12/26/1935
https://www.presidency.ucsb.edu...
"I have just signed the Investment Company Act of 1940 and the Investment Advisers' Act of 1940."
"We are cleaning house, putting our financial machinery in good order."
"These Acts give the Securities and Exchange Commission power to regulate investment trusts and investment counselors."
"Take a very simple example… We know that we have plenty of rifles in reserve for all the men that would have to be taught to drill with rifles."