APPOINTING FERDINAND PECORA TO THE NEWLY-FORMED SECURITIES AND EXCHANGE COMMISSION; SIGNED BY FRANKLIN ROOSEVELT
Ferdinand Pecora Appointment To The Securities and Exchange Commission by Franklin Roosevelt.
Roosevelt, Franklin & Pecora, Ferdinand.$9,800.00
Item Number: 4411
Document signed by Franklin Roosevelt as President, appointing Ferdinand Pecora a member of the Securities and Exchange Commission. Also signed by Secretary of State Cordell Hull. Matted and framed. A unique piece of political and economic history.
Ferdinand Pecora was appointed Chief Counsel to the U.S. Senate's Committee on Banking and Currency in January 1933. The Senate committee hearings that Pecora led probed the causes of the Wall Street Crash of 1929 that launched a major reform of the American financial system. After Pecora closed his investigations, on July 2, 1934, President Roosevelt appointed Ferdinand Pecora a Commissioner of the newly formed U.S. Securities and Exchange Commission (SEC). In 1939 Pecora wrote a book about the Senate investigations titled: Wall Street Under Oath: The Story of Our Modern Money Changers.