Word: sec
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Dates: during 1980-1989
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Randall D. Cecola was sentenced to six-years probation less than two months after an out-of-court settlement on charges of insider trading brought against him by the Securities Exchange Commission (SEC...
...million on the day he paid the $100,000 for them, Dec. 31. Lubensky bought the stock for the lower price from a friend, Wheeling Chairman Allen Paulson, who resigned a week later. Paulson apparently intends to use the virtual giveaway as an income-tax write-off. SEC officials said the deal was legal, but an IRS spokesman said it would arouse scrutiny at the agency...
...emerged from the phone booth-size cockpit of his spindly aircraft Voyager. For Rutan, 48, and his copilot Jeana Yeager, 34, the landing at Edwards Air Force Base, Calif., marked the completion of an extraordinary mission: a 25,012-mile global trip in 9 days, 3 min. and 44 sec., the first time that a plane had circled the earth nonstop without refueling...
...that battered the plane and severely jostled both pilots over stretches as long as 18 hours. The most precarious moment occurred near the end of the voyage, over western Mexico, when the plane's rear engine, the only one running at the time, temporarily died. Over the next 90 sec., before the front engine was started to compensate for the loss, the craft plummeted from 8,500 ft. to about...
...part of his settlement with the SEC, Boesky reportedly had allowed investigators to tape-record his business conversations, which implied to nervous Wall Streeters that more culprits were likely to be snared in the weeks and months ahead. Most intensely watched was the go-go investment firm Drexel Burnham Lambert, which had close ties to Boesky and ranked as Wall Street's leading financier of corporate raiders through high-yield, high-risk junk bonds...