Word: sec
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David Ruder, chairman of the SEC, inadvertently sets off rumors that the N.Y.S.E. may be shut down. The market skids an additional 100 points in the next hour...
...weeks and months ahead, Wall Street's high-to-higher-flying style may be further crimped by additional Government regulation. David Ruder, chairman of the Securities and Exchange Commission, ordered the SEC staff to consider immediately ways to limit future mammoth market swings. Edward Markey, the Democratic chairman of the House Telecommunications and Finance Subcommittee, has called for hearings into the role of computerized trading programs that dump securities when the market falls...
...running track not far from the casino strip. Here Bill Cosby is hurling himself through a series of sprints, his sturdy 6-ft. frame showing the form that won collegiate championships three decades earlier. The stride is long and smooth, and the pace is brisk through 300 meters (43 sec.) and 600 meters (1:48). Cosby beats his target times and beams with satisfaction. He rewards himself with a Cuban cigar the size of a relay baton and sets a faster goal for tomorrow...
...long races in the high- 90s heat, and medics cool the runners down with towels soaked in ice water. But Eric Tosada, a springy 18-year-old track man from Puerto Rico, doesn't even bother to sit down after clicking off 3,000 meters in 9 min. 38 sec., a new world record for Special Olympians. (The overall world record is 7 min. 32.01 sec.) He bounces around delightedly, and comes to prideful attention when his picture is taken. Another kind of athletic accomplishment is that of George Kelsey of New Jersey, who cannot push with his arms...
...began to seem as if the chairmanship of the Securities and Exchange Commission would go begging until David Sturtevant Ruder, 58, a Northwestern University law professor, ended a six-month White House search by accepting the $82,500-a-year position last week. Ruder has taught courses in SEC law and written extensively on securities, but some skeptics in Congress wonder if he is the "tough cop" needed to continue the crackdown on Wall Street's insider-trading scandal...