Word: sec
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Dates: during 1960-1969
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...Board practice, actual stock prices are published, not including the fixed broker's commission. By contrast, an over-the-counter stock quoted at $40.50, including a 3% "retail markup," is actually worth $39.25. Because the buyer never knows the size of the hidden markup, the SEC said that the practice is deceptive and urged the National Association of Securities Dealers to publish true prices instead. The NASD objected, arguing that this practice would drastically cut profits and drive small dealers out of business...
...legitimate All-America candidate who has aver aged 6 yds. per carry so far this season. Flanker Harold Busby is a threat to go all the way any time he gets his hands on one of Beban's passes-because he runs the 100-yd. dash in 9.4 sec. Tackle John Richardson (254 Ibs.) and Guard Larry Agajanian (232 Ibs.) supply the beef for a gang-tackling defense that limited Syracuse's own All-America Halfback Floyd Little to 18 yds. in twelve carries and held Missouri to 39 yds. on the ground...
Born. To Winston Spencer Churchill II, 25, BBC commentator, Randolph's son and Sir Winston's grandson; and Minnie d'Erlanger Churchill, 26, daughter of the late BOAC chief: their sec ond child, first daughter; in London...
...associate, Elkin ("Buddy") Gerbert, were charged with conspiracy in the 1960-62 sale of 690,000 shares of Continental Enterprises, Inc., a Jacksonville company that operates movie theaters. The heart of the indictment is that Wolfson and some associates unloaded the shares without registering the transaction with the SEC, as the law demands for such sales of "control" stock...
That is not all of Wolfson's woes. In April, as a result of several shareholder suits, Merritt-Chapman & Scott agreed to slash Chairman Wolfson's annual compensations from last year's $525,-000 to $150,000. The settlement came unstuck when the SEC asked the New York State Supreme Court to adjourn the case temporarily. The Commission's lawyer said that it was completing an investigation that could have consider able bearing on the case. Court hear ings resume this week, and the SEC plans to return with what it calls "ma terial facts" concerning...