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COLUMBIA GENERAL INV. CORP. v. SECURITIES & EXCH. COM'N

No. 17218.

265 F.2d 559 (1959)

COLUMBIA GENERAL INVESTMENT CORPORATION, Petitioner, v. SECURITIES AND EXCHANGE COMMISSION, Respondent.

United States Court of Appeals Fifth Circuit.

April 6, 1959.

Attorney(s) appearing for the Case

Jack Binion, Houston, Tex., Smith W. Brookhart, Washington, D. C. (Percy D. Williams, Butler, Binion, Rice & Cook, Houston, Tex., Brookhart, Becker & Dorsey, Washington, D. C., of counsel), for petitioner.

Joseph B. Levin, Atty., S. E. C., Thomas G. Meeker, Gen. Counsel, S. E. C., George P. Michaely, Jr., Attorney, S. E. C., Washington, D. C., for respondent.

Before HUTCHESON, Chief Judge, and CAMERON and BROWN, Circuit Judges.

JOHN R. BROWN, Circuit Judge.

This is a Petition for Review of a stop order issued by the Securities and Exchange Commission suspending a registration by Columbia General Investment Corporation (Columbia) for the sale of 100,000 shares of stock at a specified price. Columbia's principal contention is that SEC lacked jurisdiction to issue the stop order because, prior to the effective date of the registration, Columbia voluntarily requested its withdrawal. This was...

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