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SECURITIES AND EXCHANGE COM'N v. UNIVERSAL SERV. ASS'N

No. 6741.

106 F.2d 232 (1939)

SECURITIES AND EXCHANGE COMMISSION v. UNIVERSAL SERVICE ASS'N et al.

Circuit Court of Appeals, Seventh Circuit.

Rehearing Denied August 28, 1939.

Attorney(s) appearing for the Case

Justus Chancellor and Justus Chancellor, Jr., both of Chicago, Ill., for appellants.

W. McNeil Kennedy, of Chicago, Ill., and Chester T. Lane, Gen. Counsel, Securities and Exchange Commission, and O. John Rogge, Asst. Gen. Counsel, both of Washington, D. C. (John Logan O'Donnell, of Washington, D. C., of counsel), for appellee.

Before EVANS, MAJOR, and TREANOR, Circuit Judges.

TREANOR, Circuit Judge.

This is an appeal from the decree of the District Court enjoining violations of Sections 5 and 17 of the Securities Act of 1933,1 as amended. The action below was prosecuted by the Securities and Exchange Commission pursuant to authorization of Section 20(b) of the act, 15 U.S.C.A. § 77t (b). The decree enjoined six defendants, C. Franklin Davis, Justus Chancellor, Universal Service Association, a corporation...

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