Securities and Exchange Commission v. W. J. Howey Company
United States Supreme Court
SECURITIES AND EXCHANGE COMMISSION v. W. J. HOWEY COMPANY
Argued: May 2, 1946. --- Decided: May 27, 1946
See 67 S.Ct. 27.
Mr. Roger S. Foster, of Philadelphia, Pa., for petitioner.
Messrs. C. E. Duncan, of Tavares, Fla., and George C. Bedell, of Jacksonville, Fla., for respondents.
Mr. Justice MURPHY delivered the opinion of the Court.