6 Most Memorable SEC Chiefs

As critics debate whether President Obama's nominee for the SEC, Mary Jo White, is the right choice, we take a look at some of the past’s most memorable heads of the agency.
February 01, 2013

Joseph P. Kennedy 1934-1935

In 1919, Joe Kennedy, the father of President John F Kennedy, joined the brokerage firm Hayden, Stone & Co, where he became an expert in dealing in the unregulated stock market of the day and engaged in tactics that were later labeled insider trading and market manipulation.

In 1934, President Franklin Delano Roosevelt named him the inaugural chairman of the SEC, with a mission to clean up the securities industry. Although he only remained in the position for 15 months, Kennedy's work as the SEC's Chairman was widely praised, as investors realized that the SEC was protecting their interests.

Among the critical reforms he spearheaded was the requirement for companies to regularly file financial statements with the SEC, breaking what some saw as an information monopoly maintained by the Morgan banking family. Kennedy left the SEC in 1935 to take over the Maritime Commission.

Wall Street & Technology encourages readers to engage in spirited, healthy debate, including taking us to task. However, Wall Street & Technology moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing/SPAM. Wall Street & Technology further reserves the right to disable the profile of any commenter participating in said activities.

Disqus Tips To upload an avatar photo, first complete your Disqus profile. | Please read our commenting policy.
< Previous 1 2 3 4 5 6 7 Next > 

< Previous 1 2 3 4 5 6 7 Next >