SECURITIES AND EXCHANGE COMMISSION v. DREXEL & CO.

No. 153.

349 U.S. 910 (1955)

SECURITIES AND EXCHANGE COMMISSION v. DREXEL & CO.

Supreme Court of United States.

April 18, 1955.


Opinion amended by adding the following footnote at the end of the eighth paragraph [reported as amended, 348 U.S. 341, 344]:

A petition for rehearing states that Electric is not a "public utility company" within the meaning of the Act and therefore § 12 (d) is inapplicable. We do not prejudice that position by this opinion, for whether or not Electric is a "public utility company," § 12 of the Act is concededly applicable...

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