Word: res
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Dates: during 1960-1969
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...medias res. If the button-down, scrubbed-looking, youthful Kingston Trio (TIME, July 11) are the undergraduates of big-time U.S. folksinging, the Limeliters are the faculty, and the chairman of the department is 37-year-old Lou Gottlieb, who in 1958 took his doctorate in musicology at the Berkeley campus of the University of California, presenting a thesis consisting of previously unpublished 15th century cyclic masses. On and offstage, Gottlieb continually seems to be wondering if he really exists, drops great polysyllables and 18-carat clichés like in extenso and in medias res, which are woofed into...
...five years of market rigging and price fixing (they have since been expelled from the exchange). Behind the commission's terse promise to check on the "rules, policies, practices and procedures" governing Amex's specialists and other members lay an evident determination to find out how the Res had got away with their shenanigans under the supposedly vigilant eyes of both Amex and SEC officials...
...least 100,000 shares outstanding), feels free to accept a promising company even if it has no earnings. More of a professional's market than the Big Board, Amex operates in a climate of headier speculation and less disclosure-all of which set the scene for the Res...
...stock specialists, charged with maintaining a "fair and orderly'' market in the stocks assigned to them, the Res were both brokers executing floor orders for other brokers, and traders on their own account. In their role of brokers' broker, they acquired, like all specialists, a treasury of inside information-a situation that has led some critics to charge all specialists with automatic conflict of interest...
McCormick. according to testimony given to the SEC, was upset when the board cleared the Res, pushed to have them suspended. Last week, although federal law already prohibited the actions of the Res, Amex announced that it had adopted "a series of rules and policies which, it is confident, will prevent the recurrence of a similar situation...