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Government probes stock exchange abuses reach new level
Federal investigators focus on the American Stock Exchange and Jerry Re and son Gerard after evidence they tried to influence brokerage recommendations by bribery. Witnesses described bribe offers, cash payments, and manipulated trading in nine firms including Neon and Rokeach. The SEC probes whether the exchange properly polices its traders and whether additional insiders were involved.
MENTIONED IN THIS ARTICLE
J. P. Morgan
Ia Federal
American Stock Exchange
Frank Cormier
Associated Press
Washington
Jerry Re
Securities and Exchange Commission
Gerard
Exchange
Res
SEC
Comium
Case
Thej
eLuse
Edward J. Garrett
Loral Electronics Corp
Doroshaw
Jerry
Garrett
Eugene L. Bondy Jr
New York
Samuel Edelman
Inearith Tineachow
Harrison Parsons
Edward Ballman
Parsons
Hallman
I. Rokeach & Sons Inc
Exquisite Farm Brassiere
Ballman
Harris, Upham & Co
Rokeach
Mar- Pat Rlochner
Joshua Davis
Blair & Co
Paul Portelt
Emanuel, Deetien & Co
Thompson-Starrett
Neon
Bonner
Lawrence Schmidt
Silver Creek Precision Corp