2008년 11월 22일 토요일

A Financial Blockbuster (St. Petersburg Times, Jan 6, 1962)

자료: St. Petersburg Times, Jan 6, 1962.


※ 메모: 

A Financial Blockbuster

"The manifold and prolonged abuses by specialists and floor traders and other instances of misconduct described in this report make it clear that the problem goes beyond isolated violations and anounts to a general deficiency of standards and a fundamental failute of controls"

The Securites and Exchange Commission exploded a blockbuster on the financial world late yesterday when it made the above charge in a 127-page report on the operations of the American Stock Exchange.

The SEC report accused the exchange of tolerating lax management and said that if it does not act quickly to adopt major reforms the commission might exercise its broad supervisory powers. ...

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