With consent of the governed: SEC's formative years

Thomas K. McCraw

Journal of Policy Analysis and Management, 1982, vol. 1, issue 3, 346-370

Abstract: The Securities and Exchange Commission, established in 1934, has achieved a uniquely high reputation for effective regulation. The SEC succeeded in large measure because of the initial strategy developed by its founders. Led by Joseph P. Kennedy, James M. Landis, and William O. Douglas, the SEC sought to restore public confidence in the capital markets and induce regulated interests to help enforce public policy. These interests included the accounting profession, the organized securities exchanges, and the brokers and dealers operating in the over-the-counter market. In each case, the SEC encouraged the strengthening of regulatory structures within the private sector, using its power and influence to promote what later came to be called the “public use of private interest”.

Date: 1982
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.2307/3324354 Link to full text; subscription required (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:jpamgt:v:1:y:1982:i:3:p:346-370

DOI: 10.2307/3324354

Access Statistics for this article

More articles in Journal of Policy Analysis and Management from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().