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SECURITIES & EXCH. COM'N v. ALBERT & MAGUIRE SEC. CO., INC.

Civ. A. No. 72-2044.

378 F.Supp. 906 (1974)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, Securities Investor Protection Corporation, Applicant, v. ALBERT & MAGUIRE SECURITIES CO., INC., et al., Defendants.

United States District Court, E. D. Pennsylvania.

July 17, 1974.

Attorney(s) appearing for the Case

Michael E. Don, Washington, D. C., Senior Staff Atty., for Securities Investor Protection Corp.

Donald M. Collins, Philadelphia, Pa., for respondent trustee.

R. Jere Bloche, Philadelphia, Pa. for the Chiampi's.

MEMORANDUM OF DECISION

GORBEY, District Judge.

On December 7, 1972, the Honorable Emil F. Goldhaber, Bankruptcy Judge, after due notice and hearing, entered an order authorizing and directing the sale of certain securities which had been pledged by Albert & Maguire Securities Company, Inc. (hereafter referred to as Debtor) with the Stock Clearing Corporation of PBW Stock Exchange, Inc. (hereafter referred to as SCC) as collateral for a loan to the Debtor...

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