Word: sec
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Dates: during 1960-1969
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...create the appearance of great public interest, promoters sold stock through boiler-room operations, also arranged with cooperating brokers to buy shares, offering to purchase them at cost plus a 1/16-to 1/4-point profit for the broker. Seeing the stock rise, other brokers jumped in, began trading. All told, the SEC discovered, some 190 firms bought and sold Oreclone shares, either as principals or brokers...
...peak, a new group of sharpers moved in, said Lefkowitz. Knowing the stock was astronomically overpriced, they began selling short. Among those known to have sold short, said Lefkowitz, were two ex-convicts, Sidney Barcley and Morris ("The Weasel") Miller, who got one-year prison terms in 1958 for SEC violations involving Canadian oil and uranium stocks. After the price plummeted, Barcley made the rounds of sweating brokerage houses offering "mob money" to bail the brokers out and take over their businesses...
...Already the most remarkable swimmer the world has ever known, Australia's Latvia-born John Konrads, 17, thrashed through a Sydney pool to lower his world record for 220 yds. by .3 sec. with a time of 2:01.9, round into form for his ambitious attempt this month to capture or better every world freestyle record from 100 meters on up. In all but four events (100 meters, 110 yds., 200 meters, 400 meters), Konrads will be swimming against himself, since he already holds every other record...
...next day, going for glory, Penny fell during the slalom, finished in 50.1 sec. Fishtailing through gates so effortlessly that her hips scarcely seemed to move, Austria's Hecher flashed home in 48.2 sec. Penny fought back her tears and tackled her second run with female fury, plummeting down the chopped-up course in the remarkable time of 48.3 sec. for a two-turn total of 98.4. When Hecher folded under the pressure and ended with 99 sec., Penny again seemed to stand supreme. Then, adding to American feminine prestige, California's Linda Meyers, 22, startled the crowd...
...Australia's Prodigy Ilsa Konrads, 15, clipped 3.2 sec. off the world's record to win the 440-yd. freestyle event in 4:45.4 at the New South Wales swimming championships. Swimmer Konrads' time also eclipsed the record for 400 meters, ran her collection of world freestyle championships to six: 800 meters, 880 yds., 1,500 meters...