U.S. Business: Rumors & Rigging

For months, Wall Street has been shuddering to rumors about investigations of widespread rigging of stock prices in the tumultuous 1966 stock market. From the Securities and Exchange Commission, a federal grand jury in New York and the Illinois Crime Commission filtered tales of shenanigans by brokers, businessmen and even capital-gains-minded gangsters in a number of lively little stocks, traded mostly on the American Stock Exchange. The first official acknowledgement of the investigations came only this April, when new Amex President Ralph S. Saul announced that his exchange was looking into "alleged...

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