Joseph P. Kennedy

Joseph Kennedy Appointed First SEC Chairman - Wall Street Insider to Police Wall Street

1934-07-02 00:00:00 +0000 UTC | Importance: 7/10

President Roosevelt appoints Joseph P. Kennedy, a wealthy Wall Street speculator known for stock manipulation and insider trading, as the first chairman of the newly-created Securities and Exchange Commission on July 2, 1934. The appointment shocks New Deal reformers and delights Wall Street, …

Franklin D. Roosevelt Joseph P. Kennedy Securities and Exchange Commission (SEC) Wall Street regulatory-capture new-deal sec financial-regulation revolving-door

Securities Exchange Act Creates SEC, Regulates Secondary Markets

1934-06-06 00:00:00 +0000 UTC | Importance: 9/10

President Franklin D. Roosevelt signs the Securities Exchange Act of 1934 into law on June 6, 1934, establishing the Securities and Exchange Commission (SEC) and comprehensive federal regulation of secondary securities trading (stocks, bonds, and debentures). FDR’s compromise approach attempts …

Franklin D. Roosevelt Joseph P. Kennedy Ferdinand Pecora Richard Whitney New York Stock Exchange +3 more financial-regulation new-deal sec-creation securities-law regulatory-victory +1 more