Business: Reform & Realism

(See front cover)

The Securities & Exchange Commission, now just one year old. has 659 employes, occupies most of the old Interstate Commerce Commission Building, and has won the distinction of being the most ably administered New Deal agency in Washington. Its prime purpose is to police the U. S. securities business. And, under the direction of four SECommissioners (there is one vacancy), it does.

In the year past the men whom President Roosevelt picked to administer what well may prove to be his most enduring reform have brought under their supervision every important...

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