Securities and Exchange Commission v. W. J. Howey Company
|Securities and Exchange Commission v. W. J. Howey Company by
|Supreme Court of the United States held that the offer of a land sales and service contract was an “investment contract” within the meaning of the Securities Act of 1933, , and that the use of the mails and interstate commerce in the offer and sale of these securities was a violation of §5 of the Act, . It was an important case in determining the general applicability of the federal securities laws. — Excerpted from Securities and Exchange Commission v. W. J. Howey Co. on Wikipedia, the free encyclopedia.Securities and Exchange Commission v. W. J. Howey Co., 328 U.S. 293 (1946), was a case in which the|
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.