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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jan 28, 1969
Page
5
The Supreme Court ruled 6 to 3 that federal regulators can attack any interstate securities transaction involving deception under the Securities Act of 1934. The decision broadens the federal reach to shield investors and limits police reliance on tips or rumors for home searches.
The Supreme Court refused to dismiss the Powell appeal and will hear Powell's challenge to the House's 1967 exclusion from the 90th Congress. The justices postponed mootness ruling, addressing authorization for SEC actions and securities fraud enforcement in broader terms. The decision touches on insurance mergers and federal oversight of market manipulation under 1934 law. Justice Marshall led the majority, rejecting the McCarran Ferguson limitation as bar to federal review. Spinelli gambled on an FBI tip case. the court overturned his conviction, ruling the warrant invalid for insufficient cause to suspect bookmaking.
Rep Wilbur Mills predicts Congress will enact import controls if the Nixon administration cannot secure new voluntary settlements with other nations. The House Ways and Means chairman says statutory quotas are not proper, but Congress may act if voluntary agreements fall through.
An unnamed class champion is declared based on the highest average performance across events. The determination relies on composite scores from multiple trials, reflecting consistent results rather than a single standout effort.
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