Pecora hearings on Wall Street practices
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The Pecora hearings on Wall Street practices were a series of early 1930s U.S. Senate investigations into stock market abuses and financial corruption that exposed widespread misconduct in the banking industry and helped spur major New Deal financial reforms.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
United States Senate investigation
ⓘ
congressional hearing ⓘ financial scandal investigation ⓘ |
| aimedAt |
curbing speculative abuses
ⓘ
protecting small investors ⓘ restoring confidence in the financial system ⓘ |
| appliesToJurisdiction |
United States of America
ⓘ
surface form:
United States
|
| causeOf |
Glass–Steagall Act
NERFINISHED
ⓘ
Securities Act of 1933 NERFINISHED ⓘ Securities Exchange Act of 1934 NERFINISHED ⓘ creation of the Securities and Exchange Commission ⓘ |
| chairperson | Duncan U. Fletcher NERFINISHED ⓘ |
| chiefCounsel | Ferdinand Pecora NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| describedBySource | U.S. Senate Committee on Banking and Currency records NERFINISHED ⓘ |
| endTime | 1934 ⓘ |
| genre | public inquiry ⓘ |
| hasEffect |
increased public distrust of Wall Street
ⓘ
strengthening of federal financial regulation ⓘ support for New Deal financial reforms ⓘ |
| hasPart |
investigation of Wall Street practices
ⓘ
investigation of banking industry misconduct ⓘ investigation of stock market abuses ⓘ |
| historicalPeriod | early 1930s in the United States ⓘ |
| legislativeBody | United States Senate ⓘ |
| location | Washington, D.C. ⓘ |
| mainSubject |
commercial banking
ⓘ
financial corruption ⓘ investment banking ⓘ securities industry ⓘ stock market regulation ⓘ |
| namedAfter | Ferdinand Pecora NERFINISHED ⓘ |
| partOf |
early New Deal reform efforts
ⓘ
response to the Wall Street Crash of 1929 ⓘ |
| pointInTime | Great Depression NERFINISHED ⓘ |
| significantEvent |
exposure of insider loans to bank officers
ⓘ
exposure of stock market manipulation ⓘ revelation of securities sales abuses ⓘ revelation of tax avoidance by bankers ⓘ |
| significantParticipant |
Charles E. Mitchell
NERFINISHED
ⓘ
Chase National Bank NERFINISHED ⓘ Ferdinand Pecora NERFINISHED ⓘ J. P. Morgan Jr. NERFINISHED ⓘ J.P. Morgan & Co. NERFINISHED ⓘ Kuhn, Loeb & Co. NERFINISHED ⓘ National City Bank of New York NERFINISHED ⓘ |
| startTime | 1932 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Creation of the Securities and Exchange Commission
→
influencedBy
→
Pecora hearings on Wall Street practices
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