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Securities Thefts #217324

CBS Evening News for Thursday, Jun 10, 1971
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(Studio) Senate subcommittee hears testimony concerning securities thefts.
REPORTER: Walter Cronkite

(DC) [Assistant Treasury Secretary John K. CARLOCK - says if dealers decide to refuse to handle securities, mechanism, on which Treasury depends, would breakdown.] Securities and Exchange Commission head William J. Casey urges computerized records to replace securities documents.
REPORTER: Hal Walker

(Studio) Theft of securities conts.
REPORTER: Walter Cronkite

(NYC) Most thefts occur as securities being processed. [Mylan FRANKHOWZER- explains how thefts occur; says computerized system would be better, would require change in laws.] Security measures on Wall Street tightened.
REPORTER: Ike Pappas

Reporter(s):
Cronkite, Walter;
Pappas, Ike;
Walker, Hal
Duration:
00:03:50

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