Word: sec
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Dates: during 1950-1959
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This week the Securities and Exchange Commission served up another reason for optimism. Based on its latest survey, said SEC, industry plans to spend $27.3 billion on new plants and equipment this year, only 4% less than in record-breaking 1953. In the first quarter, such outlays are running at the record annual rate of $28 billion, v. a $27.8 billion rate in the first quarter...
...broadcast, Winchell has been as full of tips as a market newsletter. The Securities Exchange Commission, which questioned the sources of his tip-stering several years ago, but retreated when Winchell pleaded "freedom of the press," is not officially concerned with his latest interest. Winchell has assured the SEC that he does not receive payment for giving advice. But many an amateur investor who followed his advice would have been better off if he had stayed away from his radio or TV set. Sample Winchell tips...
...more. The drill cores brought up from some 17,000 ft. were not soft, oily limestone but dry, hard rock. After Vasen refused to have a laboratory analysis made of the cores, the Rothbarts asked for their money back. When they did not get it, they went to the SEC...
...been convicted of a confidence racket in Iowa 20 years before and served a five-year prison term, had been convicted of a similar offense in Illinois in 1941 (which the state Supreme Court reversed), and later got in trouble in Mississippi over his tung-nut dealings. The SEC tracked down 600 small investors who had poured between $2,000,000 and $3,000,000 into Vasen's bottomless well...
...American economics equates private investment from the United States with a strong desire to dominate built-up enterprises and drive out the native entrepreneurs. Aside from South American fears, the new Administration faces the problem of inducing domestic capital to leave the local security of equitable laws and sane SEC regulations for Latin America's often inhospitable economic policies...