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JONES v. SECURITIES COMMISSION

No. 640.

298 U.S. 1 (1936)

56 S.Ct. 654

80 L.Ed. 1015

JONES v. SECURITIES & EXCHANGE COMMISSION.

Supreme Court of United States.

Decided April 6, 1936.

Attorney(s) appearing for the Case

Messrs. Harry O. Glasser and James M. Beck, with whom Messrs. Bainbridge Colby, J.N. Saye, and H.I. Fishbach were on the brief, for petitioner.

Mr. John J. Burns, General Counsel, Securities & Exchange Commission, and Solicitor General Reed, with whom Messrs. Charles E. Wyzanski, Jr., and Alger Hiss were on the brief, for respondent.

MR. JUSTICE SUTHERLAND delivered the opinion of the Court.

This case arises under "The Securities Act of 1933," c. 38, 48 Stat. 74, U.S.C. Title 15, § 77a et seq., as amended by act of June 6, 1934, c. 404, 48 Stat. 881. Prior to the amendment, the act was administered by the Federal Trade Commission; but by § 210, 48 Stat. 908, the administration was transferred to...

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