Securities and Exchange Commission v. Drexel & Co.
348 U.S. 341 · Decided February 28, 1955 · Supreme Court of the United States
Record summary. This page is generated from the Supreme Court Database’s coded data about the case. It describes who decided what, not the Court’s reasoning. Read the opinion itself before relying on it. Not legal advice.
At a glance
Securities and Exchange Commission v. Drexel & Co. was decided on February 28, 1955 by a vote of 6–2. The Court reversed the lower court's decision. Justice William O. Douglas wrote the opinion of the Court. SCDB classifies its main issue as “Securities regulation” in the Economic Activity area.
Read the opinion
Case details
- Citations
- 348 U.S. 341 · 75 S. Ct. 386 · 99 L. Ed. 2d 376 · 1955 U.S. LEXIS 1113
- Docket number
- 153
- Decided
- February 28, 1955
- Argued
- February 9, 1955
- Court era
- Warren Court
- Decision type
- Opinion of the Court (orally argued)
- Disposition
- Reversed
- Outcome for petitioner
- The petitioning party received a favorable disposition
- Vote
- 6–2
- Majority opinion
- William O. Douglas
- Opinion assigned by
- Earl Warren
- How the case arrived
- Certiorari
- Issue (SCDB)
- Securities regulation
- Issue area
- Economic Activity
- Legal provision
- 15 U.S.C. § 79
- Type of law
- Infrequently litigated statute
- Decision direction (SCDB)
- Liberal what this means
How the Justices voted
| Justice | Vote | Separate writing |
|---|---|---|
| Justice Hugo L. Black | Majority | |
| Justice Stanley F. Reed | Majority | |
| Justice Felix Frankfurter | Dissent | Wrote an opinion |
| Justice William O. Douglas | Majority | Wrote an opinion |
| Justice Harold H. Burton | Dissent | |
| Justice Tom C. Clark | Majority | |
| Justice Sherman Minton | Majority | |
| Chief Justice Earl Warren | Majority |
Full case caption
Securities and Exchange Commission v. Drexel & Co.
SCDB identifiers: case 1954-033, docket 1954-033-01.
Related decisions
Other cases on “Securities regulation”
- General Protective Committee for the Holders of Option Warrants of the United Corporation v. Securities and Exchange Commission
- Wilko v. Swan
- Securities & Exchange Commission v. Ralston Purina Co.
- Securities and Exchange Commission v. Variable Annuity Life Insurance Co. of America
- Niagara Hudson Power Corp. v. Leventritt
- Federal Trade Commission v. Travelers Health Association
Cases on the same legal provision: 15 U.S.C. § 79
- Securities and Exchange Commission v. Louisiana Public Service Commission
- Securities and Exchange Commission v. New England Electric System
- Securities and Exchange Commission v. New England Electric System
Same Term, same area (Economic Activity)
- McAllister v. United States
- Watson et Ux. v. Employers Liability Assurance Corporation, Ltd.
- Moore v. Mead's Fine Bread Co.
- Cox v. Roth
- United States v. Shubert
- United States v. International Boxing Club of New York, Inc.
Source: Supreme Court Database, 2026 Release 01 (data file dated September 8, 2026). Imported into CaseTrail November 5, 2026. Coverage: decisions from the 1946 through 2025 Terms. Methodology · Report an error