Word: sec
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Dates: during 1930-1939
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...Most prominent test case challenging the utility death sentence is that brought by Electric Bond & Share Co. which has refused to register with the SEC as required by the Public Utility Act of 1935. This week E. B. & S. and every other utility holding company was dealt a severe blow when the U. S. Circuit Court of Appeals upheld the decision of Federal Judge Julian W. Mack which restrained E. B. & S. from using the mails or other means of interstate commerce unless it signed up with SEC...
...Hyde Park, he had a succession of callers including Joseph Kennedy of the Maritime Commission; Chairman Douglas of the SEC; Board Chairman James Handasyd Perkins of Manhattan's National City Bank; Broker Paul Shields of Shields & Co.; William Averell Harriman, board chairman of Union Pacific Railroad and head of the President's Business Advisory Council. That these business-minded visitors talked about means of easing up on New Deal restrictions on Business, both Franklin Roosevelt and his callers solemnly denied. Confronted by Washington reports of tax revision, the President avoided endorsing them. Instead, he told his press conference...
Commissioner Ross's resignation left the five-man SEC with two vacancies. To old-line conservatives this was a matter of real concern.* As long as James M. Landis was chairman, the SEC was in the hands of men more or less conciliatory to Wall Street and crusaders were in the minority. This has long been a sore point with ardent New Dealers and last week it was sorer than ever. Forced to resign after disagreement with associates, Kemper Simpson, SEC economic adviser since 1934, furiously ticked off the SEC for relaxing registration requirements, blamed the severity...
...Suspending Thomas F. Gagen, broker, from the Boston Exchange on charges of stock manipulation, the SEC cracked out a warning to customers' men that their activities "cannot long be ignored." Brokers shivered as they recalled that Chairman Douglas once declared that customers' men had "unestablished value." ¶ SEC acted on an application of International Paper & Power Co. for a rehearing on a phase of its recapitalization plan under which, when Landis was chairman, it had been granted exemption from the provisions of the Public Utility Act of 1935. Denying the application, the commission last week announced that...
...Also a matter of concern to conservatives this week was the refusal of the U. S. Supreme Court to review a lower court decision sustaining the SEC, whose power to subpoena telegrams had been challenged by three Florida concerns-Ryan Florida Corp., Income Royalties Co. and Florida...