Word: sec
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Washington, SEC last week accused Associated Gas & Electric Co.-company of Howard Hopson, roly-poly bad boy of utilitarians-of deceiving the public by whopping accounting errors...
...duration of the flash can be timed approximately by noting the amount of blur (equal to the distance traveled during exposure) on the bullet. If the bullet travels at 1,000 ft. per sec. and the blur amounts to one-thousandth of a foot, the time interval is one-millionth of a second, fastest exposure ever accomplished...
Last week trouble arrived in the form of an SEC order for a hearing February 14 to determine whether A. G. & E.'s common stock should be delisted from the New York Curb and other stock exchanges. SEC said it believed the company's registration statement to be "false and misleading" in certain particulars which had the effect of substantially overstating assets, etc. A. G. & E. promptly retorted: "It appears that the matters covered by the order relate largely to accounting theory...
...Samuel MacLennan found two old ledgers. They contained the record, written in his own hand, of 16 of the 18 years that Philip Musica lived and swindled as F. Donald Coster. Confronted with the diaries, the three surviving Musicas promptly pleaded guilty to violation of the Securities & Exchange Act. SEC Examiner Adrian S. Humphrey thought them so important that he adjourned his inquiry until the ledgers had been studied...
Last week, with his usual tartness, SEC Chairman William O. Douglas took a fling at directors in general and McKesson & Robbins directors in particular. Plumping for responsible paid directors who would give real attention to their jobs, he urged U. S. corporations to go out and find men who would represent stockholders rather than management or banks. Although there might be plenty of practical problems in staffing directorates with paid "outsiders" (not part of the management) who had the time to know intimately the business they directed, Mr. Douglas said pertinently...