The Business Roundtable v. Securities and Exchange Commission

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that SEC exceeded its statutory authority in promulgating Rule 19c-4 to bar national securities exchange and -30- associations from listing stocks violative of one share/one vote principle
• holding that an agency’s regulation exceeded its authority under the statutory provisions it invoked, and under Chenery “we cannot supply grounds to sustain the regulations that were not invoked by the [agency] below”
• holding that an agency’s regulation exceeded its authority under the statutory provisions it invoked, and under Chenery “we cannot supply grounds to sustain the regulations that were not invoked by the [agency] below”
• discussing the relationship between sec- tion 6(b)(5) and section 19
• Chenery principle applies to Chevron statutory analysis

Source: CourtListener parenthetical corpus (CC0).