Word: sec
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...Jersey investment adviser, pleaded guilty to grand larceny after writing a series of bad checks. That was just one of four such brushes he had with the law, which, in the eyes of the Securities and Exchange Commission, made him unfit to publish the Lowe Investment & Financial Letter. The SEC in 1981 revoked Lowe's registration as an investment adviser and went to court to stop publication of his newsletter. Undeterred, Lowe kept publishing...
...episode involved Paul Thayer, the former businessman who became Deputy Secretary of Defense under President Reagan. While chairman of LTV and a member of the boards of Anheuser-Busch and Allied, Thayer passed to friends information about acquisitions that those companies were planning to make. Thayer later lied to SEC officials about his actions and last month received a four-year prison sentence for obstructing justice...
...fast lane, but last week Danny Sullivan was driving there, as he survived a harrowing 360 degrees spinout to win the Indianapolis 500. "I've had spins before, and I've gotten away with some of them," he said a few days after smoking to victory 2.5 sec. ahead of Mario Andretti. A sometime magazine model and former New York City taxi driver, Sullivan, 35, popped up in Manhattan for a post-Indy lap in a cab. He complains that his go-go playboy image is blown out of proportion. "Everyone talks about the glamour life of racing," he says...
...investigative reporter for a Los Angeles daily, Irwin Fletcher (Chevy Chase) presents himself to various sources as G. Gordon Liddy, Harry S. Truman, Igor Stravinsky, Don Corleone and Arnold Babar (as in the elephant). He also makes up a few monikers: Mr. Poon from the SEC, for example, and John Coctosea ("it's Scotch-Rumanian"). Sometimes he does not bother with name-dropping; he just gets a false beard or teeth from the novelty store and skips blithely into and out of trouble...
...helicopter cabin, Lieut. Frank Powell, chief of Philadelphia's bomb- disposal unit, hefted a canvas satchel holding two 1-lb. tubes filled with a water-based gel explosive. After lighting its 45-sec. fuse, Powell leaned out of the helicopter bay and dropped the device on the roof. His target: a fortified, bunker-like cubicle about 6 ft. square and 8 ft. high...