In 1988 established the President's.
Kennedy's team defined four missions for the new Commission: 1 to restore investor confidence in the securities market, which had practically collapsed; 2 to restore integrity to securities markets by prosecuting and eliminating fraudulent and unsound practices targeting investors; 3 to end million-dollar insider trading by top officials of major corporations; and 4 to establish a complex and universal system of registration for securities sold in America, with a clear-cut set of deadlines, rules and guidelines.