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R. H. JOHNSON & CO. v. SECURITIES & EXCHANGE COM'N

No. 267, Docket 22353.

198 F.2d 690 (1952)

R. H. JOHNSON & CO. et al. v. SECURITIES & EXCHANGE COMMISSION et al.

United States Court of Appeals Second Circuit.

Writ of Certiorari Denied October 20, 1952.

Attorney(s) appearing for the Case

Judd & Gurfein, New York City (Orrin G. Judd, New York City, Ganson Purcell, Washington, D. C., Ernest Angell, New York City, and Charles E. McGuinness, Brooklyn, N. Y., of counsel), for petitioners.

Roger Foster, Sol., Washington, D. C., S. E. C., Louis Loss, Washington, D. C. (Ellwood L. Englander, Philadelphia, Pa., and Henry L. Stern, Chicago, Ill., of counsel), for Securities and Exchange Commission.

Howard C. Westwood and Donald Hiss, Washington, D. C. (John W. Lindsey, Roanoke, Va., Covington & Burling, Washington, D. C., of counsel), for NASD.

Before SWAN, Chief Judge, and CLARK and FRANK, Circuit Judges.

Writ of Certiorari Denied October 20, 1952. See 73 S.Ct. 94.

FRANK, Circuit Judge.

1. The petitioners argue that, in addition to reviewing the Commission's order, we must review the conduct and opinion of the NASD. We think not. For Section 25(a) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78y, which affords the sole basis of any judicial review, refers to a Commission order only. Moreover, Section...

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