Word: sec
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Dates: during 1950-1959
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...Sec Cover...
Before last week, the course had been run only twice. In 1938 Dick Durrance did it in twelve minutes; a year later, Austria's Toni Matt went down wide open in the seemingly unbelievable time of 6 min. 29 sec. This year, 13 topnotch skiers made up their minds to try it despite the foul weather-not from the summit, but from a point three-quarters of the way up the mountain...
...winner: Bill Beck, who first tried the headwall at the age of ten, in the amazing time of 4 min. 14 sec. For a wonder, no one broke any bones...
...five years, Sharpe manipulated Mrs. Eaves's investments through a series of 648 transactions, made a third of his income from commission on the transactions. In the process, Mrs. Eaves's holdings shrank to $31,700. Last week the SEC ruled that the National Association of Securities Dealers was justified in expelling R. H. Johnson & Co. from membership, revoking Salesman Sharpe's broker registration and suspending the registration of two of the firm's Boston partners for one year. It was the third time in six years that the firm had been disciplined for unethical practices...
...sell one of American's subsidiaries, the Washington Water Power Co., to three Public Utility Districts, he thought the deal was all settled (TIME, Jan. 14). But he reckoned without American Power's directors. A majority of them protested the sale after stockholders opposed it before the SEC. The directors took the position that the Washington Water Power stock, which American Power must get rid of under the Public Utilities Holding Company Act, should not be sold to the P.U.D.s, but distributed to American Power's stockholders. Aller was reportedly told by American Power officials that they...