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The Pecora Investigation was an inquiry begun on March 4, 1932, by the United States Senate Committee on Banking and Currency to investigate the causes of the Wall Street Crash of 1929. The name refers to the fourth and final chief counsel for the investigation, Ferdinand Pecora .
It regularized the practice of Senate committees subpoenaing materials from individuals as well as institutions. In recognition of the central role played by the committee’s chief counsel, it became popularly known as the “Pecora Investigation.” (It was not called the “Pecora Commission,” however.)
Apr 23, 2024 · Following the stock market crash in 1929 that preceded the Great Depression, the Senate Banking and Currency Committee investigated the American financial industry. Known as the Pecora Investigation, named for its skilled chief counsel Ferdinand Pecora, the investigation captivated public attention at the depth of the Great Depression.
Assigned to probe the causes of the 1929 crash, he led what became known as the “Pecora commission,” making front-page news when he called Charles Mitchell, the head of the largest bank in ...
The Senate Banking Committee investigation of the financial industry, referred to as the Pecora Investigation, began after the stock market crash of 1929, and was one of Congress’ most successful and influential investigations.
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In Congress, the Pecora Investigation laid the factual foundation for dramatic reforms to rein in unfair, unethical, or reckless financial practices and strengthen public protections.
Aug 16, 2024 · Once the Securities Exchange Act was passed, Joseph P. Kennedy became the first chairman with Ferdinand Pecora who led the investigation, George C. Mathews, James M. Landis, and Robert E. Healy appointed commissioners.
