Word: delisting
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Dates: during 1938-1938
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Without warning, SEC had threatened to delist Transamerica stock on the charge that its registration statement contained "false and misleading statements." That all was not rosy between Banker Giannini and the New Deal was first indicated last spring when Franklin Roosevelt in his monopoly message called for "gradual separation of banks from holding com pany control." Wise old A. P. had already prepared for such a contingency year and a half ago by rearranging Transamerica's stock so it could be switched quickly to an investment trust. It was on this realignment that SEC last week cracked down with...