President Woodrow Wilson’s first few years in office were marked by the passage of an array of fiscal reforms and initiatives. Dec. 23, 1913, saw Congress give the nod to one of Wilson’s economic initiatives: the “Federal Reserve Act,” which promised to change the nation’s banking system.
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This Day in Wall Street History 1913: ‘Federal Reserve Act’ is approved
December 24th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: Array, Banking System, Economic Initiatives, Federal Reserve, Federal Reserve Act, Federal Reserve Banks, Federal Reserve Board, Federal Reserve Note, First Few Years, Fiscal Reforms, National Banks, Nod, One Time, President Woodrow Wilson, Regional Banks, Source History, Time Deposits, Wall Street, Wall Street History, Woodrow Wilson 
No Comments »SEC to Consider Short Selling Rules
May 5th, 2009 Before You Invest The head of the Securities and Exchange Commission said Tuesday she is making the issue of new rules restricting small-selling a priority as the agency heard from an array of interests about ways to limit trades that bet against a stock.Investors and lawmakers have been clamoring for the SEC to place new brakes on trading moves they say worsened the market’s downturn.Small-selling involves borrowing a company’s shares, selling them, then buying them back when the stock falls and returning them to the lender. The small seller pockets the difference.Investor confidence has been shaken as the market has plunged and new constraints against abusive trading are needed, say proponents of restoring a Depression-era rule that prohibits small sellers from making their trades until a stock ticks at least one penny above its previous trading price.
