Word: sec
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Dates: during 1940-1949
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Last week the Securities & Exchange Commission stepped in. It charged that Haynes was offering securities without registering with SEC, and stopped further solicitation unless he did register...
...When Landis left Washington in 1937, after authoring the Securities Act and serving two years as SEC chairman, Franklin Roosevelt wrote that he was leaving behind him "a great respect and appreciation for the scholar in government." Landis went back to Harvard as dean of its law school, returned to Washington in 1942 to run the Office of Civilian Defense, stayed on to do wartime and postwar economic chores in the Middle East...
...followed up its monetary reform at home (TIME, Dec. 8) with a move to re-establish its credit abroad: it offered to exchange defaulted Italian bonds, par value $67,936,100, for a new 30-year issue with interest payable in dollars (1% until 1950, 3% from 1952 on). SEC lifted the wartime ban on trading in Italian bonds...
First Chance. After 17 months in office, SEC Chairman James J. Caffrey resigned to go into private law practice, thus gave Republicans their first chance to cast a deciding vote on the make-up of SEC. The commission is now split, two Democrats and two Republicans. The G.O.P. Senate must approve the new presidential appointment...
...yard freestyle: Won by Gorman (MIT), second Buzby (H), third Searle (MIT). Time, 55.6 sec...