Word: sec
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Dates: during 1930-1939
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...awarded in compensation for the losses. Sounding the stand-and-deliver order was Justice Edgar J. Lauer, whose wife is currently serving a three-month jail sentence for smuggling (TIME, May 15), who himself resigned from the bench (effective June 15). Meanwhile, Austin Silver, having settled its difficulties with SEC, has a new set of officers, is being offered at 181/2? a share...
...SEC under its new chairman, Jerome Frank (elected last week by a three-to-two vote of the Commission) promptly began building up its case...
Ever since roly-poly Howard Hopson was caught lobbying against the Public Utility Holding Company Act of 1935, nothing so delights official Washington as seeing his vast Associated Gas & Electric Co. caught off-base. SEC is trying to delist A. G. & E. stock from the New York Curb Exchange because of alleged "false and misleading" statements in its prospectus. Last week its investigation turned up a choice tidbit which SEC promptly speared...
...list of its salaries submitted to SEC, A. G. & E. recorded paying one Ben Grey $55,000 for eleven months' work in 1937. Promptly SEC raised an astonished eyebrow. Who, it asked was this mysterious person and what service had he performed for A. G. & E. to earn such a fat fee? Last week A. G. & E. Vice President Fred F. Burroughs appeared unhappily before SEC to explain. Fidgeting, he told SEC Lawyer Lewis Dabney that Ben Grey was a short man with a blond mustache whose job had been "to mix with the right people" in Washington...
This week SEC will call Ben Grey to explain himself. At last week's hearings A. G. & E.'s Burroughs told Interrogator Dabney that among the men on whom Ben Grey reported was Lewis Dabney himself...