Word: res
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Dates: during 1960-1969
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...officials of the American Stock Exchange, something seemed decidedly fishy in the Wall Street firm of Re, Re & Sagarese. A year and a half ago, even though the Res had been cleared of wrongdoing by the Exchange's Board, the exchange launched an investigation into the activities of Gerard A. Re and his son Gerard Jr. Both are partners in their own house (Partner Sagarese was not involved) and were specialists on the floor of the exchange, meaning that they had the highly trusted responsibility of "making the market" or setting the price in some stocks...
Amex turned over its finding to the Securities and Exchange Commission, which was already conducting its own investigation of the Res, and suspended the Res as specialists after the SEC issued a complaint last May. Last week, after a year of further digging, SEC investigators agreed that something indeed was fishy. They filed a brief charging the Res with "deliberate and gross" violations of law that did "many millions of dollars of harm" to thousands of stockholders, urged the SEC to expel both men from the exchange and revoke their broker-dealer licenses. After further hearings, the SEC can also...
Dummy Accounts. The Res, according to testimony, used their inside position as specialists to set up an "underground business combine" that rigged markets in certain stocks, made the Res an estimated profit of $3,000,000 between 1954 and 1960. The Res would first arrange to buy stock at bargain prices from hard-pressed insiders in such companies as Thompson-Starrett, Skiatron Electronics. Silver Creek Precision Corp. and United Pacific Aluminum Corp. To avoid the SEC regulations that any company that wishes to sell stock publicly must register with the commission, the Res then funneled the stock into dummy accounts...
Derived from a ghastly-lovely medieval ballad (Töres dotter i Vänge), the film tells the story of two sisters, one dark (Gunnel Lindblom) and one fair (Birgitta Pettersson), one serving Wotan and the other Christ, one sunk in nature and the other lost in light. The dark sister hates the fair sister, and one morning, when the two girls ride together through the forest to bring candles to the village church, the dark sister secretly opens the fair sister's bread and slips a toad inside. Then, in the depths of the forest, she turns...
...Res Ipsa Loquitur. A.M.A. studies show that two-thirds of malpractice claims originate from in-hospital incidents. Sponges occasionally are sewn into patients' stomachs (a group of California hospitals recently reported a run on "lost sponges"-18 in a single year). Obstetricians have been known to deliver one baby and quit, leaving its twin behind. Surgeons have removed a kidney only to discover that one is all the patient had. A more common cause: transfusions of mismatched blood, which kill about 3,000 patients a year in the U.S., injure thousands more. In such cases, where human error...