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(Studio: Tom Brokaw) Report introduced.
(DC: Irving R. Levine) Scandal surrounding Securities and Exchange Commission fines and penalties against Ivan Boesky for insider trading violations said growing. [New York Stk. Exchange spokesperson Robert BIRNBAUM - explains market's lack of reaction.] [SEC spokesperson John SHAD - cites investigatory benefits to Securities and Exchange Commission of electronic surveillance.] Background to case, beginning with Drexel Burnham Lambert investment banker Dennis Levine's conviction on stock fraud chgs., reviewed; Boesky's use of insider information to profit from R. J. Reynolds-Nabisco merger cited as example Boesky's description of takeover climate in which he profited, in his "Merger Mania", outlined. ["Forbes" magazine Susan LEE - claims insiders have control of profits in stock market]
- Brokaw, Tom;
- Levine, Irving R.
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