Arthur Fleischer Jr., Corporate Takeover Lawyer, Passes Away at 92

During the Kennedy administration, Cary was appointed as the chairman of the Securities and Exchange Commission. Following this, Mr. Fleischer departed to work as part of Mr. Cary’s team.

The role of the chairman of the SEC is a critical one, responsible for overseeing and regulating the securities industry in the United States. Cary took on this role during a time of significant economic challenges and changes, requiring strong leadership and expertise in financial matters.

As the head of the SEC, Cary faced a number of important issues and decisions. One of the key responsibilities of the SEC is to ensure that financial markets operate in a fair, transparent, and efficient manner. This includes regulating the issuance and trading of securities, enforcing securities laws, and protecting investors from fraud and abuse.

Under Cary’s leadership, the SEC worked to strengthen regulations and enforcement actions to maintain the integrity of the financial markets. This included cracking down on insider trading, accounting fraud, and other illegal activities that undermine investor confidence and trust in the markets.

In addition to enforcement actions, Cary also focused on improving transparency and disclosure requirements for companies that issue securities. This was aimed at providing investors with the information they need to make informed investment decisions and to prevent market manipulation and abuse.

Cary’s tenure as chairman of the SEC was marked by a commitment to upholding the highest standards of integrity and professionalism in the financial industry. He worked to ensure that the SEC remained vigilant in its oversight of the markets and responsive to emerging risks and challenges.

The work of the SEC under Cary’s leadership helped to restore confidence in the financial markets and protect investors from misconduct and abuse. His dedication to upholding the integrity of the markets and promoting transparency and accountability set a strong example for future leaders in the financial industry.

In conclusion, Cary’s tenure as chairman of the SEC was marked by a commitment to upholding the highest standards of integrity and professionalism in the financial industry. His leadership and expertise contributed to the strengthening of regulations, enforcement actions, and transparency efforts to protect investors and ensure the fair and efficient operation of the securities markets.