Word: seigler
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Dates: during 1960-1969
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...been investigating for "churning" early last year. Leece-Neville Co., for one, zoomed from a 1965 low of $9.50 to $43.38 in April 1966. Another, Rowland Products Co., went from $8 to $48.75. The investigators' suspicions were aroused after the sudden collapse of Edward N. Seigler & Co., a Cleveland brokerage house whose month-old Chicago branch had been trading heavily in the stocks. And Kozak, as it happened, was Seigler's star customer's man in Chicago...
Given the cast of characters involved in the Seigler debacle, many Wall Streeters fear that hoodlums may be involved in some of the price riggings. For one thing, Kozak, a onetime bail bondsman and paint salesman, had brought to Seigler such customers as 325-lb. convicted Con Man Alan Rosenberg, who was dropped by nine gunshot wounds in the spring of 1967 in a still unexplained Chicago murder. About possible gangland involvement in the Pentron case, U.S. Attorney Robert Morgenthau would only say: "I don't want to get into that...