Word: funston
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Dates: during 1960-1969
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...York Stock Exchange is more active than ever before-daily volume is running 12% above last year's average-and each day more than 70,000 investors phone their brokers to ask how their stocks are doing. This week Exchange President Keith Funston will introduce a computerized system to provide quick answers...
...society at the Debutante Cotillion and Christmas Ball at Manhattan's WaldorfAstoria. The very In thing this year was to introduce yourself to the postdebs and Ivy Leaguers trudging down the reception line as another girl entirely, so everybody had the most awful time sorting out Elizabeth Funston, 18, Virginia Guest, 18, Jocelyn Kress, 18, and Fernanda Kellogg, 18. But then the ritual began as always with the Coming Out Waltz, followed by the Garland Dance, the Polka Sleigh Ride and the Christmas Star, in which the gals kneel in the dark, hold candles and sing carols. Meyer Davis...
When Keith Funston goes to Washington, he is usually seeking less regulation of the nation's securities markets, not more. Last week, testifying before the Securities and Exchange Commission, the president of the New York Stock Exchange urged tighter rules for a controversial sector of the business. He was aiming at the "third market" (the other two: the exchanges and the over-the-counter market, which deals in unlisted stocks), a sort of discount house that handles off-the-floor trading in stocks listed on the New York or American exchanges. Its more than $2 billion volume is still...
...joined the commission in 1942. Rising to head its division of corporate finance, he became known as a savvy administrator whose devotion to the job did not stop him from being well liked by the people he was regulating. Last week New York Stock Exchange President Keith Funston called Cohen "dedicated and realistic...
Since there are only 34 fulltime floor traders, many Wall Streeters wonder why the Exchange is fighting so hard for so few. Funston & Co. figure that surrendering too easily there would make it easier for the SEC to put restrictions on odd-lot firms and the 350 stock specialists. The Exchange wants to regulate itself as much as possible, feels that the SEC's proposed restrictions would give Washington immense controls over Wall Street and destroy the delicate balance of power now shared by the SEC and the Exchange...