Security Exchange Act of 1934

Security Exchange Act of 1934

Cry Wolf Quotes

The national securities act of 1934, as proposed, would interfere in a vital way with the essential supply of capital to business.

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George Houston, National Association of Manufacturers, Vice President

Taken together with the Securities Act of 1933 (the 1934 Act) will effectively bar the flow of capital into American business.

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George Houston, National Association of Manufacturers, Vice President

It would help me by driving 85 per cent of my competitors out of business, if I could manage to keep out of Atlanta or Leavenworth myself.

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Steve Pearce, biggest wire broker of the time, on creation of SEC

Establishment of minimum margins for banks is unfair and unnecessarily restrictive in principle.

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William C. Potter, chairman of the board of Guaranty Trust Co of NY, testimony to Senate Banking Committee