STERN v. MERRILL LYNCH, PIERCE, FENNER & SMITH

Attorney(s) appearing for the Case

Donovan M. Hamm, Jr., Baltimore, Md. (Peter H. Gunst, Frank, Bernstein, Conaway & Goldman, Baltimore, Md., on brief), for appellant.

David F. Albright, Baltimore, Md. (Richard M. Kremen, Christopher R. West, Semmes, Bowen & Semmes, Baltimore, Md., on brief), for appellee.

James H. Schropp, Asst. Gen. Counsel, Washington, D. C. (Harvey L. Pitt, Gen. Counsel, Paul Gonson, Associate Gen. Counsel, Theodore S. Bloch, Atty., Washington, D. C., on brief), for amicus curiae Securities and Exchange Commission.

Neal L. Petersen, Gen. Counsel, Laura M. Homer, Chief Atty., John J. Sullivan, Atty., Securities Regulation, Div. of Banking Supervision and Regulation, Washington, D. C., on brief, for amicus curiae The Bd. of Governors of the Federal Reserve System.

Before BUTZNER, RUSSELL and WIDENER, Circuit Judges.