WEINFELD, District Judge.
It is uncontroverted that such basic books and records of the corporate defendant as were produced on January 25, 1961, were not current and therefore were in violation of S.E.C. rules. More important than the violation itself is that it prevented a determination of whether there was compliance with the Net Capital Rule.
The Court, on this application, has disregarded the conflicting contentions as to whether the Net Capital Rule...
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