Gordon v. New York Stock Exchange
United States Supreme Court
422 U.S. 659 (1975)
Relevant factsFree
Gordon (plaintiff) sued the NYSE and other exchanges (defendants), arguing their fixed-rate commissions, in place since the Securities Exchange Act of 1934, violated federal antitrust law; the district court upheld the fixed-rate commission system, and the Second Circuit affirmed.
IssueFree
Whether federal antitrust laws apply where doing so would impede the workings of the Securities Exchange Act.
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