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Mild Tone of Probe Boosts Stock Market
The SEC report’s gentle tone spurred a stock market rally to 1963 highs but traders urged caution, calling for full study of the five volume, 1600 page document. Exchange leaders signaled time to assess, with appeals for self regulation and existing laws.
MENTIONED IN THIS ARTICLE
New York
Securities and Exchange Commission
Wall
Congress
Funston
Exchange
Edwin D. Etherington
American Stock Exchange
Thomas P. Phelan
Pacific Coast Stock Exchange
San Francisco
SEC
Michael W. McCarthy
Merrill Lynch
Pierce, Fenner and Smith
Associated Press
New York Stock Exchange