Word: sec
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Dates: during 1970-1979
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...watchdog agency into such new activities as demanding disclosure of bribes paid to Government officials by U.S. corporations. When Garrett leaves to rejoin his Chicago law firm, he will be succeeded by a corporate lawyer who may ruffle almost as many feathers. Last week President Ford nominated as the SEC's new chief Roderick M. Hills, 44, a presidential assistant and head of a White House task force looking into ways to reform federal regulatory agencies like the SEC. If the Senate confirms Hills, which is likely, Ford will have created Washington's most formidably titled husband-wife...
Hills' nomination comes as Wall Street prepares to do battle with the SEC over one of the last vestiges of the brokerage community's old "private club" organization: New York Stock Exchange Rule 394, which forces member brokers of the Big Board to do most of their trading only on the exchange floor. The SEC will open hearings on possible abolition or modification of the rule later this month. The agency has long believed 394 tends to prevent brokers from getting the best possible prices for their clients by forcing them to deal for the most part only...
...information about bribery payments uncovered no traces of the corporation's questionable overseas sales habits. William E. Simon, Secretary of the Treasury Department and chairman of the ELGB, told the Banking Committee at the August 25 hearings that he and co-members Ray Garrett, Jr., chairman of the SEC, and Arthur F. Burns, chairman of the Federal Reserve Board, were "distressed" at the new disclosures. But Simons hedged on Proxmire's recommendation that the ELGB announce its intention to stop the loan if bribes continued. He insisted instead that "we'll stop the bribery," although he couldn't suggest...
...time it took to read the previous paragraph, the world's richest horse race was over. The million-dollar quarter-mile All-American Futurity, run last week at Ruidoso Downs, N. Mex., was won in exactly 21.98 sec. As the ultimate sprint for quarter horses−cowboy mounts bred for brief bursts of speed, often by crossbreeding with thoroughbreds−the Futurity yielded an opulent purse of no less than $330,000 to the winner, a fat 58% more than the $209,600 first prize at the Kentucky Derby. Even the tenth horse, which was scratched, collected...
After 20 minutes of cutting and brightening the speech, Kissinger opened his briefcase and took out three folders. When Kissinger came to a document marked TOP SECRET SENSITIVE EXCLUSIVELY EYES ONLY CONTAINS CODEWORD, Rossi clicked away at 1/30 sec., f/5.6 with TriX rated 1200 ASA in his 35-mm. Canon equipped with 600-mm. lens. What the camera recorded was a report on diplomatic relations between Paris and Hanoi based on information from "an established CIA source with excellent access" in the French Foreign Ministry. According to the CIA source, the French felt "deceived by Hanoi's assurances that...