Tighter Rules On Stock Deals Urged By SEC
Washington June 16. Edward N. Gadsby head of the Securities Commission tells a Senate banking subcommittee that 1930s laws need tightening to shield unsophisticated investors from stock fraud and lax record keeping. He notes cross check failures and says amendments should require advisers to keep books and allow SEC scrutiny while cautioning against repealing market forces.
MENTIONED IN THIS ARTICLE
SEC
Washington
UPD
Congress
Edward N. Gadsby
The
Securities & Commission
Senate
Gadsby
Williams
Sen
Prescott Bush
R-Conn
Neuenfeld to Attend New York Meeting
O. T. Neuenfeld, former president of the Wabash Valley Chapter of the National Association of Accountants, will attend a four day annual international conference in New York next week. More than 20 top executives address delegates on inventory management and control budgetary techniques marketing and research at the Waldorf Astoria opening Sunday.
MENTIONED IN THIS ARTICLE
O. T. Neuenfeld
Wabash Valley
National Association of Accountants
Association
New York
Waldorf- Astoria Hotel
Paratrooper Dies After Fifth Qualifying Jump
Paratrooper Pfc. Robert L. Andrews of Laconia New Hampshire died from head injuries after a fifth qualifying parachute jump at Fort Campbell Kentucky. Officials stated his chute functioned properly but he did not release himself from the harness on landing.
MENTIONED IN THIS ARTICLE
FT. Campbell
Laconia
N. H
Robert L. Andrews
End Cock Fight in Hobart Town Ship Incident Near Gary
About 300 people and three of four fighting roosters fled as Deputy Sheriff Bernard Bagley broke up a gathering in Hobart Town ship near East Gary. Victorino De Leon was fined 41 dollars after being charged with possessing the remaining fighting fowl.
MENTIONED IN THIS ARTICLE
Gary
Ind
Fighting Roosters
Bernard Bagley
Hobart Township
East
Victorino de Leon
Bank Pays Family Bills Plan Put Forward in Dallas
Dallas advertising executive E. B. Andrews proposes in The American Banker that banks handle a family's monthly bills. The bank would pay incoming bills up to a limit or send a monthly list of all bills for the customer to approve.
MENTIONED IN THIS ARTICLE
Dallas
E. B. Andrews
American Banker
Andrews
Governor declines gin game after declaring 30 million loss
Gov. Michael V. DiSalle, exiting the Ohio statehouse after a clash with lawmakers, declined reporters' invitation to gin rummy, joking he had just lost 30 million dollars for the day.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Michael V. DiSalle
State House
Andrews plans payment reform cutting monthly checks
Andrews argued the plan would reduce the average family from 25 to 5 or 6 checks per month. He claimed businesses would gain from elimination of thousands of bills envelopes payment notations and deposits.
MENTIONED IN THIS ARTICLE
Andrews
Holovachka Sued by Labor Leader in Slander Case
Gary labor leader John Testo filed a 75000 damage suit against former Lake County Chief Deputy Prosecutor Metro Holovachka in Lake Superior Court. Testo claimed Holovachka’s statements before a Senate Rackets Committee were slanderous after Testo’s testimony on organizing pinball machine operators and alleged vice links. Holovachka testified and resigned from public office Sunday amidst racketeering accusations.
MENTIONED IN THIS ARTICLE
Crown Point
Ind
Gary
Lake County
Metro Holovachka
John Testo
Terazzo Workers and Helpers Union
Holovachka
Senate
Lake Superior
Testo
Washington
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