SEC to release revised stock trading proposals News
SEC to release revised stock trading proposals

[JURIST] Updating a story reported Monday on JURIST's Paper Chase, the US Securities and Exchange Commission has bowed to pressure to make public its revised proposals for US stock trading reform in order to allow continued public debate on the issue. Following intense lobbying amidst securities industry fears that a plan proposing major changes would be put to a vote with no further public discussion, the Commission announced Tuesday that its staff will recommend publication of the proposals to a Dec. 15 commissioners' meeting. Read the SEC statement here. The Financial Times has more.

THIS DAY @ LAW

Fugitive Slave Act of 1850 signed into law

US President Millard Filmore signed the Fugitive Slave Act of 1850 on September 18 of that year, obliging law enforcement to arrest escaped slaves in all US states, including those where slavery was not legal. Free black men and women were endangered by the act's passage as they were at risk of being falsely identified as escaped slaves. The act heightened tensions between abolitionists in the North and slaveholders in the South, contributing to what would become the Civil War eleven years later. Learn more about the Fugitive Slave Act from the National Constitution Center.

Jurist Joseph Story born

On September 18, 1797, future US Supreme Court Justice, Harvard law professor, and legal author Joseph Story was born in Marblehead, Massachusetts. West Virginia University law professor James Elkins notes that Story was also a poet; learn more about Story and read a couple of his poems here.

Anti-Corn Law League created in UK

On September 18, 1838, the Anti-Corn Law League was created in the United Kingdom. As the name suggests, the purpose of the association was to press for the abolition of British Corn Laws, which were indeed repealed in 1846. After the repeal, the organization worked to oppose other protectionist measures in the UK. The weekly news publication, The Economist, was founded as part of the anti-corn law movement.

Jurist Joseph Story born

On September 18, 1797, future US Supreme Court Justice, Harvard law professor, and legal author Joseph Story was born at Marblehead, Massachusetts.

West Virginiia University law professor James Elkins notes that Story was also a poet - learn more about Story and read a couple of his poems here.