David Silver – Interviews I and II

Date: March 22, 2006
Interviewed By: Dr. Kenneth Durr

David Silver worked at the Investment Company Institute for 25 years following his SEC service from 1960 to 1965.
This oral history was recorded on two dates and is split into six recordings; the descriptions for them are below and there are two transcripts.

Parts two and three

April 21, 2006

Part four

Part five

Part six

 

March 22, 2006
Part 1 – In this interview, Mr. Silver describes his early legal career, and his work in the Re, Re & Sagarese case. 

Part 2 – He details the subsequent AMEX investigation which lead to a major reorganization of the exchange and setting the stage for the SEC’s Special Study of Securities Markets, where he became a project chief focused on NYSE trading operations.

Part 3 – Mr. Silver explains the structure and process of the SEC’s Special Study of Securities Markets and its findings. 

April 21, 2006
Part 4 – In this second interview, Mr. Silver recounts his experiences at the SEC and the Investment Company Institute and discusses the 1962 and 1963 market breaks and regulatory responses.

PART 5 – He recounts his experiences at the SEC during the 1962 and 1963 market breaks, describing the limited power the SEC had to intervene during the crises.

PART 6 – He describes his transition to the ICI and strengthening ties between the mutual fund industry and regulators.