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Money Matters: Boesky Scandal, Stock Market #100071

ABC Evening News for Thursday, Nov 20, 1986
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(Studio: Peter Jennings) Stk. market's apparent recovery from Ivan Boesky scandal noted. "STK. MKT. REPORT"

(NYC: Dan Cordtz) [Friday, Securities and Exchange Commission chairperson John SHAD - announces penalties against Boesky for insider trading violations.] "Wall Street Journal"'s revelation that Securities and Exchange Commission allowed Boesky's firm to make large profit on stock sales before announcing penalties examined; stks. falling after announcement listed on screen. [Analyst Ray DEVOE - notes financial community's anger over situation.] Current and probable future lawsuits by investors against Boesky described; Boesky's continued financial stability, include "Forbes"' est. of his wealth, outlined. [Former Securities and Exchange Commission official Ira Lee SORKIN - cites necessity for such deals with violators.]

Cordtz, Dan;
Jennings, Peter

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