Word: sec
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...donation was made by Robert L. Vesco, 37, a shrewd international financial operator. He had bought control of Bernard Cornfeld's International Overseas Services mutual-fund complex early in 1971 and then, according to the SEC civil suit, led 41 other defendants in "looting" $224 million from four IOS funds. The case is intriguing in view of Vesco's connections. As an administrative assistant in his business, Vesco employed Donald Nixon, 26, a nephew of the President. Vesco's lawyers were able to enlist the help of one of the President's brothers, Edward Nixon...
...fact that the SEC was investigating Vesco's IOS financial shenanigans became a matter of wide public knowledge when a federal judge in New Jersey dismissed Vesco's suit attempting to block the SEC probe...
...methods" in marketing securities, claiming that its salesmen failed to tell prospective investors that the church is in financial trouble. In addition, the U.S. Securities and Exchange Commission has asked a federal court to appoint a receiver to take over all of the cathedral's assets. According to SEC lawyers, the church has spent $7.3 million more than it has taken in over the 18 months ending Dec. 31, and currently has $4.2 million more in liabilities than assets...
Ohio Commerce Director Dennis Shaul wants Humbard to stop issuing securities and to establish a cash reserve of up to $3,000,000 to ensure that cathedral investors can get their money back if they want. The SEC wants a receiver to put the cathedral back in the black, even if it means selling off some of its assets. Humbard's lawyers will try to work out a compromise at court hearings this week and next...
...champion somehow pulled himself up on the ropes and Referee Arthur Mercante signaled the fighters to continue. Foreman obliged by hitting the nearly helpless Frazier with a head-snapping right cross that put him down for the sixth and final time. Mercante stopped the slaughter at 1 min. 35 sec. of the second round. In the ensuing bedlam, Foreman shoved his way to Frazier's corner and told the fallen champion that "I respect you more than any man in modern boxing. You were a great champion." Frazier, glassy-eyed and bleeding from a split lower lip, muttered, "Right...