Letter Stock Draws Criticism in Mutual Funds
AP report examines letter stock in mutual funds and its risks since such securities cannot be quickly sold. Critics like Oscar Lasdon urge SEC action to ban new purchases while questioning fund valuation practices and potential evasion of the Securities Act of 1933.
MENTIONED IN THIS ARTICLE
John Ore
Securities and Exchange Commission
Oscar Lasdon
Bankers Magazine
SEC
Oede
Mutual
May 7 1969 in History Highlights
The day marks key past events including 1939 alliance between Germany and Japan, 1943 Tunis and Bizerte Allied victory, 1954 Dien Bien Phu fall, a 1969 radiation note from the AEC, Johnson touring Appalachia for antipoverty efforts, and RFK’s Indiana primary victory a year earlier in New York.
MENTIONED IN THIS ARTICLE
Associated Press
Germany
Wal
North Africa
Tunis
Bizerte
Indochina
Dien Bien Phu
U.S. Atomic Energy Commission
Lyndon B. Johnson
Appalachian
Robert F. Kennedy
New York
Indiana
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Apel C
H.R. Courtois Jr
North Street
Saco
Remon
Jewelers and Appliance Stores
Main Street
Biddeford
Beauty
I Mixmaster
Sunbeam
Titr
Ttt
Joeur
Techion
Northern
New England