Informs President SEC ready to proceed with investigation of insurance companies. Washington, D.C., Jan. 24. William O. Douglas, Chairman of the Securities and Exchange Commission, leaving the White House today after reporting to President Roosevelt that the commission was ready to proceed with its investigation of insurance companies in connection with the present monopoly inquiry. He indicated the SEC would be concerned primarily with the investment and managerial phases of insurance company operation and said approximately $300,000 would be required to carry out the work in this calendar year, 1/24/38