The Portpatrick and Wigtownshire Railways ( Sale and Transfer ) Act was actually passed on 6 August 1885.3?% guaranteed stock was issued, one for one to Portpatrick Railway shareholders, and one for two to Wigtownshire Railway shareholders.
12.
Investigations into Baker's affairs found that in 1963 he bought 6, 000 shares of Mortgage Guarantee stock with the help of a Texas banker shortly before the IRS reversed an earlier policy and granted Karl the ruling he wanted.
13.
And now, the Securities and Exchange Commission appears to be going beyond an initial investigation into off-shore transactions involving Datek and looking into whether the firm offered customers guaranteed stock returns, a practice that could run afoul of SEC antifraud provisions.
14.
"We already have a very highly valued market, and even if we have low interest rates, if we don't get the growth ( in profits ), then there's no guarantee stocks will hold their value, " said Marshall Acuff, chief investment strategist at Salomon Smith Barney Inc.
