How The New York Stock Exchange, The Life Insurance Industry, The Sec And A Host Of Other Guardians

How the New York Stock Exchange, the Life Insurance Industry, the Sec and a Host of other Guardians Equity Funding Corporation of America, a financial-services institution, began operations in 1960 with $10,000. Its "Product" was a new way to purchase life insurance. You bought shares in a mutual fund; you borrowed against that equity to pay your life-insurance premiums. In effect, you used your money twice--and if the stock market went up in the interval, you made money on the deal.By...