DOCSLIB.ORG

Regulatory & Compliance Alert

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Regulatory & Compliance Alert NASD Regulatory & Compliance ALERT National Association of Securities Dealers, Inc. Volume 11, Number 2 June 1997 NASD Spring Securities Conference Calls REGULATION, For Building Investor Confidence INC. NASD Regulation, Inc. (NASD remarks, Robinson echoed this year’s 1997 SPRING RegulationSM) held its annual Spring theme by saying that the goal of the con- SECURITIES Securities Conference from May 21–23, ference was to help compliance person- 1997, in Washington, D.C. This year’s nel help their firms. Following his CONFERENCE theme was “Building Investor welcome, NASD Regulation President Confidence Through Member Mary Schapiro addressed the audience. Compliance.” The conference provided BUILDING INVESTOR securities professionals with practical, Schapiro addressed several initiatives CONFIDENCE up-to-date information to comply with that occurred during her first year as THROUGH MEMBER industry rules and regulations. NASD Regulation President. COMPLIANCE Specifically, Schapiro commented that The conference opened with remarks by the organization’s obligations to the Todd Robinson, Chairman, NASD public are three-fold: to ensure market Regulation, Board of Directors, and integrity through effective market sur- Chairman and Chief Executive Officer of Linsco/Private Ledger Corp. In his (Continued on page 2) SEC Approves Move To Nasdaq Quotes In 1/16s On May 28, 1997, the SEC approved a Nasdaq believes the narrower quote proposal by The Nasdaq Stock MarketSM increment will enhance market to reduce the minimum quotation incre- transparency and provide investors with ment from 1/8 of a dollar (12.5 cents) to improved opportunity for best 1/16 of a dollar (6.25 cents) for all secu- execution. The change also makes it rities listed on Nasdaq® whose bid price possible for Nasdaq to accommodate is $10 or above. Stocks under $10 are and reflect orders entered into Electronic already quoted in increments as small as Communication Networks (ECNs) that 1/32. The new quoting system was are priced narrower than the minimum implemented for all Nasdaq stocks on quotation increment currently allowed Monday, June 2. (Continued on page 3) CONTENTS 1 Cover Stories Issues Firm Element Advisory Non-Member Names In Spring Securities Conference Regulatory And Firm Element Members’ Communications Calls For Building Investor Examinations Confidence Firms Need Heightened 16 Arbitration SEC Approves Move To Supervision Of Aggressive NASD Board Acts To Improve Nasdaq Quotes In 1/16s Cold-Calling And Service And Submit Task Telemarketing Activities Force Proposals To SEC 3 Regulation Supervision Of Off-Site Series 8 Or 24 Qualified Sweep Report Memorandum Salespersons 18 Violations Provides Guidance On Compliance Short Takes Smith Barney And Lehman Heightened Supervision Brothers Censured And Fined Proposed Changes Would $250,000 Each; Customers Allow Firms To Use Electronic 12 Municipal Securities Receive $5.6 Million Refund Mail NASD Regulation Appoints NASD Regulation Fines And Members Alerted To Bogus Municipal Securities Censures First Albany Treasury Securities Compliance Regulator Compliance Questions & NASD Regulation Exams 19 Corporate News Answers Focus On Yield Burning NASD Board Of Governors NASD Regulation Reminds Elects Frank G. Zarb Chairman Members Of Margin 14 Advertising Requirements New Rule Applies to 19 NASD Disciplinary Actions SEC Issues No-Action Letter Telemarketing Scripts On Haircuts For Mortgage- Actions from December 1996, Backed Securities “Ask The Analyst” and January, February, and Continuing Education Council NASD Permits Broader Use Of March 1997 Spring Securities Conference, from page 1 veillance, to ensure that members are in She mentioned that, during NASD Zarb commented on issues from the per- full compliance with rules and regula- Regulation’s examination process, some spective of both a regulator and an tions through a thorough examination of areas that will receive special emphasis industry professional. His comments their business practices and dealings include sales practice activity in centered around the word “trust.” Zarb with customers, and to equip investors SmallCapSM securities, suitability said that trust drives the markets, and with the means to make informed deci- requirements for speculative and low- that what’s good for the investor sions. priced securities, telemarketing activi- ultimately results in being good for the ties, and compliance with continuing industry. In speaking about the redesign of the education rules. Central Registration Depository He noted that the quality of the markets (CRDSM) system, Schapiro said that, by Schapiro then introduced Frank Zarb, has grown and that the percentage of year-end, the system will be enhanced NASD Chairman, CEO, and President. “bad guys” is small. However, he further to give the public even easier Zarb joined the NASD after a notable emphasized that there can be no relax- access to disclosure information. Instead career in both the private and public sec- ation in getting these individuals out of of waiting for a written response, the tors, including senior leadership the industry. Regarding the question of public will have the information avail- positions with several major financial de-regulation, Zarb stressed that any able to them electronically through the services firms. changes should be founded on investor NASD Regulation Web site. protection. National Association of Securities Dealers, Inc. June 1997 2 The morning session continued with Finance and Hazardous Materials. panel of knowledgeable and two panel discussions. NASD Congressman Oxley, who is a proponent experienced industry leaders moderated Regulation Executive Vice President of common sense stock pricing and the by senior NASD Regulation staff. and Chief Operating Officer, Elisse switch from fractions to decimals, Walter, led the first panel on the inner praised the NASD for its proposed The panelists provided straightforward workings of the NASD enforcement and move to quote prices in 1/16s rather information and practical examples on disciplinary process, which included a than 1/8s. such topics as advertising regulation, discussion of the role of the new hearing bank broker/dealer regulatory issues, officers. Oxley noted that the U.S. markets are handling customer complaints, indepen- the only significant world markets that dent contractors and financial planners, The second panel was “Capital still trade in fractions. He believes and MSRB Rules. Formation on the Internet: Challenges & strongly that decimal pricing will result Pitfalls.” It included a lively, multi- in savings for the individual investor. To The next national conference will be the media slide presentation on the quell industry concerns, Oxley pointed 1997 Fall Securities Conference from Securities and Exchange Commission’s out that proposed legislation calls for November 5-7 in Phoenix, AZ. For (SEC) enforcement efforts by John R. allowing the SEC to decide how to more information on the conference or Stark, Special Counsel at the SEC for implement the change and the time other future programs, please visit Internet Projects. frame to accomplish it. NASD Regulation’s Web site (www.nasdr.com), or contact Susan The keynote speaker at luncheon was Following the general session, the con- Fallon, Manager, NASD Public the Honorable Michael G. Oxley, ference offered a total of 18 workshops Relations & Conferences, at United States House of Representatives, addressing key issues in the area of (202) 728-6900. ❐ Chairman of the Subcommittee on compliance. Each workshop featured a SEC Approves Quotes in 1/16s, from page 1 for Nasdaq securities quoted at or and price discovery by allowing orders Questions concerning this action may be above $10. and quotes in smaller increments to be directed to Cameron Brown, NASD displayed publicly to the market,” said Media Relations, at (202) 728-8379, or “We’re delighted the SEC moved Frank G. Zarb, Chairman, CEO and Reid Walker, NASD Media Relations, quickly to approve our proposal to quote President of the NASD, parent corpora- at (202) 728-8243. ❐ in 1/16. This will enhance transparency tion of The Nasdaq Stock Market. Regulation Sweep Report Memorandum Provides Guidance On Heightened Supervision As a follow-up to the Joint Regulatory and describes actions that could consti- findings and recommendations Sales Practice Sweep (Sweep)1, NASD tute heightened supervision. published in the Sweep report. (See Regulation and the New York Stock related story on the Sweep in April Exchange (NYSE) issued a joint memo- Sweep Report 1996, NASD Regulatory & Compliance randum. The memorandum discusses NASD Notice to Members 97-19 Alert.) A significant Sweep report firms’ responsibilities to supervise contains the joint NASD Regulation/ recommendation concerns firms that closely certain registered representatives NYSE memorandum, describing the hire registered representatives with a NASD Regulatory & Compliance Alert June 1997 3 history of repeated customer complaints, Registered Representative Activities: Customer Account Activity disciplinary actions, or arbitrations. It is If the registered representative’s Monitoring: A firm should consider recommended that firms develop and misconduct involved a particular securi- generating special exception reports to implement special supervisory ties product, customer type, or activity, detect unusual trading activity in a cus- procedures for these registered represen- the firm should tailor supervision to tomer account or reviewing a problem tatives. limit the risk of similar
Load more

Recommended publications
  • University Archives Collections
    University Archives Collections The Hofstra University Archives, which serves as the repository for the historical records of Hofstra University, is located on the lower floor of the Joan & Donald E. Axinn Library. Its primary purpose is to document the history of the University and to provide such documentation to administrators, alumni, faculty, staff, students, and other members of the University community. The Archives also assists scholars and other legitimate researchers who seek to evaluate the impact of the University and its activities on the history of American social, cultural, and intellectual development. Hofstra University Library Special Collections Department / University Archives 123 Hofstra University | 032 Axinn Library | Hempstead, New York | 11549-1230 Voice: (516) 463-6411 | Fax (516) 463-6442 75th Anniversary Oral History Project Dryden, Lt. Col. Charles W. Collection Adams, John Cranford. Collection Dunn, Stephen Collection Axinn, Donald E. Videotapes Embury, Aymar II Writings Block, Jules Richard Collection Hull, William D. Collection Brand, Dana Collection Judd, Gerrit P. IV Collection Bulletins Collection Lent, Norman F. Collection Calitri, Charles J. Manuscript Levin, Harvey J. Collection Chappell, Matthew N. Collection Lynch, Edward J., Jr. Collection Coffin, Thomas Erwin Collection Mason, Richard F. Collection Cohn, Alfred and Roy Udolf Collection Mitchell, Broadus Collection Debate ’08 Collection Pro Arte Symphony Orchestra Collection Debate 2012 Collection Toddings, Cynthia (Earl) Collection Debate 2016 Collection Wachtel, Harry H. Collection Drama and Dance Productions at Hofstra Yuker, Harold E. Collection Collection Zarb, Frank G. Collection Page 1 of 14 75th Anniversary Oral History Project Collection The 75th Anniversary Oral History Project Collection consists of over 100 audiotaped interviews with Hofstra administrators, alumni, faculty, staff, and students.
    [Show full text]
  • In the Shadow of the Presidency: Presidential Management and the Influence of Cabinet Secretaries
    In the Shadow of the Presidency: Presidential Management and the Influence of Cabinet Secretaries by John C. Koehler A dissertation submitted to the Graduate Faculty of Auburn University in partial fulfillment of the requirements for the Degree of Doctor of Philosophy Auburn, Alabama May 7, 2016 Approved by Gerard S. Gryski, Chair, Curtis O. Liles Professor Emeritus of Political Science Cynthia Bowling, Professor of Political Science Linda Dennard, Professor of Political Science William Franko, Assistant Professor of Political Science Abstract Scholars today recognize weaknesses in the president’s ability to pass significant legislation. I ask how presidents can increase their overall influence. They must look internally at their management style and the organization of the Executive Branch. They must also improve their relationship with other political actors, namely Congress and interest groups. Several studies have looked at presidential organization focusing on White House staff and other parts of the Executive Office of the President, such as the Office of Management and Budgeting. I suggest that cabinet secretaries are an overlooked presidential resource. How helpful a resource are cabinet secretaries and how can they be utilized? It depends upon a president’s management style – their level of involvement and the level of clarity with which they give direction. This study provides a typology of four different managerial approaches of modern presidents and analyzes four cases to highlight the importance of cooperation and coordination with Executive Department heads in policy-making. I conclude that secretaries can help the president influence Congress and interest groups. The working relationship that the president has with their cabinet members affects how an administration makes decisions, which proposals it supports, as well as the legislative success of those proposals.
    [Show full text]
  • Summer 2014 Newsletter
    Gerald R. Ford Presidential Foundation Newsletter September 2014, Issues 3 & 4 Annual Wreath Laying Ceremony At The Tomb Of President Gerald R. Ford On The 101st Anniversary Of His Birth July 14, 2014 Susan Ford Bales, Dick Ford and Vaden Bales place the Ford Family Wreath. On July 14, 2014 Secretary James A. Baker, III, Trustee of the Gerald R. Ford Presidential Foundation, participated in the Annual Wreath Laying Ceremony at the Tomb of President Gerald R. Ford. This year marked the 101st Birthday of the President. In addition to the Wreath Laying Ceremony, Secretary Baker unveiled a new granite marker at the Museum designed to assist the public visiting the Tomb of President Ford and First Lady Betty Ford. While at the Museum Secretary Baker also participated in a Ribbon Cutting Ceremony at the new Museum exhibit entitled “Taking the Seas: Rise of the American Aircraft Carrier”. Secretary Baker then presented the William E. Simon Lecture in Public Affairs to a capacity crowd during lunch at the Amway Grand Plaza Hotel. Secretary Baker was awarded the Col. Ralph W. Hauenstein Fellowship for his distinguished public service following the Simon Lecture presentation. Top Photo: Trustee Jim Baker and Foundation Chairman Red Cavaney admire the new granite marker near the Gerald R. Ford Presidential Museum. Middle Photo: Trustee Susan Ford Bales (left) and Vice Chairman Hank Meijer (right) present a bust of President Ford to Trustee Jim Baker following the Simon Lecture in Public Affairs. Bottom Photo: Trustee Susan Ford Bales is joined by Trustees of the Foundation in addition to Foundation Executive Director Joe Calvaruso, Library and Museum Director Elaine Didier, Museum Curator Don Holloway and Museum staff at the Ribbon Cutting Ceremony for the new Museum exhibit “Taking The Seas”.
    [Show full text]
  • EXTENSIONS of REMARKS April 23, 1975 EXTENSIONS of REMARKS
    11576 EXTENSIONS OF REMARKS April 23, 1975 EXTENSIONS OF REMARKS FRANK J. LUCAS HONORED guiding principle has been that steady accustomed romantic beauty. (How spoiled employment with good pay and bene­ we New Yorkers a.re, but this is pa.rt of our dubious charm.) Downtown Brooklyn has no fits can only be realized when the em­ easy answer and is stlll fraughlt with real and HON. GLADYS NOON SPELLMAN ploying contractors are able to com­ continuing problems, but there 1s enough OF MARYLAND plete their contracts profitably, within visible accomplishment in terms o! design, specifications and in a timely manner. development and the creation a.nd reinforce­ IN THE HOUSE OF REPRESENTATIVES Mr. Lucas has been married for 43 ment of comm.unity and e.menity for a dozen Wednesday, April 23, 1975 years. He and his wife, the beautiful other cities. Eleanora, have one son, Francis Michael, Brooklyn's lessons in architecture and ur­ Mrs. SPELLMAN. Mr. Speaker, it was banism-which largely involve informed ef­ my pleasure to attend a testimonial din­ and two daughters, Mary Louise and forts to turn around an area. decimated by a ner on April 12, 1975, given by the Steam­ Ellen Gertrude, and they are blessed residential and commercial flight to the sub­ fitters local 603 of the United Associa­ with five grandchildren. For all of his urbs of the 1950's and 1960's--are hearten­ tion of Journeymen and Apprentices of life, Mr. Lucas has lived in the Wash­ ing. And so are the role and achievements of the Plumbing and Pipefltting Industry ington area.
    [Show full text]
  • December 2011 Final For
    Gerald R. Ford Presidential Foundation Newsletter December 2011 Justice John Paul Stevens 2011 William E. Simon Lecture in Public Affairs September 29, 2011 Susan Ford Bales and Foundation Trustee Steve Van Andel present bust of President Ford to Justice John Paul Stevens at the William E. Simon Lecture. Liz Cheney and Foundation Trustee Dick Cheney Foundation Trustee Jim Baker Foundation Trustee Frank Zarb Andrea Mitchell Foundation News Gerald R. Ford Letter from the Foundation Executive Director, Presidential Foundation Joseph S. Calvaruso BOARD OF TRUSTEES Steven M. Ford Chairman Congratulations to Elaine Didier, A special thanks to luncheon spon- Important Policy Hank Meijer Director of the Library and Museum, sors Amway, Mercantile Bank, and Failure: Energy.” Vice-Chairman and her team for 30 years of dedica- Thomas Cooley Law School, as well Ron Nessen, Red Cavaney tion to the Legacy of President Ford. as numerous table sponsors. Justice President Press Secretary to President Ford, A number of the staff have been Stevens’ remarks are published in recalled his time with the Ford Martin J. Allen, Jr. here all thirty years: David Horrock, this newsletter in their entirety. Chairman Emeritus Administration in presentations at Supervisory Archivist; Kenneth Hafeli, Justice Stevens has also recently Gregory D. Willard both the Library and Museum. Archivist; William McNitt, Archivist; published a new book, “A Supreme Secretary David Hoogendoorn Barbara McGregor, Education Court Memoir: Five Chiefs.” A big thanks goes out to Foundation Trustees and members of the Ford Treasurer Specialist; and Ron Krussell, Security Foundation Trustee Dick Cheney, Administration for speaking at the John G. Baab Officer.
    [Show full text]
  • Frank G. Zarb
    Early life: 1935-1952 Frank Gustave Zarb was born in Brooklyn, NY, on February 17, 1935, to parents Gustave and Rosemary Zarb. Photograph of his parents c. 1933. Frank with his sister, his mother, and grandparents. Class Photo - P.S. 193 Brooklyn, 1949, Frank is in first row, second from right. Frank graduated from vocational high school in Flatbush, Brooklyn, with a mechanic’s certification, but his English teacher encouraged him to pursue a higher degree of education. This is the wing tip he created as part of his graduation requirements. Attendance at Hofstra: 1953-1957, 1959-1962 Frank attended Hofstra College for both his Bachelor’s Degree in Business Administration completed in 1957, and his Master’s of Business Administration completed in 1962. Photographs from Hofstra yearbook, Nexus. Hofstra College fraternity brothers, Frank second from right, 1956. Photograph from Nexus, Hofstra’s yearbook, 1956. During March of 1957 Frank was married to his wife, Patricia Koster, and they would later have two children, Krista Anne and Frank, Jr. Following his undergraduate graduation, Frank served a year-long term in the United States Army, from 1957-58. He also served eight years in the US Army Reserve, retiring with the rank of Captain. Photographed at Fort Knox, 1957. After service, Frank returned to Hofstra to earn his MBA, completing it in 1962. Public Service: Frank was recruited to become the Assistant Secretary of Labor, in the Nixon Administration. Here he is pictured with his family, from left to right: Krista Anne, Frank G., Frank Jr., and Patricia, circa 1970. Photograph of Frank with President Richard Nixon, 1971 Frank intended to leave public office but was then asked to stay on and become an Associate Director of the Office of Management and Budget.
    [Show full text]
  • Frank Zarb Interview
    Securities and Exchange Commission Historical Society Oral History Project Interview with Frank Zarb Conducted on March 1, 2011, by James Stocker JS: This is an oral history interview for the SEC Historical Society's virtual archive on the history of financial regulation. I'm James Stocker. I'm talking today with Frank Zarb, who has had a distinguished career on and off Wall Street, as well as in Washington. Mr. Zarb, thank you very much for talking with us today. FZ: Nice to be with you. JS: Let's start from the beginning. Where were you born and where did you grow up? FZ: I was born in Brooklyn, New York. That's where I grew up. JS: Did you go to school in New York also? FZ: I went to New York City schools, right through the end of high school, and then went on to Hofstra University in Hempstead, New York. JS: I understand that after getting your degree at Hofstra, you joined the military? FZ: Yes. I was ROTC in school, so I had to do active duty, which I did. Interview with Frank Zarb, March 1, 2011 2 JS: Which branch of the service did you serve? FZ: U.S. Army. JS: Did your work there have to do with finance at all? FZ: My work there had to do with running combat tanks. JS: So quite a bit different, maybe good training for running a Wall Street firm. FZ: Maybe. (Laughter.) JS: After your military service, what did you do? FZ: I was recruited by Cities Service Oil Company as a cadet engineer, which was an extensive training program that took me through the various parts of the oil business.
    [Show full text]
  • Peter Thiel Information About the 2015 Financial Services Edward S
    The New York Public Library The New York Public Library would like to thank the following The New York Public Library individuals without whom the Financial Services Leadership Financial Services Forum would not be possible: Financial Services FSLF Leadership Forum FSLF Leadership Forum FORUM ADVISORY COMMITTEE Claire B. Benenson Henry H. Arnhold Alexandra Lebenthal The New York Public Library’s Financial Services Co-Chair Leslie E. Bains Sid Lerner Leadership Forum is a breakfast series that provides a Andrew M. Blum Catherine Marron Judith R. Ehrlich Developing the Samuel C. Butler William J. McDonough unique opportunity for financial leaders to interact in Co-Chair Hon. William H. Donaldson Harold McGraw III an intimate setting. Past speakers include Bill Ackman, Leslie D. Toepfer Harold Ehrlich Doris P. Meister Developed World Warren Buffett, Jamie Dimon, George Soros, Co-Chair William Freda Douglas L. Peterson Roy L. Furman Peter G. Peterson Mary Jo White, and more. Lewis B. Cullman Edward L. Gardner Laura Resnikoff Honorary Chair Leslie V. Godridge Neeraj Sahai Financial professionals who would like more Maurice R. Greenberg Paul Schreiber Peter Thiel information about the 2015 Financial Services Edward S. Hyman Daniel H. Stern Technology Investor and Entrepreneur Henry P. Johnson Edgar Wachenheim III Leadership Forum (FSLF) should visit fslf.nypl.org. Ann Kaplan Lulu C. Wang in conversation with Todd Lang Hon. John C. Whitehead Private funding helps to ensure that The New York Josh Wolfe Public Library continues to serve the millions of Co-Founder, Lux Capital people who visit in person and online every year. THE NEW YORK PUBLIC LIBRARY Wednesday, October 15, 2014 To learn more about how to support the Library, Neil L.
    [Show full text]
  • Reconstruction Watch Publication #1 in Word
    Reconstruction Watch – Lower Manhattan Development Corporation profiles What is Reconstruction Watch? Reconstruction Watch is intended to assist low and moderate income New Yorkers in understanding and influencing the reconstruction process. Through its research and publications, Reconstruction Watch will provide these New Yorkers and the organizations that assist and represent them with timely information that they can use to participate effectively in the reconstruction process. Reconstruction Watch will: · Provide useful information on the key players in the reconstruction process. · Analyze, in plain English, the subsidy proposals being advanced at the federal, state and city levels to foster economic development in New York City in the wake of the September 11th attacks. Do the proposed subsidies have quality job standards? Are there safeguards for taxpayers for companies who don’t keep their agreements? What are the benefits and drawbacks of each proposed subsidy? · Report on subsidies targeted to specific firms including the estimated dollar value of the deal, the company’s job creation and retention performance, its compliance with environmental and labor standards, and previous subsidies received. Feedback from members of the public is crucial to this project. Please contact us with questions or suggestions. Good Jobs New York is funded by the Rockefeller Family Fund, the New York Foundation, The New York Community Trust and The Rockefeller Foundation. Funding for Reconstruction Watch has been provided by The Rockefeller Foundation. For additional information visit www.reconstructionwatch.net Good Jobs New York is a joint project of the Fiscal Policy Institute and Good Jobs First Reconstruction Watch – Lower Manhattan Development Corporation profiles Reconstruction Watch – Lower Manhattan Development Corporation profiles LOWER MANHATTAN DEVELOPMENT CORPORATION LMDC Board Members (bios attached): Roland Betts Paul A.
    [Show full text]
  • Intergovernmental Affairs (3)” of the James M
    The original documents are located in Box 18, folder “Intergovernmental Affairs (3)” of the James M. Cannon Files at the Gerald R. Ford Presidential Library. Copyright Notice The copyright law of the United States (Title 17, United States Code) governs the making of photocopies or other reproductions of copyrighted material. Gerald Ford donated to the United States of America his copyrights in all of his unpublished writings in National Archives collections. Works prepared by U.S. Government employees as part of their official duties are in the public domain. The copyrights to materials written by other individuals or organizations are presumed to remain with them. If you think any of the information displayed in the PDF is subject to a valid copyright claim, please contact the Gerald R. Ford Presidential Library. Digitized from Box 18 of the James M. Cannon Files at the Gerald R. Ford Presidential Library THE WHITE HOUSE "f (.;. WASHINGTON ·June 1, 1976 MEMORANDUM FOR: JIM CANNON FROM: STEVE McCONAHEY SUBJECT: Reason for Ralph Griffin Meeting When Governor Ray was here several weeks ago to meet with the President, we had lunch with him and discussed the current status of gubernatorial races throughout the country. Mrs. Smith and Governor Ray indicated that Ralph Griffin would be the person to discuss this matter with in order to get the most up-to-date information. You then asked me to set up such a meeting as soon as possible to meet with Griffin and discuss this matter. I recommend that we meet with him prior to the National Governors' Conference scheduled for the first week of July • • , ' THE WHITE HOUSE WASHINGTON / Mr.
    [Show full text]
  • EXTENSIONS of REMARKS July 28, 1975
    25464 EXTENSIONS OF REMARKS July 28, 1975 CONFIRMATIONS to be assigned to a position of im portance To be lieutenant general and responsibility designated by the Presi- Executive nominations confirmed by dent under subsection (a) of section 8066, Maj. Gen. Devol Brett, xxx-xx-xxxx FR (ma- the Senate July 28, 1975: jor general, R egular A ir F orce), U .S . A ir in grade as follows: Force. U.S. AIR FORCE To be lieutenant general The following officer under the provisions The following officer under the provisions M aj. Gen. Charles E. Buckingham, xxx-xx-x... of title 10, United States C ode, section 8066, of title 10, United States C ode, section 8066, xxx-... FR (major general, R egular A ir Force), to be assigned to a position of importance to be assigned to a position of im portance U.S. Air Force. and responsibility designated by the Presi- and responsibility designated by the Presi- The following officer under the provisions dent under subsection (a) of section 8066, dent under subsection (a) of section 8066, of title 10, United States C ode, section 8066 in grade as follows: in grade as follows: to be assigned to a position of im portance To be general To be lieutenant general and responsibility designated by the Presi- Lt. Gen. Felix M . R ogers, FR dent under subsection (a) of section 8066, xxx-xx-xxxx Maj. Gen. Kenneth L. Tallman, xxx-xx-xxxx (major general, Regular A ir Force), U.S. A ir (major general, R egular A ir Force), U.S.
    [Show full text]
  • Transcription Page 1 of 20 October 4, 2007
    2007-10-04-ZAR Frank Zarb Interview Transcription Page 1 of 20 October 4, 2007 Timothy Naftali I'm Timothy Naftali. I'm the Director of the Richard Nixon Presidential Library and Museum. Frank Zarb Nice to meet you. Timothy Naftali I'm honored to be here today with Frank Zarb, for the Richard Nixon Oral History Program. We're in New York City. It's, I believe, October 4, 2007. Thank you, Mr. Zarb, for joining us. Frank Zarb [Unintelligible] . Timothy Naftali Let me ask you -- tell me about how you were recruited by Frank Malek for the Department of Labor. Frank Zarb It was a funny story, since I was working -- running a back office for a very small investment firm with Sandy Weill. I had a call one day from a guy who said, "I'm Fred Malek, and I work for the White House." And I said to him, "I'm not sure who you are, but you've got to be full of shit." That's exactly what I told him, and I started to hang up, and he said, "Don't hang up, call me back." So I called him back, and sure enough, it was the White House switchboard. And he had -- unclear, this point is unclear, but he had a copy of "Fortune" magazine, and "Fortune" magazine had done a story on a transaction that we, the firm, had done with Sandy Weill, and had a little piece on my work as running the inside of the transaction, the back office, and the consolidation.
    [Show full text]