Word: sec
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
TIME has learned that since last November the Securities and Exchange Commission has been quietly investigating Firestone. In a thrust that could be applied to other companies, the SEC is weighing whether firms must report to shareholders actions that officers know might risk civil penalties-such as discharging pollutants or making faulty products. Thus the SEC is interviewing Firestone officers and probing company records to see whether top executives knew about and should have disclosed the 500's problems much earlier...
Firestone confirms that it is under investigation by the SEC. Says a company spokesman: "From the questions they are asking, they are trying to determine just who in management was aware, and whether we disclosed in a timely manner. We are confident that the SEC will find we disclosed properly." The unexpected resignation of Di Federico, 57, he added, "was for personal reasons...
Nothing in the indictment refers to Lance's most celebrated loans: almost $7 million to the Carter family peanut business. Questions about those loans arose in previous investigations of Lance's finances by the Comptroller of the Currency and the SEC. A special counsel, Paul Curran, was appointed in March to conduct an independent investigation of the Carter family business loans and whether or not that money was improperly used in the Carter campaign...
...Carried wide by the field through the clubhouse turn, Spectacular Bid exploded on the backstretch, striding effortlessly past the early leaders to take command of the race. Though Jockey Ronnie Franklin eased him to the wire, Spectacular Bid finished the 1 3/16-mile Preakness circuit just 1⅓ sec. off the track record...
...boat, after surprising everyone by grabbing a full-length lead after the first 15 strokes, had trouble settling and battled wakes for the full 2000 meters, still managing a 7.3-sec...