First Edition of Pecora's Rare Work on Wall Street
Wall Street Under Oath: The Story of Our Modern Money Changers.
Item Number: 3824
New York: Simon and Schuster, Inc, 1939.
First edition of Pecora’s account of his role as chief counsel in the dramatic 1930s Senate hearings on Wall Street’s role in the 1929 Stock Market Crash. Octavo, original blue cloth. In near fine condition. A very sharp example.
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. On January 21, 1935, Pecora resigned from the SEC and became a judge of the New York State Supreme Court, a position he held until 1950.