Securities and Exchange Commission v. National Securities, Inc.
393 U.S. 453 · Decided January 27, 1969 · 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. National Securities, Inc. was decided on January 27, 1969 by a vote of 8–1. The Court reversed the lower court's decision and remanded the case. Justice Thurgood Marshall 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
- 393 U.S. 453 · 89 S. Ct. 564 · 21 L. Ed. 2d 668 · 1969 U.S. LEXIS 3294
- Docket number
- 41
- Decided
- January 27, 1969
- Argued
- November 18, 1968
- Court era
- Warren Court
- Decision type
- Opinion of the Court (orally argued)
- Disposition
- Reversed and remanded
- Outcome for petitioner
- The petitioning party received a favorable disposition
- Vote
- 8–1
- Majority opinion
- Thurgood Marshall
- Opinion assigned by
- Earl Warren
- How the case arrived
- Certiorari
- Issue (SCDB)
- Securities regulation
- Issue area
- Economic Activity
- Legal provision
- Securities Act of 1933, Securities Exchange Act of 1934, or Williams Act
- Type of law
- Federal statute
- Decision direction (SCDB)
- Liberal what this means
How the Justices voted
| Justice | Vote | Separate writing |
|---|---|---|
| Justice Hugo L. Black | Dissent | Wrote an opinion |
| Justice William O. Douglas | Majority | |
| Chief Justice Earl Warren | Majority | |
| Justice John M. Harlan II | Special concurrence | Wrote an opinion |
| Justice William J. Brennan Jr. | Majority | |
| Justice Potter Stewart | Special concurrence | |
| Justice Byron R. White | Majority | |
| Justice Abe Fortas | Majority | |
| Justice Thurgood Marshall | Majority | Wrote an opinion |
Full case caption
Securities and Exchange Commission v. National Securities, Inc., et al.
SCDB identifiers: case 1968-040, docket 1968-040-01.
Related decisions
Other cases on “Securities regulation”
- Tcherepnin v. Knight
- Securities and Exchange Commission v. United Benefit Life Insurance Co.
- Superintendent of Insurance of New York v. Bankers Life & Casualty Co.
- Reliance Electric Co. v. Emerson Electric Co.
- Kern County Land Co. v. Occidental Petroleum Corp.
- J. I. Case Co. v. Borak
Cases on the same legal provision: Securities Act of 1933, Securities Exchange Act of 1934, or Williams Act
- Mills v. Electric Auto-Lite Co.
- Silver v. New York Stock Exchange
- Gordon v. New York Stock Exchange, Inc.
- Radzanower v. Touche Ross & Co.
- Leroy v. Great Western United Corp.
- Chiarella v. United States
Same Term, same area (Economic Activity)
- Continental Oil Co. v. United States
- Baltimore & Ohio Railroad Co. v. Aberdeen & Rockfish Railroad Co.
- Whyy, Inc. v. Borough of GlassboroLaw held unconstitutional
- Commonwealth Coatings Corp. v. Continental Casualty Co.
- Grunenthal v. Long Island Rail Road Co.
- United States v. Concentrated Phosphate Export Assn., 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