Securities & Exchange Commission v. Chenery Corporation

332 U.S. 194 · Decided June 23, 1947 · Supreme Court of the United States

At a glance

Securities & Exchange Commission v. Chenery Corporation was decided on June 23, 1947 by a vote of 5–2. The Court reversed the lower court's decision. Justice Frank Murphy wrote the opinion of the Court. SCDB classifies its main issue as “Securities regulation” in the Economic Activity area.

Read the opinion

• CourtListener (Free Law Project) — opinion text
• Library of Congress — official U.S. Reports scan

Case details

How the Justices voted

Did not participate: William O. Douglas, Fred M. Vinson.

Full case caption

Securities & Exchange Commission v. Chenery Corporation et al.

SCDB identifiers: case 1946-133, docket 1946-133-01.

Related decisions

Other cases on “Securities regulation”

• Board of Governors of the Federal Reserve System v. Agnew
  329 U.S. 441Decided January 6, 19479–0William O. Douglas
• American Power & Light Co. v. Securities & Exchange Commission
  329 U.S. 90Decided November 25, 19466–0Frank Murphy
• Securities and Exchange Commission v. Central-Illinois Securities Corp.
  338 U.S. 96Decided June 27, 19497–0Wiley B. Rutledge
• Niagara Hudson Power Corp. v. Leventritt
  340 U.S. 336Decided January 15, 19516–2Harold H. Burton
• Securities & Exchange Commission v. Ralston Purina Co.
  346 U.S. 119Decided June 8, 19536–2Tom C. Clark
• Wilko v. Swan
  346 U.S. 427Decided December 7, 19537–2Stanley F. Reed

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Cases on the same legal provision: 15 U.S.C. § 79

• Securities and Exchange Commission v. Louisiana Public Service Commission
  353 U.S. 368Decided May 13, 19578–0Per curiam
• Securities and Exchange Commission v. New England Electric System
  384 U.S. 176Decided May 16, 19667–2William O. Douglas
• Securities and Exchange Commission v. New England Electric System
  390 U.S. 207Decided March 5, 19687–0William J. Brennan Jr.

Same Term, same area (Economic Activity)

• Halliburton Oil Well Cementing Co. v. WalkerAltered precedent
  329 U.S. 1Decided November 18, 19468–1Hugo L. Black
• Champlin Refining Co. v. United States
  329 U.S. 29Decided November 18, 19465–4Robert H. Jackson
• United States v. Howard P. Foley Co., Inc.
  329 U.S. 64Decided November 25, 19466–3Hugo L. Black
• Richfield Oil Corp. v. State Board of EqualizationLaw held unconstitutional
  329 U.S. 69Decided November 25, 19467–1William O. Douglas
• American Power & Light Co. v. Securities & Exchange Commission
  329 U.S. 90Decided November 25, 19466–0Frank Murphy
• Vanston Bondholders Protective Committee v. Green
  329 U.S. 156Decided December 9, 19468–0Hugo L. Black

See all

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