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LEIGHTON v. SECURITIES AND EXCHANGE COMMISSION

No. 12404.

221 F.2d 91 (1955)

William LEIGHTON, Petitioner, v. SECURITIES AND EXCHANGE COMMISSION, Respondent.

United States Court of Appeals, District of Columbia Circuit.

Decided February 10, 1955.

Attorney(s) appearing for the Case

Mr. William Leighton, petitioner pro se.

Mr. William H. Timbers, General Counsel, Securities and Exchange Commission, with whom Mr. Alexander Cohen, Special Counsel, Securities and Exchange Commission, was on the brief, for respondent.

Before EDGERTON, BAZELON and FAHY, Circuit Judges.

PER CURIAM.

William Leighton, the petitioner, sought to persuade the Securities and Exchange Commission to assume jurisdiction to investigate and regulate the issuance and sale by the American Express Company of travelers checks, contending they are securities within the meaning of the Securities Act of 1933.1 The Commission refused. Leighton then petitioned this court to review the Commission's refusal, contending jurisdiction resides...

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