Securities and Exchange Commission v. American Trailer Rentals Company

[Syllabus from pages 594-596 intentionally omitted]

Daniel M. Friedman, Washington, D.C., for petitioner.

Arthur W. Burke, Jr., Denver, Colo., for respondent.

Mr. Marcien Jenckes, Boston, Mass., for State Mutual Life Assurance Co. of America and others.

Mr. Justice GOLDBERG delivered the opinion of the Court.