Word: sec
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Dates: during 1970-1979
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Mitchell freely admitted, as the prosecution charged, that after Vesco's donation was received he set up a meeting between the financier's lawyer and William Casey, then head of the SEC. The way Mitchell told it, he was not obstructing justice, as the Government claimed, but helping it along-putting Vesco's people in touch with Casey so that they could discuss the case. Indeed, Mitchell defiantly jutted out his beefy jaw on the point. When the prosecution asked if he "willingly" called Casey, Mitchell said that he did it "gladly," emphasizing the word as though...
...delivered the secret donation to Stans? No, said Mitchell, he could not recall meeting Vesco before the spring of 1972. Mitchell brushed aside a letter to Sears written in June 1971 and signed "John" thanking Sears for sending Mitchell a packet of letters spelling out Vesco's SEC troubles. He received thousands of letters as Attorney General, said Mitchell, and many were routinely answered by Justice Department secretaries without his ever seeing them. He also denied agreeing on Jan. 12, 1972, to set up a meeting for Sears with William J. Casey, then SEC chairman, to discuss the Vesco...
Mitchell's most stringent denial came on Sears' charge that the former Attorney General had agreed to help quash SEC subpoenas issued to Vesco and four key Vesco aides. Sears testified he told Mitchell that Vesco was threatening to expose the gift, and that Mitchell said he would go to White House Counsel John Dean to try to get the subpoenas delayed until after the election. Dean testified that he did indeed respond to Mitchell's request by asking Casey to hold up the subpoenas, but that Casey refused. For his part, Mitchell maintained...
Dean's testimony was also directly rebutted by Mitchell. No, he had never asked Dean to telephone Casey concerning Vesco. No, he had not, as Dean testified, discussed the pending SEC complaint against Vesco when he huddled with Dean and Stans at New York's Metropolitan Club on Nov. 15, 1972. Finally, he denied warning Dean, after testifying in March 1973 before a federal grand jury looking into the Vesco donation, that the panel was a "runaway grand jury." Dean testified that Mitchell asked him to telephone Richard Kleindienst, then Attorney General, and alert Kleindienst to the grand...
Most brokerage firms, however, are looking ahead with some trepidation to May 1975, when fixed rates are scheduled to be abolished on all trades. Three years ago, under pressure from the SEC and the Justice Department, brokers' fees on big transactions-at present $300,000 or more-were unfixed. That move led to genuine rate-cutting competition for the business of such big-block traders as insurance companies and pension funds. The drop in commissions has cost New York Stock Exchange member firms alone an estimated $80 million a year in lost revenues...