Word: fairly
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Dates: during 1930-1939
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...which it would make use of the union in securing new employees. He implied that an attempt would be made to maintain the present ratio of union to non-union workers. The University would feel free to hire the best man for the job, but would be scrupulously fair...
...impossible. Congress was stumped by the problem while creating SEC in 1934 and purposely left the law vague. SEC ordered that all dealers register. Two years ago, after a majority had done so, it began a cautious supervision (TIME, Jan. 13, 1936). Last summer it issued a set of fair practice rules. But not until last week was it finally ready to take in hand the o-t-c market as firmly as it already has the exchanges. Through SEC Chairman William O. Douglas' close friend and political backer, Senator Francis T. Maloney of Connecticut, the Commission presented Congress...
...Most o-t-c dealers prefer to sell as traders because the "spread" between what they paid for a security and what they sell it for can be far greater than are most commissions. In both cases, however, customers have little means of telling whether they are quoted a fair price or charged a fair commission...
...fair practice code, o-t-c dealers now are obliged to give customers all pertinent information on any deal. But it is manifestly impossible for SEC to keep tabs on all firms to see that this is done. Nearest approach, decided Bill Douglas, was to foster the already substantial trend for o-t-c dealers to band together into associations on a geographical basis. The associations would be expected to police themselves, but if they failed, SEC would have the same disciplinary powers over them that it now has over the exchanges-i.e., to suspend any offending dealer...
...losing $24,000,000 in surplus since 1932, Federal Judge Oliver Booth Dickinson cracked: "There is something radically wrong with the Pennsylvania anthracite industry that it can run up ... inordinately high prices of coal to consumers. The tendency has been for management to take far more than its fair share of the receipts...