Word: sec
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Morio Shigematsu, 25: the 69th Boston Marathon, pit-patting over the grueling 26-mi. 385-yd. course in 2 hrs. 16 min. 33 sec. to clip a full 2 min. off the record set two years ago by Belgium's Aurele Vandendriessche; at Boston. Shigematsu led a parade of his countrymen across the line; Japanese took second, third, fifth and sixth places as well. Vandendriessche wound up fourth; first U.S. runner to finish was Ralph Buschmann in seventh place...
...Chronology. As the SEC told it, the case involved camouflaged claims, secret pacts, whispered tips to friends, a "false and misleading" press release and some substantial paper fortunes. The SEC chronology: On Nov. 10, 1963, Texas Gulf geologists, headed by Kenneth Darke, were drilling on a claim near Timmins when Darke pulled out an impressive core sample of high-grade copper and zinc-so impressive that he hiked ten miles in the snow to reach his Jeep, then drove into town to call company officials. They notified President Stephens immediately, told the geologists to keep in daily touch. The company...
...privy to a company's secrets and aware of important developments before the public hears of them. Most insiders, of course, are also aware of their responsibilities and careful in their dealings, but the Securities and Exchange Commission has become increasingly concerned about possible abuses. Last week, the SEC threw a glaring light on the insider's role in a case that involved one of the hottest business developments of recent times: the announcement last spring of Texas Gulf Sulphur's rich mineral discovery near Timmins, Ont., which set off a stampede of prospecting and stock speculation...
...SEC charged that 13 Texas Gulf officers, directors and employees had deliberately kept the discovery a secret for four months while they "illegally" bought up or acquired options to buy more than 45,000 shares of the company's stock. The charges stunned Wall Street, involved a venerable banking house and brought the resignation of an Assistant Secretary of Commerce. The defendants in the case included Claude O. Stephens, the president of Texas Gulf; Charles F. Fogarty, the executive vice president; Richard D. Mollison, a vice president; two company geologists, Walter Holyk and Kenneth H. Darke; and a director...
...withholding important news of the company while buying up its stock, the SEC charged in a civil law suit filed in a New York federal district court, the Texas Gulf insiders had violated the antifraud section of the Securities Exchange Act, which declares it unlawful to buy or sell securities while concealing any pertinent facts. In a departure from precedent, the SEC not only sued to have the practice stopped-its usual aim in noncriminal suits of this sort-but, for the first time, to have the stock purchases canceled and any profits returned to the previous owners...