Clarence H. Adams
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Clarence H. Adams (November 1, 1905 – May 10, 1987) was an American government official and businessman who served as a commissioner of the
U.S. Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...
from 1952 to 1956.


Early life

Adams was born on November 1, 1905, in
Ogunquit, Maine Ogunquit ( ) is a resort town in York County, Maine. As of the 2020 census, its population was 1,577. Ogunquit is part of the Portland– South Portland–Biddeford, Maine Metropolitan Statistical Area. History Ogunquit, which means "beau ...
(then part of
Wells, Maine Wells is a resort town in York County, Maine, United States. Founded in 1643, it is the third-oldest town in Maine. The population was 11,314 at the 2020 census. Wells Beach is a popular summer destination. History The Abenaki Indians calle ...
) to Orin J. Adams and Rose (Moody) Adams. In 1923 he graduated from
Wells High School Wells High School is a public school located in Wells, Maine, United States. It has an enrollment of 450 students in grades 9 through 12. The school primarily serves students from Wells, as well as a small number of students from Ogunquit, Maine ...
. He began his banking career with the York County Trust Company in Ogunquit. In 1923 he moved to Hartford to work as a cashier for Fuller, Richter, Aldrich & Co.


Government career

From 1931 to 1952, Adams was the Securities Administrator for Connecticut Banking Department. He was the first person to hold this position. During this time he also was director of the Connecticut Fraud Bureau, assistant to the state banking commissioner and president of the National Association of State Securities Administrators. He was a member U.S. Securities and Exchange Commission from 1952 to 1956.


Business career

After leaving the SEC, Adams became chairman and chief executive officer of National Equities Inc., a private real estate investment and development company. In this role he also served as vice president and treasurer of the
Kratter Corporation Marvin Kratter (born November 9, 1915, in Brooklyn, died October 24, 1999, in Encinitas, California) was a New York-based real estate developer who was the head of the Kratter Corporation, National Equities, Countrywide Realty, Knickerbocker Brewe ...
, vice president of Ruppert Knickerbocker Brewery, and trustee and President of the
Boston Celtics The Boston Celtics ( ) are an American professional basketball team based in Boston. The Celtics compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Atlantic Division. Founded in 1946 as one of t ...
.


Personal life

On October 10, 1931, Adams married Arlene M. Sawyer. They remained married until his death in 1987. They had two daughters. Adams was a member of the
Republican Party Republican Party is a name used by many political parties around the world, though the term most commonly refers to the United States' Republican Party. Republican Party may also refer to: Africa *Republican Party (Liberia) * Republican Part ...
,
Freemasons Freemasonry or Masonry refers to fraternal organisations that trace their origins to the local guilds of stonemasons that, from the end of the 13th century, regulated the qualifications of stonemasons and their interaction with authorities ...
,
Knights Templar , colors = White mantle with a red cross , colors_label = Attire , march = , mascot = Two knights riding a single horse , equipment ...
,
Royal Order of Jesters The Royal Order of Jesters is a male fraternal organization, allowing only Shriners in good standing to join. Admission is by invitation only. Formation The original meeting resulting in the formation was held on February 20, 1911, by Shriners ...
, and
Shriners Shriners International, formally known as the Ancient Arabic Order of the Nobles of the Mystic Shrine (AAONMS), is an American Masonic society established in 1870 and is headquartered in Tampa, Florida. Shriners International describes itself ...
. Adams was a resident of Ogunquit, Maine,
Bloomfield, Connecticut Bloomfield is a suburb of Hartford in Hartford County, Connecticut, United States. The town's population was 21,535 at the 2020 census. Bloomfield is best known as the headquarters of healthcare services company Cigna. History Originally land ...
,
Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...
, and
Mamaroneck, New York Mamaroneck ( ) is a town in Westchester County, New York, United States. The population was 31,758 at the 2020 United States census over 29,156 at the 2010 census. There are two villages contained within the town: Larchmont and the Village of Ma ...
.


Death

Adams died on May 10, 1987, in
Portland, Maine Portland is the largest city in the U.S. state of Maine and the seat of Cumberland County. Portland's population was 68,408 in April 2020. The Greater Portland metropolitan area is home to over half a million people, the 104th-largest metropol ...
.


References

{{DEFAULTSORT:Adams, Clarence H. 1905 births 1987 deaths American financial businesspeople Boston Celtics executives Members of the U.S. Securities and Exchange Commission People from Bloomfield, Connecticut People from Ogunquit, Maine Businesspeople from Washington, D.C. People from Mamaroneck, New York Connecticut Republicans 20th-century American businesspeople Truman administration personnel Eisenhower administration personnel