WebSecurities and Exchange Commission v. Chenery Corporation, 332 U.S. 194 (1947), is a United States Supreme Court case.It is often referred to as Chenery II. Background. A federal water company was accused of illegal stock manipulation.. The SEC was charged with deciding whether re-organization of companies that were in violation of the Public Utilities … WebBy an order of the Securities and Exchange Commission under the Public Utility Holding Company Act of 1935, approval was given, over objections by the respondents, to a plan …
SEC v. Chenery Corp. Case Brief for Law School LexisNexis
WebIn S.E.C. v. Chenery Corporation, 318 U.S. 80 , we held that an order of the Scurities a nd Exchange Commission could not be sustained on the grounds upon which that agency acted. We therefore directed that the case be remanded to the Commission for such further proceedings as might be appropriate. WebThe first time this was heard before the Supreme Court in SEC v. Chenery Corporation, 318 U.S. 80 (1943), the Court held that the acts committed by the company did not amount to common law fraud and therefore the Securities and Exchange Commission's stated rationale for the charges could not be sustained. unc e is for epi
SEC v. Chenery Corp. (1947) explained
WebUpon remand to the Securities and Exchange Commission of the case decided by this Court in SEC v. Chenery Corp., 318 U. S. 80, the Commission denied an application for approval of an amendment of the plan of reorganization. Holding Company Act Release No. 5584. The court below reversed. 154 F.2d 6. This Court granted certiorari. 328 U.S. 829. WebI. Administrative Agencies and Supplement on Agencies A The Regulatory State 1 Regulatory state - a collection of fed govt institutions and laws that determine many aspects of social and economic policy 2 Agency- small unit of govt created by Congress through an organic statute Owes existence to form and power to legislation Broad delegation of authority … WebBy an order of the Securities and Exchange Commission under the Public Utility Holding Company Act of 1935, approval was given, over objections, to a plan for the reorganization of a registered holding company, whereby preferred stock which had been acquired by officers and directors of the company while plans for its reorganization were before the … thorogood uk