Security Exchange Act of 1934
Cry Wolf Quotes
No rule of thumb method ... can be devised which will fit all securities in all situations....It would produce even greater injury than the Federal Securities Act in retarding or preventing the follow of securities into new and refunding issues, which are indispensable if employment is to be maintained and increased and the huge burden on the Treasury is to be relieved.
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From a statement issued by the unnamed “directors” of the U.S. Chamber of Commerce
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
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
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
