Word: sec
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Dates: during 1970-1979
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...customer. The insurance plan would also bring greater peace of mind to investors who leave cash and fully paid securities in their accounts. Brokers are supposed to keep customers' cash and paid-up stocks separate from their own assets, but Phillip Loomis, general counsel of the SEC, says that cash and stocks "occasionally" vanish from customers' accounts. The SEC recently accused one brokerage firm, Meyerson & Co., of pledging customers' paid-up stock as collateral on bank loans...
...under. Last week Hamer Budge, chairman of the Securities and Exchange Commission, said that at least 35 houses have failed in the past two years. Others that are now vulnerable include houses that have part of their own capital invested in speculative stocks-a risky practice that the SEC might do well to curb. Budge spoke out strongly in favor of proposed legislation to create a federal insurance corporation for brokerages along the lines of the Federal Deposit Insurance Corporation for banks. Congress seems eager to set up something of the sort to prevent investors from getting stung if their...
...stars, they respond in a precise and predictable way: they radiate electromagnetic waves at characteristic frequencies. Detected by radio telescopes, these waves are the "fingerprints" that scientists use to identify interstellar molecules. Carbon-monoxide molecules, for example, radiate at an incredible 115 billion hertz (115 billion cycles per sec...
...What follows," said Walter Cronkite two-thirds of the way through a regular newscast last week, "is unusual for the CBS Evening News." Indeed it was. For the rest of the program was given over to an 8 min. 40 sec. report on the accuracy of a 1 min. 50 sec. news item that was telecast last November...
...citizens anywhere in the world. Reason: the company refused to comply with full-disclosure rules. Now, ambitious John King plans to invade the U.S. with I.O.S. funds if he can resolve "all I.O.S. matters now pending before the commission." Before he does that, he may have to seek SEC permission for U.S. banks and even King Resources itself to participate in any rescue deal. Another factor that could delay completion of the rescue is the lateness of the audited financial statements of I.O.S. for 1969. Due the first week of this month, they may not be ready until next week...