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SECURITIES & EXCHANGE COM'N v. INVESTMENT CORP. OF AMERICA

No. 15635.

369 F.2d 383 (1966)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee, v. INVESTMENT CORPORATION OF AMERICA, Defendant-Appellant.

United States Court of Appeals Seventh Circuit.

November 16, 1966.

Attorney(s) appearing for the Case

Donald A. Schabel, David H. Kleiman, John R. Carr, Jr., Don A. Tabbert, Indianapolis, Ind., for defendant-appellant. Bagal, Talesnick & Kleiman, Buschmann, Carr, Schabel & Tabbert, Indianapolis, Ind., of counsel.

Philip A. Loomis, Jr., Ellwood L. Englander, Richard E. Nathan, Atty., Securities and Exchange Commission, Washington, D. C., for appellee.

Before HASTINGS, Chief Judge, and CASTLE and FAIRCHILD, Circuit Judges.

FAIRCHILD, Circuit Judge.

In an action brought by the Securities and Exchange Commission, the district court granted a preliminary injunction. Defendants, including Investment Corporation of America (hereinafter ICA), were enjoined from described practices in the offer or sale of securities of ICA by use of the mails or means of transportation or communication in interstate commerce. The practices enjoined were:

"Obtaining money or property by means of any...

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