Word: ganson
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...these, and 14 similar transactions, was the Securities & Exchange Commission's chief watchdog, James Aloysius Treanor Jr., a husky, hardworking lawyer who caught the eye of SEC by the way he had run an FCC investigation of the telephone system. He joined SEC as a lawyer, succeeded Ganson Purcell (now head of SEC) as director of the Trading & Exchange division in 1941. A soft talker, who used SEC's big stick sparingly, he has been watching new issues...
Where Does the SEC Stand? In its eighth year, under its sixth chairman, Ganson Purcell (TIME, Jan. 26), SEC is not the thrill-a-minute New Deal star wagon it once was. For one thing, defense and war have drawn heavily upon its brilliant staff. OPA took not only ex-Commissioner Leon Henderson, but Utilities Expert Joe Weiner, Legal Eagle Dave Ginsburg; many a lesser technician has gone to defense work. Betting is that only 750 of its 1,250 employes will follow SEC to Rittenhouse Square...
With only two horror cases in six years to cite, SEC's testimony before Congress made Wall Street scream about manufactured bids for more power. Ganson Purcell calls this charge "the obvious resort of anybody who wants to undermine our efforts to perfect the powers we have...
...provocation: A New Deal youngster, 36-year-old Ganson Purcell, had got the White House green light to become SEC's sixth chairman in seven years. He would succeed New Dealer Edward Clayton Eicher, ex-Iowa Congressman who jumped from the SEC springboard* to Chief Justice of the U.S. District Court in the District of Columbia...
SECommissioner Ganson Purcell said: "It may prove to be wise to insist that corporate salaries be reasonably restricted." Purcell would like to set up a temporary wartime Government agency with specific control over all corporate earnings...