Transformation of Wall Street, Third Edition » (3rd Edition)

The principal actor in the transformation of U.S. corporate finance has been the Securities and Exchange Commission, according to Seligman (Washington U. School of Law in St. Louis). In this revised edition of his history of the organization, created in response to corporate governance scandals exposed in the wake of the stock market crash of 1929, he describes the regulatory history of the commission, emphasizing issues concerning the structure of the securities markets. Annotation ©2003 Book News, Inc., Portland, OR

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First published in 1982, this revised edition provides an updated history of the SEC and its relationship to corporate finance covering the period from the 1929-1932 stock market crash, which led to the agency's creation in 1934, to the end of the Nixon-Ford presidential administration early in 1977. Seligman (Dean, U. of Arizona College of Law) focuses on the many complex determinants of Commission policy, both during the SEC's highly regarded New Deal period and during the post-WWII period, when the quality of the agency's performance was more erratic. Annotation c. Book News, Inc., Portland, OR (booknews.com)