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ALTMAN v. AMERICAN FOODS, INC.

No. 18.

138 S.E.2d 526 (1964)

262 N.C. 671

J. W. ALTMAN v. AMERICAN FOODS, INC.

Supreme Court of North Carolina.

November 4, 1964.

Attorney(s) appearing for the Case

Whitmire & Whitmire, Hendersonville, for plaintiff.

Redden, Redden & Redden, Hendersonville, for defendant.

SHARP, Justice.

The record does not disclose whether the stock issue involved in this case has been registered under Florida's uniform sale of securities law, Fla.Stat., ch. 517, F.S.A. It is quite clear, however, that it has not been registered under the Securities Act of 1933, 15 U.S.C.A. §§ 77a-77b. With this Act, Congress broadly prohibited the use of the mails and facilities of interstate commerce to sell a security not registered thereunder, unless...

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