Word: sec
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...journalist's breach of ethics leads to a major SEC investigation...
...SEC last week continued to delve deep into the matter. The agency is examining every "Heard on the Street" column since August 1982 and has subpoenaed personnel records from several of the paper's staffers. The SEC is also investigating stock transactions of investors suspected of profiting from the leaks, as well as records of the brokerage houses that handled their trades...
Whatever the reason for leaking the information, confidential material can mean hefty payoffs for those who receive it. In its probe, the SEC is examining records of New York City Attorney David W.C. Clark to see whether he profited from leaks. The Journal said Clark invested in stocks and options of at least six companies just a while before Winans wrote about them. By selling them shortly after the columns appeared, Clark made $100,000 on three of the deals, according to the paper...
...Journal case follows a recent flurry of SEC investigations into the misuse of confidential or insider information. Such incidents have been provoked in part by the merger wave that has been sweeping over U.S. industry: Reason: advance knowledge of a takeover bid can lead to big profits. Last January, for example, the SEC charged Paul Thayer, former Deputy Secretary of Defense and ex-chairman of the LTV Corp., with revealing to friends acquisition plans and other inside information concerning companies of which he was a director...
...agency has also been probing the misuse of information by persons other than corporate insiders. In one such case the SEC is examining records of CBS Evening News employees to see whether they invested in G.D. Searle options just before the network broadcast programs that reported Searle's NutraSweet sugar substitute might cause health problems. The CBS employees are suspected of profiting from their advance knowledge of news concerning the company...