Word: illicitness
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...Securities and Exchange Commission complained that I.O.S. was illegally selling unregistered securities to U.S. investors and that some of its funds were submitting false statements to conceal illegal rebates of brokerage commissions. The SEC was also concerned that criminal elements might be using I.O.S. as an outlet for illicit profits, and demanded that Cornfeld reveal the names of all his customers. Cornfeld refused to do so, but he settled the case in 1967 by agreeing to cut all I.O.S. ties to the U.S. and to American investors. Nevertheless, the skirmishing continues. Last August, the SEC again charged I.O.S. with illegally...
...self-control and our sorting out of licit and illicit actions and sanctions for our position are now much more difficult than in the civil rights movement, Phase I. When this Phase I came to an end with the assassination of Martin Luther King, it was especially meaningful to have the American flag fly alongside the UN flag and the Christian flag in the funeral procession in the streets of Montgomery because the States Rights banner of the Confederacy had been the overt or covert symbol of the opposition to integration then being enforced by the Attorney General...
...more destructive than heroin-and now more available than marijuana-amphetamines are in many ways the most treacherous of all abused drugs. Despite the threat they pose, a recent survey by the Federal Bureau of Narcotics and Dangerous Drugs revealed that 92% of the speed and pep pills in illicit traffic were manufactured by legitimate U.S. drug firms...
...verify the legitimacy of customers who order amphetamines. As a test, Government investigators set up a fictitious company in the Midwest and received without question nearly every drug ordered from manufacturers. Michael Sonnenreich, deputy counsel of the Bureau of Dangerous Drugs, said that firms do not deliberately promote illicit traffic, but "there are so many loopholes in the existing drug abuse laws. Companies crank out enormous volumes of drugs, and they sell them to anybody who appears to be legitimate...
...lushes" and even pot skid rows. They defend ultimate legalization only because they believe that its probable costs to society are outweighed by the disadvantages of continued prohibition. They point out that as long as marijuana is forbidden it will continue to have the appeal of the illicit...