Word: sec
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Dates: during 1950-1959
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STOCK SALES of new issues will be helped by changes in SEC rules. Instead of restricting companies to "tombstone ads," i.e., bare facts a out the broker's name, address, and the security to be sold, SEC will permit them to publish advance sales bulletins with enough detail about pricing and underwriting to attract dealers and customers...
...Securities and Exchange Commission can persuade Congress to give it a stronger hand as referee. SEChairman J. Sinclair Armstrong will ask for authority to require all proxy solicitors to 1) identify themselves and their backers, 2) refrain from making character attacks on opponents or predictions about earnings and dividends. SEC also wants more power to censor proxy letters, newspaper ads, press handouts, etc., before release...
...Goshen, N.Y., in harness racing's Kentucky Derby, Scott Frost, a three-year-old California bay colt, took the $85,000 Hambletonian. Time for final heat: 2 min. 3/5 sec., only 3/5 sec. slower than the record set by the winner's sire, Hoot...
...Bobet made the long grind of the Tour de France (TIME, Aug. 9, 1954), pedaled for 22 days through Belgium, Switzerland, Germany and around the rim of France, covered more than 2,700 miles and came home first to Paris' Parc-des-Princes stadium. Just 4 min. 52 sec. behind: Belgium's Jean Brankart...
...midnight just 9 days, 15 hrs., 5 min. and 10 sec. after clearing the No. 2 buoy in Los Angeles harbor, the Morning Star glided like a ghost ship into a searchlight beam off Diamond Head. Once more she was first to finish; she had trimmed 19 hours off her old record. Said Rheem: "I wouldn't want to try and break that one." Then, as before, he settled back to wait and see who had really...