticks as price-earnings ratios. Control Data, which hit the over-the-counter market at 1 a few years ago, recently hit 133-or 148 times its expected earnings of 90? a share. Some hot-selling companies have never seen anything but red ink. Says one broker: "I can understand a stock selling at 20 times earnings, or 50 or even 100 times earnings-but how do you compute the ratio of a company with no earnings...