America 1919

In the era before the United States Securities and Exchange Commission was established, companies in the United States seeking to list on the NYSE still had some procedures to follow, but under Donnie’s operation,

Trident Shipyard’s path to going public could be described as smooth sailing.

From the moment Trident Shipyard signed the IPO agreement with Gordon-Blalock Securities, it took only one month.

Trident Shipyard obtained its listing qualification.

The "Atlantic City Post," "The New York Times," "Wall Street Journal," and ABC, among other media outlets, all reported on the event. More importantly, because the regulatory system of the United States stock market was not yet perfected at that time, many companies did not need to disclose excessively detailed information about their assets.

This situation persisted until Franklin Roosevelt took office. Given that the United States was facing the Great Depression at the time, Congress held a vote under Franklin Roosevelt’s initiative, leading to the establishment of the United States Securities and Exchange Commission. Clear legal provisions were then implemented regarding corporate IPOs, financial status of listed companies, stock trading, and a series of related matters.

In other words, during this period, stock prices of listed companies in the United States were, to a large extent, not influenced by retail investors but controlled by major Wall Street banking consortiums.

This gave rise to the so-called ’Big Bank Club.’

Of course, if your publicity was effective enough, allowing ordinary investors to identify certain stocks without going through securities brokers, then those stocks were highly likely to be pushed to significant highs by retail traders.

Currently, Trident Shipyard actually possesses both of these conditions.