Word: sec
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Dates: during 1960-1969
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...summer of the divorce Charlene, for a brief time, stepped out of the racy world she was raised in. She enrolled in a West Palm Beach sec retarial school, attended regularly, earned high marks and was proud of them. Did she want to get a job? Did she long to be a "normal girl...
...knack with "problem horses" that other jockeys have written off. Shrewd, observant and enormously strong (his biceps are almost as big around as his thighs), he is an expert with the whip, once whaled a horse 50 times to win a race that lasted just 1 min. 8 3/5 sec. Another time, at his wife's suggestion, he climbed aboard a doleful 50-1 shot, finished second, forcing everyone to ask "How come?" Said he: "I just noticed when he was warming up that he ran with his head down. He couldn't see where he was going...
...their knitting for a time and stay out of large publicly held companies." In the past, the brothers' most successful operations have been in private companies where they held absolute control, could call the shots without being fenced in by the fear of shareholders' suits and SEC regulations. Admits John: "We'd have some hesitancy now about getting into any more of these involved deals...
...professionals generally applauded the report, banks, insurance companies and other big unlisted firms are sure to lobby hard against the commission's attempts to put them under the full-disclosure, proxy-reporting and insider regulations. Some sort of legislation by Congress is almost certain to emerge from the SEC's investigation. By the end of next month, the SEC will release nine final chapters examining the mutual fund industry, self-regulation, last May's market break, credit and margin buying, and several other subjects. The Senate Banking Committee plans hearings on the entire SEC report...
...SEC investigators found that the stock of a small Long Island firm called Technical Animations, Inc. had jumped immediately after the appearance of a story on the company in TIME, April 28. 1961. They discovered that Joseph Purtell, then business editor of TIME, had bought 2,500 shares of the stock shortly before and sold 1,000 shares shortly after the article appeared. SEC investigation also showed that Purtell had acted similarly in some 26 other cases during the last four of his 15 years as business editor. TIME did not know of these activities when Purtell was dismissed...