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WEBER v. SECURITIES AND EXCHANGE COMMISSION

No. 272, Docket 23317.

222 F.2d 822 (1955)

Charles M. WEBER, doing business as Weber-Millican & Company, Petitioner, v. SECURITIES AND EXCHANGE COMMISSION, Respondent.

United States Court of Appeals Second Circuit.

Decided May 20, 1955.

Attorney(s) appearing for the Case

Arthur J. Galligan, Forest Hills, N. Y. (Nemeroff, Jelline, Danzig & Paley and B. G. Nemeroff, New York City, on the brief), for petitioner.

William H. Timbers, Gen. Counsel, Securities and Exchange Commission, Washington, D. C. (Thomas G. Meeker, Asst. Gen. Counsel, and Arden L. Andresen, Special Counsel, Securities and Exchange Commission, Washington, D. C., on the brief), for respondent.

Before CLARK, Chief Judge, MEDINA, Circuit Judge, and DIMOCK, District Judge.

PER CURIAM.

The Securities and Exchange Commission, through its Division of Trading and Exchanges, charged petitioner with misconduct in transactions involving the Inland Oil Company and the Magma King Manganese Mining Co. The evidence amply supports the Commission's conclusions that petitioner was guilty of fraudulent misstatements and of wrongful diversions of funds in connection with his underwriting of an issue of stock for Inland. And the Commission was equally...

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