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SECURITIES AND EXCHANGE COMMISSION v. MIDLAND BASIC, INC.

Civ. No. 64-27S.

283 F.Supp. 609 (1968)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. MIDLAND BASIC, INC., Midland Security, Inc., Donald P. Sandidge, a/k/a Don P. Sandidge, Phyllis J. Sandidge and Robert Moffet Walz, Defendants.

United States District Court D. South Dakota, S. D.

April 9, 1968.

Attorney(s) appearing for the Case

John J. Kelly and Donald Malawsky, Denver, Colo., for plaintiff.

Richard Hopewell and Robert L. Jones, Sioux Falls, S. D., for defendants except Walz.

Robert J. Patterson, Jr., Sioux Falls, S. D., for defendant Walz.

MEMORANDUM DECISION

NICHOL, Chief Judge.

This is an action commenced by the Securities and Exchange Commission (hereinafter SEC) against the above named defendants for injunctive relief and the appointment of a receiver for the defendant Midland Basic, Inc. (hereinafter Midland Basic) due to alleged violations of the Investment Company Act of 1940, the Securities Act of 1933, and the Securities Exchange Act of 1934 (and rules and regulations promulgated...

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