Word: sec
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Dates: during 1970-1979
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MARCH 1972. Sears called Mitchell again to solicit help in setting up a meeting with officials at SEC to discuss their investigation of Vesco. The meeting was held May 11. It was attended by Sears, William J. Casey, who was then SEC chairman, and G. Bradford Cook, who is the newly named SEC chairman...
...SEC filed a spectacular civil suit against Vesco and others involved with IOS. It charged misappropriation of IOS money and asked that IOS mutual funds and International Controls be placed in receivership for protection of investors...
...lawyer for the Nixon finance committee wrote to Vesco, noting "it has come to our attention" that Vesco was under investigation by the SEC and that therefore "we believe it is in your best interest, as well as ours, that the contributions be returned." Both the $200,000 unreported cash donation and another $50,000, given by checks and properly reported, were then returned to Vesco...
Many of these facts were cited in a 371-page deposition taken from Sears by SEC attorneys for the Vesco trial, which is scheduled to begin this week in New York. Nobody has yet denied that these events took place...
Three major questions, however, are much in dispute. Was Mitchell's intervention with Swiss and SEC authorities a routine service for a political associate (he and Sears had known each other since the 1968 Nixon campaign) or an application of special pressure? Did officials of the C.R.P. or Vesco suggest that the $200,000 be given in cash? Was the committee legally obligated to report the cash donation...