Word: sec
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Dates: during 1960-1969
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Like the market itself, Funston has had his downs as well as ups. Insiders complain that he failed to strengthen his spotty staff and that he had a chip on his shoulder in dealing with the Securities and Exchange Commission. Relations were much smoother between the SEC and American Stock Exchange President Edwin D. Etherington who, before he accepted the presidency of Wesleyan University this summer, was the favored choice to follow Funston...
...rocket's nose was a complex instrument package designed by Physicist Herbert Gursky and containing a sensitive X-ray scanner and a small camera pointed at Scorpio for 55 sec. of the brief ballistic flight. By measuring the changing intensity of X rays detected by the scanner and coordinating the scanner with the camera, Giacconi's group was able to locate Scorpio's X-ray source about 1,000 times as accurately as any previous studies. They also determined the angular size of the radiating object itself, and concluded that the X-ray source would probably appear...
...sixth race, he seemed hopelessly behind McNamara. But a wind shift caught McNamara unawares and then, rounding the first mark, the Bostonian and his two-man crew somehow committed the neophyte's gaffe of letting their spinnaker whip into an hourglass snarl. They took 1 min. 30 sec. to unfoul it, and limped in seventh to Cox's sixth. That put Cox only H points behind, 39|-381, and he poured it on in the seventh race-outmaneuvering his shaken opponent, then covering him all the way to a second-place finish against...
...chance to skim first around the buoy. Frantically trying to make up lost ground, McNamara and his crew then did the incredible once again. The spinnaker was billowing; then as they jibed, flutter, flutter, there it was, snarled around the headstay. This time it took 2 min. 35 sec. to un tangle the mess, and by then Bill Cox was well ahead and home free for the championship...
Last year the U.S. Securities and Exchange Commission accused twelve directors, executives and employees of the Texas Gulf Sulphur Co. of using "insiders' " information to their own profit. According to the SEC, the twelve knew about the company's rich new mineral strike near Timmins, Ont., and started buying up stocks before a public announcement was made. Going to court, the SEC demanded among other things that the twelve be required to divest themselves of the Texas Gulf stock, plus any profits that they had picked up as insiders...