Dyer v. Securities & Exchange Commission

JOHNSEN, Chief Judge.

Since 1956, petitioners, as owners of 250 out of 1114 million shares of issued stock in Union Electric Company, have been challenging, by petitions for review under 15 U.S.C.A. § 79x(a), the orders which the Securities and Exchange Commission has made on the declarations filed by management for purposes of the Public Utility Holding Company Act of 1935, 15 U.S.C.A. § 79a et seq.

The proceedings which have been before us up to this point have all involved management’s declarations of proxy material for the annual stockholders’ meetings which have been held. See Dyer v. *536Secur…