Silver v. New York Stock Exchange

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Silver v. New York Stock Exchange
the Supreme Court of the United States

Silver v. New York Stock Exchange, 373 U.S. 341 (1963), was a case of the United States Supreme Court which was decided May 20, 1963. It held that the duty of self-regulation imposed upon the New York Stock Exchange by the Securities Exchange Act of 1934 did not exempt it from the antitrust laws nor justify it in denying petitioners the direct-wire connections without the notice and hearing which they requested. Therefore, the Exchange's action in this case violated 1 of the Sherman Antitrust Act, and the NYSE is liable to petitioners under 4 and 16 of the Clayton Act.

922888Silver v. New York Stock Exchange — Syllabusthe Supreme Court of the United States
Court Documents
Dissenting Opinion
Separate Opinion

United States Supreme Court

373 U.S. 341

Harold J. SILVER, doing business as Municipal Securities Company, et al.,  v.  NEW YORK STOCK EXCHANGE.

No. 150.  Argued: February 25 and 26, 1963. --- Decided: May 20, 1963.

[Syllabus from pages 341-342 intentionally omitted]

David I. Shapiro, Washington, D.C., for petitioners.

A. Donald MacKinnon, New York City, for respondent. Archibald Cox, Sol. Gen., for the United States, as amicus curiae, by special leave of Court.

Mr. Justice GOLDBERG delivered the opinion of the Court.



This work is in the public domain in the United States because it is a work of the United States federal government (see 17 U.S.C. 105).

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