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Legal Opinion

American Bankers Association v. Securities and Exchange Commission

Court of Appeals for the D.C. Circuit

Decided November 17, 1986No. 85-6055PublishedCited by 22 opinions

1Opinion of the Court

WALD, Chief Judge:

This appeal involves the single critical question of whether the Securities and Exchange Commission (SEC) has authority under the Securities Exchange Act of 1934 (1934 Act) to regulate banks as “broker-dealers.” After instituting notice and corn ment rulemaking procedures, the SEC adopted Rule 3b-9 which requires banks engaging in the securities brokerage business for profit to register as broker-dealers under the 1934 Act. See Securities Exchange Act Release No. 34-22205, 50 Fed. Reg. 28,385 (July 12, 1985).

In this action, the American Bankers Association (ABA) seeks a…

2Cases cited12 opinions

  1. Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
  2. Securities & Exchange Commission v. National Securities, Inc.Supreme Court of the United States · 1969
  3. Landreth Timber Co. v. LandrethSupreme Court of the United States · 1985
  4. Board of Governors of the Federal Reserve System v. Dimension Financial Corp.Supreme Court of the United States · 1986
  5. Marine Bank v. WeaverSupreme Court of the United States · 1982

7 more not listed; retrieve them via the Exa API.

3Cited by22 opinions

  1. Financial Planning Ass'n v. Securities & Exchange CommissionCourt of Appeals for the D.C. Circuit · 2007
  2. Investment Company Institute and Securities Industry Association v. Federal Deposit Insurance Corporation, Investment Company Institute v. Federal Deposit Insurance CorporationCourt of Appeals for the D.C. Circuit · 1987
  3. United States v. Thomas StaniforthCourt of Appeals for the Seventh Circuit · 1992
  4. In Re BarnesUnited States Bankruptcy Court, E.D. Michigan · 2001
  5. Pacific Dunlop Holdings Incorporated, a Delaware Corporation v. Allen & Company Incorporated, a New York CorporationCourt of Appeals for the Seventh Circuit · 1993

17 more not listed; retrieve them via the Exa API.

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