Salt Lake Telegram | 1935-06-06 | Page 5 | Securities Control Legality is Claimed

I If f Securities Control Control Legality Is Claimed WASHINGTON June 6 UP UP- UP Federal control over the nations nation's security markets is js within constitutional constitutional limits despite the supreme courts court's N R A decision the securities exchange commission reported today The S SEe SEC E C constitutionality claim was made in an opinion on the Brook Brook- Manhattan lyn-Manhattan Transit corporation case hi in which the company sought t to avoid registration of an i isue issue issue is- is sue of new year 15 bonds It contended contended con con- tended the sale of the securities to underwriters underwriters un un- was vas an intrastate tran trans action and not subject to federal con con- Irol