Opinion of the Court by Mr. Justice Powell, announced by Mr. Justice Blackmun. This appeal requires the Court to determine the extent to which the regulatory authority conferred upon the Securities and Exchange Commission by the Maloney Act, 52 Stat. 1070 , as amended, 15 U. S. C. § 78o-3, and the Investment Company Act of 1940, <span class="citation no-link"…
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