Event

Creation of the Securities and Exchange Commission

The Securities Exchange Act was signed on 6 June 1934; Joseph P. Kennedy became the first chairman on 2 July.

4 links, 3 backed by primary records

Connections 4

Franklin D. Roosevelt signed the Securities Exchange Act on 6 June 1934 Scholarship & press 1
Joseph P. Kennedy first chairman, from 2 July 1934 Primary record 2
U.S. Securities and Exchange Commission created by the Act Primary record 3

Timeline 1 date

Proof 3 sources

Signing of the Securities Exchange Act of 1934 (This Month in Business History), Library of Congress. Scholarship & press
Prior to the signing of the Securities Exchange Act by President Roosevelt on June 6, 1934, there was not much oversight of the United States securities market.
the U.S. Senate Banking Committee began a series of hearings looking into the causes of the crash. These hearings, known as the Pecora Commission (or Pecora Investigation) went on until May 1934.
Fast Facts about Joseph P. Kennedy, John F. Kennedy Presidential Library and Museum (National Archives). Primary record Archived copy
Became first chairman of the newly created commission on July 2, 1934.
15 U.S. Code § 78d - Securities and Exchange Commission, Legal Information Institute, Cornell Law School (text of the U.S. Code). Primary record
There is hereby established a Securities and Exchange Commission (hereinafter referred to as the “Commission”) to be composed of five commissioners to be appointed by the President by and with the advice and consent of the Senate.

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