Legal Opinion
TODD AND COMPANY, INC. and Thomas K. Langbein, Petitioners, v. SECURITIES AND EXCHANGE COMMISSION, Respondent
Court of Appeals for the Third Circuit
Decided June 27, 1977No. 76-1690PublishedCited by 35 opinions
1Opinion of the Court
OPINION OF THE COURT
WEIS, Circuit Judge.
A statutory plan for self-regulation by a securities dealers association provides for sanctions and procedural safeguards, including an appeal to the Securities and Exchange Commission. We find no constitutional obstacles to this largely non-judicial plan for settlement of disputes. However, we must vacate an order of the S.E.C. that failed to insist upon strict compliance by the association with its own procedural precepts.
In January, 1973, the District Business Conduct Committee for District No. 12 of the National Association of Securities Dealers,…
2Cases cited8 opinions
- Parker v. LevySupreme Court of the United States · 1974
- United States v. MazurieSupreme Court of the United States · 1975
- United States v. PowellSupreme Court of the United States · 1975
- Rose v. LockeSupreme Court of the United States · 1975
- Fed. Sec. L. Rep. P 95,209 United States of America v. Robert S. PerskyCourt of Appeals for the Second Circuit · 1975
3 more not listed; retrieve them via the Exa API.
3Cited by35 opinions
- First Jersey Securities, Inc. v. BergenCourt of Appeals for the Third Circuit · 1979
- Association of American Railroads v. United States Department of TransportationCourt of Appeals for the D.C. Circuit · 2013
- Cospito v. HecklerCourt of Appeals for the Third Circuit · 1984
- TODD AND COMPANY, INC. and Thomas K. Langbein, Petitioners, v. SECURITIES AND EXCHANGE COMMISSION, RespondentCourt of Appeals for the Third Circuit · 1980
- People v. RileySupreme Court of Colorado · 1985
30 more not listed; retrieve them via the Exa API.