Word: sec
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Dates: during 1970-1979
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Alarmed, three of Adela's investors filed bankruptcy proceedings against her earlier this month. Meanwhile, the New York State attorney general's office had been conducting the investigation that led to last week's indictment. The SEC is pursuing a separate inquiry...
Lately, Bluhdorn has been uncustomarily silent. Three separate investigations are being made into the affairs of Gulf & Western, its subsidiaries and some of its officers and directors. The SEC is looking into, among other things, the adequacy of the company's public disclosure in connection with transactions of G & W's securities, the company's pension funds and its dealings in the shares of an auto-parts subsidiary that had some stock traded on the over-the-counter exchange. Manhattan District Attorney Robert Morgenthau is supervising another probe. Finally, the New York State senate committee on crime...
...will offer as much as a syllable of explanation. One middle-level employee describes the current atmosphere at G & W as "paranoid." It was rather startling that a routine registration statement filed lately by Associates First Capital Corp., a financial-services subsidiary of G & W, was rejected by the SEC because of incomplete disclosure. Even more anguish has been caused to shareholders by the drop in the company's stock: it has sagged by more than 20% this year, leaving Bluhdorn's conglomerate in the humiliating posture of selling for less than $14 a share...
...with an 89-count indictment in 1974 for stealing $2.5 million through fraudulent checks from law firms representing G&W.* He pleaded guilty to one count of forgery a year ago and was sentenced to a jail term of up to three years. Because he "cooperated" with the SEC and District Attorney Morgenthau, Dolkart has received several stays in the execution of his sentence. But even though he gave the SEC sealed testimony on G&W's transactions that Stanley Sporkin, the boss of the commission's division of enforcement, called "reliable and objective," New York State Supreme...
...poor start and surviving a head-to-head backstretch duel, Seattle Slew got the first real test of his racing career and handled it courageously to win the 103rd Kentucky Derby by nearly two lengths. His victory was solid, but hardly overwhelming: his time of 2 min. 2 1/5 sec. for the 1¼-mile Derby distance, particularly the slow final quarter-mile, was well off the pace of past champions, even though the track was quite fast...