Word: sec
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Dates: during 1950-1959
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While the insurance industry argued, the Securities & Exchange Commission last week joined the fracas, seeking to compel the only company now selling the new annuities to the general public to register with the SEC. Three days later, top insurance men thronged a hearing room in the New Jersey state senate and wrangled over three bills which have already received state assembly approval to legalize sale of variable annuities by insurance companies in New Jersey...
...Brien, the rugged, big (6 ft. 3 in., 235 Ibs.) Californian who smashed his own world record this last week with a flip of 61 ft. 4 in.; Dashman Lou Jones of the Second Army, world record holder in the 400 meters at 0:45.4, who was 0.3 sec. off that time last week; Middle-Distance Runner Arnie Sowell, a wisp of a Negro with the delicate legs of a thoroughbred, who set an American record in the 800 meters at 1 :46.7, just a second slower than the worlds record; and, of course, Dave Sime, world record holder...
Stolen Horse. Long after the horse had been stolen, the American Stock Exchange and SEC rushed to the stable, began to investigate to find out the why. The reason was plain. To finance some of his corporate purchases, Albert had borrowed heavily from South Bend, Ind.'s Associates Discount Corp. When Albert fell a year behind in his payments, the Discount Corp. took judgment a fortnight ago on $1,372,622 in Albert loans, tying up his personal bank accounts. When word got out that Albert could not pay his bills...
PENNY STOCK ISSUES would be more tightly controlled by SEC under new rules proposed to Congress. Instead of merely making sellers of small (under $300,000) stock issues liable to civil suit by investors, SEC would make everyone (including company officers and technical experts) connected with such an issue liable to suit "in cases approaching fraud," thus force fullest disclosures about real prospects of company being formed...
...reached an alltime high of 66,205,000 bushels, prices for July futures, i.e., July delivery, dived the permissible 10? limit for the day. The next day the same thing happened as speculators with tiny margins and quick reflexes hastened to unload. Rumors that the Commodity Exchange Authority (the SEC of commodity trading) was going to investigate possible market rigging brought still more stop-loss orders pouring in. At week's end, the CEA investigation rumors quieted; July futures closed at $3.20 per bushel, a loss of about 22? in three days, and the market seemed slightly firmer. Said...