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Boesky Hearings #307748

CBS Evening News for Thursday, Dec 11, 1986
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(Studio: Dan Rather) Report introduced.

(DC: Lesley Stahl) Opening of hearings into insider trading case against Ivan Boesky featured; scenes shown. [General Accounting Office spokesperson William ANDERSON - credits Boesky's capture with disgruntled informant's tip to Merrill Lynch.] [Representative Ron WYDEN - believes system favors cheaters.] [Representative Thomas LUKEN - questions effectiveness of Securities and Exchange Commission fine against Boeksy.] [SEC chairperson John SHAD - defs. decision.] Criticism of SEC's ability to police market cited. [SEC attorney Richard PHILLIPS - notes reduction of SEC's staff.] Growth of fraud complaints to Securities and Exchange Commission as number of its completed investigations have declined outlined on screen. [Representative John DINGELL - calls for additional enforcement powers for SEC.]

Reporter(s):
Rather, Dan;
Stahl, Lesley
Duration:
00:02:20

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