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SECURITIES & E. COM'N v. FIRST NAT. FINANCE CORP.

No. 74 C 3330.

392 F.Supp. 239 (1975)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. FIRST NATIONAL FINANCE CORPORATION et al., Defendants.

United States District Court, N. D. Illinois, E. D.

March 28, 1975.

Attorney(s) appearing for the Case

William D. Goldsberry, Dennis J. Waldeck and Ronald P. Kane, Securities & Exchange Commission, Chicago, Ill., for plaintiff.

Lawrence Coles, Jr., Chicago, Ill., for defendants.

MEMORANDUM OF DECISION AND ORDER

JULIUS J. HOFFMAN, Senior District Judge.

This is an action by the Securities Exchange Commission to enjoin alleged fraudulent offers and sales of securities. It is brought under Section 17 of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. There are six defendants: three corporations and three individuals. The corporate defendants are the First National Finance...

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