Word: pecora
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Dates: during 1960-1969
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...completely free of the fix. In Newark, corruption is rampant. One ganster recently confided to another that $12,000 a month flows to police superiors for protection? which sometimes goes beyond a shield for illicit activities. When he vacationed on the West Coast last Spring, for example, Thomas Pecora, a boss of Teamsters Local 97 as well as a Mafia man, took along a Newark city detective as a bodyguard...
...largest securities market, with damaging consequences for brokerage firms and investors alike. "I have no doubt," he said, "that the securities markets as we know them today would cease to exist." The government and Wall Street thus reached a point of tense confrontation in the bitterest clash since the Pecora investigation in the early...
...group found few outright abuses of the stock market's rules, but its recommendations struck deeply at five major areas (see box on next page) that make up the very heart of the market, promised the most sweeping overhaul of Wall Street since the Pecora investigation set up the SEC 30 years ago. The SEC recommended that trading in stock issues that are "unlisted" on any exchange be automated and perhaps made cheaper for the investor, and that the cost of trading in "odd lots" of fewer than 100 shares be lowered. It asked for closer regulation...
FRANK PACE WILLIAM PALEY ALICIA PATTERSON FERDINAND PECORA CLAUDE PEPPER FRANCES PERKINS JAMES C. PETRILLO SYLVIA PORTER ROBERT PRESTON GWILYM A. PRICE LEONTYNE PRICE NATHAN PUSEY