Legal Opinion
Thill Securities Corporation, Etc. v. The New York Stock Exchange
Court of Appeals for the Seventh Circuit
Decided November 18, 1970No. 18036PublishedCited by 36 opinions
1Opinion of the Court
CAMPBELL, District Judge.
The basic question presented here is whether stock-brokers who are members of the New York Stock Exchange should continue to enjoy their self-acquired freedom from competition by stockbrokers who are not members. Using the vehicle of Stock Exchange rules, members seem effectively to have negated the congressionally mandated principle of competition as it would otherwise apply to them.
The New York Stock Exchange (“Exchange”) is the largest organized securities market in the United States. Its dominance of the securities industry is a well known and commonly accepted…
2Cases cited17 opinions
- Standard Oil Company of New Jersey, Appts. v. United StatesSupreme Court of the United States · 1910
- United States v. Philadelphia National BankSupreme Court of the United States · 1963
- United States v. Borden Co.Supreme Court of the United States · 1939
- Silver v. New York Stock ExchangeSupreme Court of the United States · 1963
- Georgia v. Pennsylvania RailroadSupreme Court of the United States · 1945
12 more not listed; retrieve them via the Exa API.
3Cited by36 opinions
- Gordon v. New York Stock Exchange, Inc.Supreme Court of the United States · 1975
- Shumate & Company, Inc. v. National Association of Securities Dealers, Inc., Shumate & Company, Inc. v. American Stock ExchangeCourt of Appeals for the Fifth Circuit · 1975
- E. A. McQuade Tours, Inc., Plaintiff-Appellee-Cross v. Consolidated Air Tour Manual Committee, Defendants-Appellants-CrossCourt of Appeals for the Fifth Circuit · 1973
- Eisen v. Carlisle & JacquelinDistrict Court, S.D. New York · 1971
- Vandervelde v. Put and Call Brokers and Dealers Ass'nDistrict Court, S.D. New York · 1972
31 more not listed; retrieve them via the Exa API.