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Wall Street / Boesky Scandal #547496

NBC Evening News for Thursday, Nov 20, 1986
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(Studio: Tom Brokaw) Report introduced.

(DC: Irving R. Levine) Wall Street's criticism of Securities and Exchange Commission chairperson John Shad allowing Ivan Boesky to profit from major stock sales just prior to SEC's announcement of penalties against him for insider trading violations examined; details given, scenes shown. [Advest, Incorporated spokesperson William LeFEVRE - notes Boesky's stock sale was ultimate case of insider trading violation.] Companies whose stock was involved and value's drop after Securities and Exchange Commission announcement listed on screen. Benefits realized by Boesky investors Lewis Lehrman, "New Republic" ed. Martin Peretz and othersexplained. Shad said investigating sale. SEC's investigation of Drexel Burnham Lambert execs., include Michael Milken, reviewed. [Mesa Petroleum spokesperson T. Boone PICKENS - opposes halt to all takeovers.] Lawsuit filed against Boesky today mentioned.

Brokaw, Tom;
Levine, Irving R.

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