SECURITIES AND EXCHANGE COMMISSION v. DREXEL & CO. (1955) - Ballotpedia

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SECURITIES AND EXCHANGE COMMISSION v. DREXEL & CO.

Term: 1954
Important Dates
Argued: February 9, 1955
Decided: February 28, 1955
Outcome
Reversed
Vote
6-2
Majority
Hugo Black • Tom Clark • William Douglas • Sherman Minton • Stanley Reed • Earl Warren
Dissenting
Harold Burton • Felix Frankfurter

SECURITIES AND EXCHANGE COMMISSION v. DREXEL & CO. is a case that was decided by the Supreme Court of the United States on February 28, 1955. The case was argued before the court on February 9, 1955.

In a 6-2 ruling, the U.S. Supreme Court reversed the ruling of the lower court. The case originated from the New York Southern U.S. District Court.

For a full list of cases decided in the 1950s, click here. For a full list of cases decided by the Warren Court, click here.

About the case

Subject matter: Economic Activity - Federal or state regulation of securities
Petitioner: Securities and Exchange Commission
Petitioner state: Unknown
Respondent type: Broker, stock exchange, investment or securities firm
Respondent state: Unknown
Citation: 348 U.S. 341
How the court took jurisdiction: Cert
What type of decision was made: Opinion of the court (orally argued)
Who was the chief justice: Earl Warren
Who wrote the majority opinion: William Douglas

These data points were accessed from The Supreme Court Database, which also attempts to categorize the ideological direction of the court's ruling in each case. This case's ruling was categorized as liberal.

See also

External links

The Supreme Court Database

Footnotes

↑ Harold J. Spaeth, Lee Epstein, et al., "2023 Supreme Court Database, Version 2023 Release 1 and SCDB Legacy 07," accessed March 21, 2024

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