Word: sec
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Dates: during 1930-1939
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...Passed the Chandler Bankruptcy Bill amending the Federal Bankruptcy Law. notably to allow: 1) bankrupt individuals as well as corporations to have their debts adjusted downward in a Federal court, 2) SEC to intervene in corporate reorganizations; sent it to the President...
...special message from President Roosevelt in April. Subject to approval by the House, after being rammed through over some serious Senate criticism, the N. E. C. will be composed of three Senators, three Representatives, an expert each from the Treasury, Justice, Labor and Commerce Departments, one each from SEC and FTC. The committee's province as set forth in the resolution sponsored by Wyoming's Senator O'Mahoney...
...Joseph Moclair, a third-string Manhattan entry, defeated two champion distance runners in the two-mile race, in record-breaking time of 9 min., 21.2 sec., the most startling upset of the meet...
...Declared a truce with Wall Street. SEC Chairman William O. Douglas announced in Manhattan: "The day of the crackdown on Wall Street is over. . . . The prosperity of the New York Stock Exchange is not incompatible with the national welfare." As a basis for further reform by the Exchange, Chairman Douglas and acting Exchange President William Martin Jr. drew up a "round table" of Exchange and SEC members to discuss: i) problems of floor administration such as the question of segregation of broker and dealer activities; 2) increasing the amount of bond trading on the floor; 3) commission rate revision...
...First, Mr. Douglas and five utility magnates, headed by James F. Fogarty, president of North American Co., discussed the question of whether the Public Utility Holding Company Act of 1935 needed any revision. Mr. Douglas said no; the magnates said yes. But the two got along well enough for SEC to announce progress toward "a harmonious relationship." Few days later, Chairman Douglas published a statement in The Annalist offering SEC's help in whatever utility recapitalizations may soon be necessary to release $432,000,000 in accumulated unpaid preferred dividends. Finally, though the Senate took Franklin Roosevelt...