Jones v. Securities and Exchange Commission

[Syllabus from pages 1-3 intentionally omitted]

Messrs. Harry O. Glasser, of Enid, Okl., and James M. Beck and H. I. Fischbach, both of New York City (Mr. J. N. Saye, of Longview, Tex., on the brief), for petitioner.

Messrs. Stanley F. Reed, Sol. Gen., and John J. Burns, both of Washington, D.C., for respondent.

[Argument of Counsel from pages 4-8 intentionally omitted]

Mr. Justice SUTHERLAND delivered the opinion of the Court.