Word: slaytons
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Dates: during 1960-1969
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Trouble for Managed Funds began last July when SEC suspended Managed Funds' registration, stopped the sale of its stock. At fault, said SEC, were the fund's founders and chief officers, Hilton H. Slayton and Hovey E. Slayton. Although the Slayton cousins had built Managed Funds into a fund with 22,000 stockholders and investments of $80 million, SEC found that as Managed Funds' managers, the Slay tons left much to be desired...