Word: broker
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...back up this assertion, Lawyer McCall read a list of such cases all but the first of which have been turned up by SEC since the market crash gave many brokers the choice of crockery or failure-Richard J. Daly, who pleaded guilty to hypothecating $150,000 in customers' securities last June; two partners of Jesse Hyman & Co. convicted of grand larceny together with William F. Enright, who had charge of the security box of Winthrop, Mitchell & Co., after this reputable firm discovered Enright had lent some $2,000,000 of its customers' funds to the Hyman partners...
...When Broker James Madison Austin of Manhattan landed with his fox terrier bitch, Susie, her distressing symptoms vanished...
...funds and been sent to jail. Charley Mitchell was penalized for tax deficiencies and Al Wiggin had paid off stockholders to stop their suits. There was old Sam Insull, too, although Wall Street is never very surprised at the shenanigans of a Chicagoan. But Dick Whitney was a Morgan broker. He was the President of the New York Stock Exchange for five years. ''The terrible thing about the Whitney scandal.'' wrote Financial Editor Leslie Gould of the New York Journal & American, "is . . . that the broker was the White Knight of the financial district. Whitney...
...Exchange's claim that it requires no added SEC supervision, President Gay grimly mounted the rostrum of the Exchange and suspended Richard Whitney & Co. for insolvency (TIME, March 14). Wall Street's first reaction was outright incredulity that "The Corner" had not bailed out its favorite broker. But it was speedily apparent that The House of Morgan had known nothing of the pending debacle. In fact George Whitney had just gone off for a two-weeks' vacation in Florida. Day after Dick Whitney's failure he rushed back to town, but by then there was nothing...
This time the fallen financier was taken to the Criminal Courts Building. While photographers ran ahead of the poker-faced broker, snapping his long, elegantly dressed frame and the little Porcellian pig glistening at his watch chain, several hundred idlers trailed in his wake. "Who is it?" cried a woman. "It's Whitney!" screamed a group of giggling schoolchildren...