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A private man, Cohen was perfectly suited for the role of insider and trusted adviser. In April 1933 the administration found itself in some difficulty in framing legislation for the securities industry. Could Professor Frankfurter be of any assistance? He could, and to Washington he dispatched two of his former students, James Landis, who would later be made the head of the Securities Exchange Commission, and Ben Cohen. Closeting themselves in a hotel for four days, the two produced a revised version of the bill and watched with not a little satisfaction as it was enacted into law. It would be a while before Cohen returned to New York. He was appointed legal counsel for the Public Works Administration, where he prepared the drafts of what would become the Federal Securities Act of 1933, the Securities and Exchange Act of 1934, the Utility Holding Act of 1935 (the constitutionality of...
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This section contains 168 words (approx. 1 page at 300 words per page) |
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