Word: shad
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...increase the likelihood that offenders will be caught -- and that getting caught will hurt. So far the SEC has been reluctant to use the powers of treble confiscation of illegal profits granted to the agency in 1984. That should change. At the same time, the SEC under Chairman John Shad has shown greater eagerness than it had under his predecessors to pursue insider cases. Says Shad: "If the public believes that a few have privileged information and take advantage of it, it is going to shake confidence in the fairness and the integrity of the securities market." Shad's crackdown...
...York City's stock markets had closed for the week when the stunning announcement came. Even so, the bombshell sent the U.S. financial world reeling. In Washington, Securities and Exchange Commission Chairman John Shad announced that Manhattan-based Ivan Boesky, one of Wall Street's richest and most frenetically active individual speculators, had been snared in the biggest insider-trading case ever. In a consent decree Boesky, 49, had agreed to pay $100 million, which Shad described as "by far the largest" settlement obtained by the SEC for insider-trading activity. After a 16 1/2-month transition period in which Boesky...
...arrest is only the latest in SEC Chairman John Shad's war on insider trading. Upon taking office in 1981, he pledged to come down on violators "with hobnail boots." In the past four years, the SEC has filed some 77 insider-trading suits, more than it started in the preceding 32 years. Only two weeks ago, the First Boston investment firm was forced to give up profits of $132,000 and pay a $264,000 penalty for making trades in CIGNA stock based on intelligence it had garnered from company insiders. Last year R. Foster Winans, a former Wall...
...spending a good deal of your budget on what Cambridge has to offer in the way of gastronomical delights. Here's a sample of the area's finest (and not so finest). Good luck and watch out for the Harvard dining halls' steady diet of cod, scrod, and shad...
...home he was a fastidious, obsessive man who did not permit anyone to wear shoes on the carpeting; on the job he was a demon for organization, logging long hours as he supervised a 200-strong enforcement staff and meticulously reviewed proposed cases. According to SEC Chairman John Shad, Fedders demonstrated "unique executive and managerial abilities by increasing the annual volume of enforcement actions by over 50%, with 5% less personnel...