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Wall Street / Boesky Scandal, Stock Market #100006

ABC Evening News for Tuesday, Nov 18, 1986
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(Studio: Peter Jennings) Report introduced.

(NYC: Dan Cordtz) Stk. market's response to latest developments in Ivan Boesky affair reported Stk. Mkt. Report [Analyst Monte GORDON - explains basis of market's concern.] Wall Street said worried over reports that Boesky, fined by SEC for insider trading violations, allowed his telephone conversations and mtgs. to be taped. [Attorney Alan KAUFMAN - explains difference between rumors and insider info.] Possibility Drexel Burnham Lambert is under investigation as well mentioned. Boesky's relationship with Drexel executive Dennis Levine, convicted of stock fraud recently, described.

(Studio: Peter Jennings) ["Fortune" magazine managing editor Marshall LOEB - discusses focus of Wall Street's concerns, possible Congress action; cites Senator William Proxmire's proposal regarding takeover bids as example]

Cordtz, Dan;
Jennings, Peter

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