Wall Street Finds Calm After SEC Stock Market Report
New Yorkers' markets paused amid criticism of stock market practices as SEC findings spark debate. Bankers and exchange leaders pledged to digest the 2100 page study, with promises to respond to ill advised comments while reforms target short selling floor traders and odd lot handling.
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New York
Wall Street
Financial Capital
Congress
Securities and Exchange Commission
G. Keith Funston
New York Stock Exchange
Edwin D. Etherington
American Stock Exchange
SEC
Kennedy urges tax on purchases of foreign stocks and bonds
President Kennedy asks Congress to levy an excise tax on buys of securities issued abroad to curb the flow of gold and dollars. The plan, effective Friday through December 31 1965, targets governments and firms in 22 industrialized countries. He also seeks IMF funds to counterbalance payments deficits.
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Kennedy
Congress
U.S
United States
International Monetary Fund
IMF
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