Friday, May 3, 2013
Financial Scandals and the Legislation They Inspired
Posted by Dan Ernst
The SEC Historical Society announces the opening of a new gallery in its “virtual museum,” Wrestling with Reform: Financial Scandals and the Legislation They Inspired. Curated by Robert K.D. Colby of History Associates, Inc., it examines five financial scandals and resulting legislation: (1) Burr Brothers, and the Kansas Blue Sky Law of 1911; (2) Constantino Riccardi, and the Arizona Securities Law of 1951; (3) Illegal corporate payments, and the Foreign Corrupt Practices Act of 1977; (4) Ivan Boesky, Dennis Levine, Michael Millken, and the Insider Trading and Securities Fraud Enforcement Act of 1988; and (5) Enron and WorldCom, and the Sarbanes-Oxley Act of 2002.