Are Mutual Funds Overtrying SEC Investigation of Methods Underway
The SEC plans a mutual fund questionnaire amid concerns some funds push brokers with in and out trading and fund-switching to earn commissions. Growth since 1940 has drawn new entrants. brokers profit heavily from fund transactions, prompting scrutiny of inducements and practices in the evolving mutual fund market.
MENTIONED IN THIS ARTICLE
SEC
Massachusetts Investors Trust
Wellington Fund
Keystone Custodian Funds
Fundamental Investors
Affiliated Fund
New York Stock Exchange
Compliment Club Promoted By Chaplain Ellenburg
Dr. Crane describes the Compliment Club led by Chaplain Ellenburg of the State Hospital and a Little Rock church. Members pledge three sincere compliments daily to different people for 30 days, boosting morale and social regard while aligning with positive moral guidance.
MENTIONED IN THIS ARTICLE
John Ellenburg
State Hospital
Little Rock
Arkansas
Ellenburg
Menningers
Crane
Mutual funds and reciprocal brokerage concerns raised by SEC
The SEC fears mutual funds may create brokerage by steering new money into shares and directing dealers to buy other securities. Brokers could earn more than fund sales, while funds may hold cash and shift investments to generate turnover. Critics warn of over trading and dealer pressure, with SEC chairman Donald C. Cook seeking evidence and safeguards.
MENTIONED IN THIS ARTICLE
Siegler
General Motors
American Telephone
Gulf Oil
SEC
Stock Exchange
Mutual Funds
U.S. Steel
Bethlehem
Allied Chemical
Monsanto
Donald C. Cook
Farouk in Capri Exile Boredom Figures Large
Exiled former King Farouk of Egypt spends days on Capri with Narriman and two princesses. He awakes early, eats heavily, observes the sea from a hotel balcony, and fills mornings with letters and reading. Evening outings with Narriman include Capri night clubs, guarded by Albanian bodyguards and a police officer.
MENTIONED IN THIS ARTICLE
Andrew J. Nahal
Isle OF
Capri
Farouk
Egypt
Narriman
Clark Plans New Command United States Army Forces Far East
Gen Mark Clark announced a new command to begin October 1 named United States Army Forces Far East USAFFE. It will absorb the Japan Logistical Command created in 1950 and all Army functions of Clark's Far East Command. Lt Gen William K Harrison will lead USAFFE as senior U N Command delegate at Panmunjom talks.
MENTIONED IN THIS ARTICLE
Tokyo
Mark Clark
United States Army Forces, Far
Farouk’s Fear Centered on Political Enemies on Island
Authorities monitor possible Egyptian arrivals as King Farouk weighs threats from political rivals. Police on alert for new figures entering the island, heightening security concerns and potential political instability.
MENTIONED IN THIS ARTICLE
Farouk
Also Mentioned on This Page
J. A. Livingston
Washington
Securities and Exchange Commission
Yale
Perny
Dohn’s
N. Broad ST
the SiGy
Leghen
Centralia
Ita
Planet Riel
Ben Lee
N. Broad
George W. Crane
Jesus
Henan
China
Clark
Zola Ses
Pepsi-Cola Bottling Co
Hamilton, Ohio
Pepsi-Cola Company of
New York
Rogers
Lalla
Varar
Our
Jewelers
Central Ave
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