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DEMOE v. DEAN WITTER & CO.

Civ. No. A 76-246.

476 F.Supp. 275 (1979)

Earl T. DEMOE and Fukimo O. Demoe, Plaintiffs, v. DEAN WITTER & COMPANY, Herbert Woller and Joseph W. Bouschor, Defendants.

United States District Court, D. Alaska.

September 10, 1979.

Attorney(s) appearing for the Case

Paul R. DeStefano, of Ely, Guess & Rudd, Anchorage, Alaska, for plaintiffs.

Ann C. Liburd, of Burr, Pease & Kurtz, Inc., Anchorage, Alaska, for defendants.

MEMORANDUM OF OPINION

FITZGERALD, District Judge.

Dean Witter & Company, a brokerage firm licensed to do business in Alaska, and the personal defendants have moved to dismiss the first claim stated in the complaint the grounds that no private cause of action exists under Section 17(a) of the Securities Act of 1933.1 Since Section 17(a) provides no express civil remedy, the question...

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