Word: jaquith
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Dates: during 1960-1969
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...wholly owned company, Slayton Associates, the Slaytons were supposedly the investment advisers to Managed Funds, and collected more than $1,000,000 in five years for deciding what stocks the fund should buy or sell. In fact, said SEC, the Slaytons made no market decisions. They let Stephen M. Jaquith of Manhattan's Model, Roland & Stone brokerage firm choose what stocks to trade-and also gave Jaquith Managed Funds' brokerage business. Jaquith's commissions: $1,188,155. Another Model, Roland & Stone employee, who collected $240,831: Harold W. Smith, Hovey Slayton's brother...