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Yes, the railroad holding company's (Northern Securities Co) stock transactions were in restraint of interstate commerce,and came within guidelines of the Sherman Anti Trust Act. The Northern Securities Co vs The United States in which the Supreme Court found in favor of the government was a vindication of Roosevelt's actions. This case also rejuvenated the Sherman Anti Trust Act.- tuffy
Roosevelt ordered his attorney to finn a law suite against northern securities.
The Securities Exchange Commission (SEC ) was designed to protect investors. It enforces regulations on securities firms to make sure there are no regulations that are not being carried out correctly for the benefit of investors.
California is a northern state.
The northern colonies were mostly urban.