SECURITY SPECULATION by John T. Flynn

SECURITY SPECULATION

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KIRKUS REVIEW

The chief purpose of the book is to show up past and present manipulations of securities in organized security markets, but it is, in addition, the clearest and most level headed criticism to date of The New York Stock Exchange. Terms are clearly defined. The liberal use of charts and statistics, the frequent use of actual quotations from the writings of modern business and financial executives -- all this spreads before the reader the story of the common practice of manipulation in many of our best known security issues by the underwriters of ""pools"" or the companies themselves. The author grants good points in the defense, but by studious research and convincing argument he presents the case for curbing or eliminating the practice of ""pools"", of specialist and floor trader operating on their own account, of commission brokers speculating for themselves and their houses, of short selling, present methods of distributing stocks, market loans, margin accounts, misleading publicity, etc. The recent Washington investigation has revealed names and facts which he uses. The market:- men interested in current affairs; financial book enthusiasts.

Pub Date: July 12th, 1934
Publisher: Harcourt, Brace