Insuranshares Corp. v. Pennsylvania Securities Commission

Opinion by

Mr. Justice Schaffer,

The Commonwealth appeals from the order of the Court of Common Pleas of Dauphin County, reversing the action of the securities commission in refusing to register Insuranshares Corporation as a dealer in securities and directing that it be registered.

In Bagley v. Cameron, 282 Pa. 84, we passed upon the powers of the securities commission and in that opinion are to be found the guiding principles to determine the case in hand. While that proceeding involved the construction of the Act of June 14, 1923, P. L. 779, the statutes with which we are dealing (Act of…