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SECURITIES & EXCH. COM'N v. BRIGADOON SCOTCH DIST., LTD.

No. 74 Civ. 5422.

388 F.Supp. 1288 (1975)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. BRIGADOON SCOTCH DISTRIBUTORS, LTD., also d/b/a Highland-Dunes Scotch Investors, Ltd., et al., Defendants.

United States District Court, S. D. New York.

January 11, 1975.

Attorney(s) appearing for the Case

William D. Moran, Regional Administrator, S.E.C., New York City, for plaintiff; William Nortman, Jeffrey Tucker, Steven J. Shore, Barry J. Mandel, New York City, of counsel.

Katz & Lipton, Great Neck, N. Y., for defendants FCR, Mark Rauch and Lawrence Corsa; Harry Katz, Great Neck, N.Y., of counsel.

LASKER, District Judge.

The present motion for a preliminary injunction raises the issue of whether the selling of rare coin portfolios by Federal Coin Reserve, Inc. falls within the terms of Section 2(1) of the Securities Act, 15 U.S.C. § 77b(1).

The Securities and Exchange Commission (SEC) filed a complaint against the Federal Coin Reserve, Inc. (FCR), its principals, Mark Rauch and Larry Corsa, and other defendants, seeking temporary and permanent...

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