Work in progress — cycles are added one at a time. Every quote is machine-verified against an archived source; follow the links to read it.
Issues › Banking & Finance
Regulation of securities issuance and exchanges
| Cycle | Candidate | Position | Solution | Strength | Attribution | Verdict |
|---|---|---|---|---|---|---|
| 1932 | Franklin D. Roosevelt (Democratic) | Federal regulation of securities and commodity exchanges, interstate holding companies and interstate utility rates | Regulate "to the full extent of federal power" holding companies that sell securities in interstate commerce, the rates of utilities operating across state lines, and exchanges in securities and commodities. | specific_pledge | candidate_direct | kept |
| 1932 | Franklin D. Roosevelt (Democratic) | Require full public disclosure on all offerings of stocks and bonds | Require that all offerings of foreign and domestic stocks and bonds file with the government, and carry in advertisements, true information about bonuses, commissions, principal invested and the sellers' interests. | specific_pledge | candidate_direct | kept |
| 1932 | Franklin D. Roosevelt (Democratic) | No implied government approval of foreign bond sales; officials will not try to move stock prices | Two executive policies requiring no legislation: (1) end the practice by which international bankers sell foreign securities on the implied understanding that the State Department has passed on them; (2) high officials o… | specific_pledge | candidate_direct | kept? |
| 1932 | Herbert Hoover (Republican) | No federal 'blue sky' law — securities regulation belongs to the states, and the President should not police booms | Leave control of securities issues to the states (New York above all), where 'the full constitutional authority for that sort of action rests'; reject a federal securities board as unconstitutional, centralizing and unwa… | directional_stance | candidate_direct | not_applicable |
| 1936 | Alf Landon (Republican) | Keep federal regulation of securities marketing and interstate utilities, vested in independent tribunals under definite standards subject to court review | Accept the field of salutary regulation but lodge it in independent commissions acting under 'clear and specific laws.' | directional_stance | party_platform | not_applicable |