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from Part I - Regulating, Lawmaking, and Entrepreneurial Action
Published online by Cambridge University Press: 07 April 2022
Before he was appointed to his long-lasting seat on the Supreme Court, William O. Douglas (WOD to his entourage, apparently) was Chairman of the Securities & Exchange Commission. His tenure was productive and aggressive, taking on “the moneyed interests” harder than either of his two New Deal predecessors.1 Two subsequent SEC chairs, William Cary and Arthur Levitt, called Douglas their hero and inspiration. In the 1990s, Levitt put Douglas’s quote committing the SEC to be “the investor’s champion” against the forces of greed on the home page of the Commission’s new website.2
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