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The district court granted summary judgment to the New York Stock Exchange, holding that the authority of the SEC provided immunity from antitrust claims. The United States Court of Appeals for the Second Circuit Affirmed.\u003C\/p\u003E\n","question":"\u003Cp\u003EDoes the use of fixed commission rates violate the Sherman Antitrust Act?\u003C\/p\u003E\n","conclusion":"\u003Cp\u003ENo.  Justice Harry A. Blackmun wrote the unanimous opinion.  The Supreme Court held that the Securities and Exchange Act of 1934 impliedly repealed any applicable antitrust laws.  The Act authorized the Securities and Exchange Commission as the sole regulator for the New York Stock Exchange.  Justice William O. Douglas wrote a concurrence, stating that the SEC has actively exercised its authority so commission rates are monitored in the way Congress intended.  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