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[quote]QUOTE: Originally posted by MichaelSol The book was part of run-up of the need for securities regulation, and an impetus to the Securities and Exchange Act, establishing the SEC in 1933 upon the theory that, without oversight and regulation of the stock market and publicly-traded companies of the type of regulation that existed for railroads through the ICC, "the Investor Pays," because the average investor is incapable of protecting themselves from corporate shenanigans and insider control activity. [/quote] Sounds like Lowenthall was ahead of his time, circa 1990's (the decade of fraud).
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