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SEC. & EXCHANGE COM'N v. WORLD RADIO MISSION, INC.

No. 76-1285.

544 F.2d 535 (1976)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, Appellant, v. WORLD RADIO MISSION, INC., et al., Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided November 4, 1976.

Attorney(s) appearing for the Case

David Ferber, Sol. to the Com'n, Washington, D. C., with whom David J. Romanski, Asst. Gen. Counsel, and Vernon I. Zvoleff, Atty. S.E.C., Washington, D. C., were on brief, for appellant.

Henry Paul Monaghan, Boston, Mass., with whom Stephen J. Spidelman, John S. Holland and Devine, Millimet, Stahl & Branch, Manchester, N. H., were on brief, for appellees.

Before ALDRICH, McENTEE and CAMPBELL, Circuit Judges.

ALDRICH, Senior Circuit Judge.

Plaintiff Securities and Exchange Commission appeals from the denial of preliminary relief in an action seeking to enjoin a religious organization and its leader from violating the anti-fraud provisions of the 1933 and 1934 Securities Acts. 15 U.S.C. §§ 77q(a), 78j(b); 17 CFR § 240.10b-5.1 Although, following a three day evidentiary hearing, the court found that plaintiff had "made a prima...

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