The Rules Committee and its counsel, Sherman Whipple (seated far right), met in January 1917 to investigate allegations of insider trading on Wall Street. Throughout the month, the Committee met in both Washington and New York to determine if investors made financial gains based on advance knowledge of President Wilson’s attempt to broker peace between the Allies and Germany during World War I. Whipple zealously questioned witnesses on the mechanics of the stock market, particularly the practice of short selling.
History, Art & Archives, U.S. House of Representatives, “House Rules Committee,” https://history.house.gov/Collection/Listing/PA2011/PA2011-09-0123/ (January 20, 2020)
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