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50 S.E.C. Ann. Rep. [i] (1984)

handle is hein.tera/secanrep0050 and id is 1 raw text is: 50th Annual Report of the
U.S. Securities and Exchange Commission
for the fiscal year ended September 30, 1984
1984 marks the 50th anniversary of the Securities and Exchange Commission.
Fifty years ago, in the depths of the depression, the nation's securities markets
were demoralized. Today, they are by far the best capital markets the world has
ever known-the broadest, the most active and efficient, and the fairest
The Securities and Exchange Commission has played an important role in the
restoration of public confidence in the nation's securities markets. With the help
and support of the Congress, the executive and the judiciary, the investing public,
industry, the financial community, the legal and accounting professions and legal
scholars, the Commission has discharged with distinction its mandate to protect
investors and maintain fair and orderly markets.
The Commission's illustrious history over the past half century is a testimonial
to the generations of exceptional and dedicated individuals who have served in a
wide variety of capacities, ranging from clerks, secretaries and staff professionals
to Division Directors and Commissioners. They have been widely acknowledged
to be among the best in government They have built the Commission's reputa-
tion. They have set the standards of excellence to which we all aspire.
John S.R. Shad
Chairman

For Sale by the Superintendent of Documents, U.S. Government Printing Office
Washington, D.C. 20402