(BUSINESS) ROOSEVELT FRANKLIN D Partly printed Document Sign

Sale 2367 - Lot 54

Price Realized: $ 2,750

?Final Price Realized includes Buyer’s Premium added to Hammer Price

Estimate: $ 2,000 - $ 3,000

APPOINTING PECORA TO NEWLY-FORMED SEC (BUSINESS.) ROOSEVELT, FRANKLIN D. Partly-printed Document Signed, as President, appointing Ferdinand Pecora a member of the Securities and Exchange Commission. Countersigned by Secretary of State Cordell Hull. 19 1/4x23 inches; mounted to board trimmed to size, brittling to edges with some loss at upper corners, some toning overall, paper seal intact. (TFC) Washington, 13 June 1934

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Pecora (1882-1971) was an attorney and later judge whose investigations of Wall Street--first while serving as legal counsel for New Jersey's Senate Banking and Currency Committee and then as a member of the newly-established Securities and Exchange Commission--led to important reforms enacted by the Glass-Steagall Banking Act (1933), the Securities Act (1933), and the Public Utility Holding Company Act (1935).