SOME LEGAL PROBLEMS CONNECTED WITH STOCK MARKET TRANSACTIONS

Authors

S. Ashley Guthrie, Of the Bar of Chicago, Illinois
Henry F. Tenney, Of the Bar of Chicago, Illinois

Abstract

If any one were asked what was the most dramatic event of the last year, he probably refer at once to the collapse of the great Bull Market on the New York Stock Exchange. This was not only a dramatic event, but it was literally a tragedy for hundreds of thousands of people. Securities shrank to less than half their former inflated values and hundreds of millions of dollars in cash and paper profits were lost over night, or possibly we should say over two nights, for the crash occurred in two stages, one in October and one in November, and many of those who staggered through the first were annihilated by the second. Never before had so many people been involved in stock market speculation, and, consequently, never before had so many people been directly hit by any stock market panic. Never before had so many dreams of El Dorado been shattered.

Recommended Citation

S. A. Guthrie & Henry F. Tenney, SOME LEGAL PROBLEMS CONNECTED WITH STOCK MARKET TRANSACTIONS, 29 Mich. L. Rev. 41 (1930).
Available at: https://repository.law.umich.edu/mlr/vol29/iss1/4