GUARDIAN INVESTMENT CORPORATION v. Rubinstein

I am unable to agree with the majority opinion -in its reasoning and conclusion that the District of Columbia Court of General Sessions had jurisdiction to consider and determine actions brought under the Securities Act of 19331 to recover damages from appellants for their failure to deliver certain securities purchased by appellees.

By applying only Section 771 of the Act, the majority holds that the District of Columbia Court of General Sessions is a “court of competent jurisdiction” as set forth in that section. But I submit that Section 771 cannot be read alone but must be read as further…