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BELENKE v. SECURITIES & EXCH. COM'N

No. 79-1118.

606 F.2d 193 (1979)

Larry BELENKE et al., Petitioners, v. SECURITIES AND EXCHANGE COMMISSION, Respondent. Chicago Board Options Exchange, Inc., Intervening-Respondents.

United States Court of Appeals, Seventh Circuit.

Decided September 27, 1979.

Attorney(s) appearing for the Case

David V. Kahn, Chicago, Ill., for petitioners.

Eric D. Roiter, Securities & Exchange Commission, Washington, D. C., for respondent.

Burton Rissman, Chicago, Ill., for intervening-respondents.

Before SWYGERT, and CUMMINGS, Circuit Judges, and CAMPBELL, Senior District Judge.

SWYGERT, Circuit Judge.

This is a proceeding on a petition for review of an order of the Securities and Exchange Commission ("SEC") entered January 11, 1979 approving an amendment to the rules of the Chicago Board Options Exchange, Inc. ("CBOE") pursuant to section 19(b) of the Securities Exchange Act of 1934, as amended. 15 U.S.C. § 78s(b). Petitioners are eighteen members of the CBOE appointed to serve as board brokers...

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