SECURITIES & EXCH. COM'N v. FIRST SECURITY BANK OF UTAH

No. 71-1135.

447 F.2d 166 (1971)

SECURITIES AND EXCHANGE COMMISSION, Applicant-Appellee, v. FIRST SECURITY BANK OF UTAH, N.A. and Murray State Bank, Respondents, Carl J. Nemelka et al., Intervenors-Appellants.

United States Court of Appeals, Tenth Circuit.

August 30, 1971.


Attorney(s) appearing for the Case

Jacob H. Stillman, Asst. Gen. Counsel (Philip A. Loomis, Jr., Gen. Counsel, Walter P. North, Associate Gen. Counsel, and Frederick L. White, Atty., Securities and Exchange Commission, with him on the brief), for applicant-appellee.

Glenn C. Hanni, Salt Lake City, Utah (David K. Winder, Strong & Hanni, Shirley P. Jones, Jr., and Nick J. Colessides, Salt Lake City, Utah, with him on the brief), for intervenors-appellants.

Before BREITENSTEIN and McWILLIAMS, Circuit Judges, and KERR, District Judge.


BREITENSTEIN, Circuit Judge.

On the application of the Securities and Exchange Commission the district court directed enforcement of four subpoenas duces tecum issued in a Commission investigation of possible violations of the federal securities laws. The subpoenas seek production of certain records of the First Security Bank of Utah, N.A., and of the Murray State Bank. The banks do not oppose the Commission's application...

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