Word: sec
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Dates: during 1960-1969
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Last week Eddie Gilbert, still trim at 43, entered a courtroom in New York for sentencing on federal charges arising from his 1962 malefaction. Assistant U.S. Attorney Michael Armstrong praised Gilbert, who had pleaded guilty to three counts of his indictment, for having "cooperated with the Government and the SEC." His own attorney described him as "thoroughly contrite." While the defendant stood numbly, Judge Edmund L. Palmieri pronounced sentence: a $21,000 fine, two years in prison. Having also pleaded guilty to state larceny charges, Gilbert next faces sentencing in New York State Supreme Court, where he could...
Created by act of Congress, the quasi-official association had, until then, been less than effective in regulating the rapidly expanding but hopelessly decentralized over-the-counter market. Haack quickly stamped himself as a man who could work closely with the SEC, yet keep the best interest of the N.A.S.D.'s member firms in mind. He strengthened the association's staff, made available more realistic stock quotations, stiffened requirements for dealing in securities. At the same time, arguing that more thorough study was required, he held out against SEC insistence on tighter supervision of mutual-fund sales practices...
...homebody, insists that his family (he and his wife, Catherine, have four children, aged 14 to 22) is his only real hobby. At the time he joined the N.A.S.D., he characteristically expressed regret at abandoning the "relatively uncomplicated" life he had been living in Milwaukee. What with the SEC and member firms looking over his shoulder, Haack might find that his life as capitalism's No. 1 salesman is quite complicated...
Still, film makers have a difficult time figuring out how far they can go without getting into trouble. Only last week, 20th Century-Fox confirmed details of a go-round over their new Doris Day epic, Caprice. Seems that N.C.O.M.P. wanted Fox to slice out a 3½-sec. strip of film showing Shanghai-born Starlet Irene Tsu in a bikini. Well, not exactly in. In this sequence, Irene dives into a swimming pool, and the impact dislodges the bottom half of her bikini somewhat...
First there was the Wilt Chamberlain Rule, designed to force him away from the basket by widening the "3-sec. zone," in which an offensive player can remain for only 3 sec. at a time. Next came the Bill Russell Rule, which forbids blocking a shot when the ball is on its downward course. Now there is the Lew Alcindor Rule. College basketball's rules makers decided last week that players may no longer "dunk" or "stuff" the ball by ramming it through the hoop from directly above...