Word: sec
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...bargaining has also posed a tactical problem for the Watergate prosecutors, as illustrated by the trial of John Mitchell and Maurice Stans in the SEC-Vesco case. While appearing for the prosecution, John Dean admitted that he hoped his testimony would help to hold down his own sentence; the jury consequently discounted most of what he said. Jaworski's office now seems to have decided that it is wiser to have sentences meted out before trying to use a bargained witness. So this week Colson will get his-as much as five years in prison plus...
Although Jackson's overdeveloped build leads to frequent muscle pulls-he sat on the bench for five days recently nursing a hamstring pull in his right leg-it also equips him with 9.6-sec. speed in the 100-yd. dash. But his game utilizes more than power and speed. "Reggie is a smart hitter," says the California Angels' Frank Robinson, one of only three players to win the batting triple crown in the past quarter-century. "This time you may strike him out, but next time he'll be waiting." In fact, Jackson goes to the plate...
...request of Franklin's directors, the SEC suspended all trading in Franklin stock until after Memorial Day, giving the bank time to sort out its management and possibly to revise its financial statements. Franklin announced plans to raise money by selling $50 million of new stock to present shareholders, and Michele Sindona, an Italian financier who bought 21% of Franklin's stock for $40 million in 1972, offered to buy any of the new shares that could not be sold to others...
Garrett, a Chicago securities lawyer who served on the SEC staff in the 1950s, quickly supported the elevation of Veteran Staffer Irving M. Pollack to a seat on the five-member commission (TIME, Feb. 11), a move that boosted morale by demonstrating respect for professionalism. Enforcement activities have picked up, as the recent filing of long-awaited fraud suits in the Penn Central case shows...
...exchange he set a firm deadline of April 30, 1975, for scrapping fixed commissions on all trades and substituting negotiated commissions. "We decided," says Garrett, "to stop the uncertainty and fix the timetable." That comment underscores his determination to set in motion reforms that have been stuck in the SEC's pipeline for years. One of the more important is a proposal to flash on a single composite tape the latest prices for securities traded on any exchange in the country. Garrett reports that a 40-week trial run for 15 representative securities will begin in October...