SILENCE CONDEMNED
UNWRITTEN U.S. CODE WALL STREET MISDEEDS (Reed. Nov. 3, 9 a.m.) WASHINGTON, Nov. 1. The Securities Exchange Commission, in a final report on the failure of the Whitney firm on the Stock Exchange, condemned the unwritten code Of silence permitting Whitney to continue in business and power long after his misdeeds were known or suspected.
The report stated that stubborn indifference to public responsibility was starkly revealed by the testimony of Morgan’s partner, Lamonl, wiio knew that Whitney had misappropriated funds as early as November 27, 1937.
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Bibliographic details
Poverty Bay Herald, Volume LXV, Issue 19777, 3 November 1938, Page 7
Word Count
89SILENCE CONDEMNED Poverty Bay Herald, Volume LXV, Issue 19777, 3 November 1938, Page 7
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