Word: sec
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Dates: during 1970-1979
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...Cook, 36, its chair man for just 2½ months, resigned be cause of the "web of circumstance" that involved him in the Vesco case (see BUSINESS). A federal grand jury in New York, which had indicted Robert Vesco, John Mitchell and Maurice Stans, said Cook deleted from an SEC complaint against Financier Vesco all references to the $250,000 that Vesco donated to the campaign fund headed by Stans...
What brought Cook's tenure to an ignominious end was his involvement in the SEC'S investigation of Financier Robert Vesco, whom the agency accuses of looting securities from the I.O.S. mutual-fund empire started by Bernard Cornfeld. For weeks rumors circulated that Cook, as the commission's general counsel, had deleted from an SEC complaint any mention of Vesco's $200,000 cash contribution to President Nixon's re-election campaign. Supposedly, Cook did that at the urging of former Attorney General John Mitchell, then director of the Committee for the Re-Election...
Bradford Cook abruptly resigned as SEC head after only 74 days in the job, thus becoming another victim of the spreading Watergate-related revelations. Eleven short weeks ago, Cook seemed likely to make his mark as the youngest SEC chief ever (he is 36), and one who would carry out the far-reaching stock-market reforms begun by his predecessor, William J. Casey; instead, he will have only the unhappy distinction of the shortest chairmanship in the SEC's 39-year history. His departure leaves a shaken agency that will have difficulty carrying out its role of guiding...
...tune after a 5½-hour grilling by a Senate subcommittee last Monday. During the closed-door session, Cook admitted to Wisconsin Democrat William Proxmire that he had held three or four meetings with Mitchell and/or Stans to discuss how the Vesco contribution should be handled in the SEC complaint. There had even been a cozy tête-à-tête with Stans at a goose hunt in Eagle Lake, Texas...
Cook emerged clearly distressed, and on Wednesday called a press conference to announce his resignation. Still protesting innocence, he said he had been caught in a "web of circumstance" that had impaired his credibility and thus the SEC...