Wall Street: Under the Spotlight

Since the SEC began probing Wall Street ten months ago, the hot glare of unfavorable publicity has focused almost entirely on the American Stock Exchange (TIME, May 26 et seq.). Last week the spotlight abruptly swung to the Amex's stern older brother, the New York Stock Exchange. After three weeks of deliberation, a federal grand jury indicted J. (for James) Truman Bidwell, 58, chairman of the board of governors of the Exchange, on the charge that he had "willfully and knowingly" evaded payment of $55,808.83 in income taxes for 1956-57. Within minutes...

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