Business: THE SEC IS UNEQUAL TO THE JOB

PROTECTION FOR INVESTORS

TERRIFIC. The oil is coming out so fast that I have to get a bulldozer to dig ditches to keep it from running all over." Hearing such dazzling reports, 100 Midwest investors recently plunked down $1,500,000 for shares in tiny Keystone Oil Co. As it turned out, Keystone was more talk than oil. Last week the Securities and Exchange Commission, the Government's watchdog over securities markets, filed charges against Chicago Promoter Harry G. Ames, 61, on 14 counts of mail fraud and failure to comply with SEC...

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