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SECURITIES & EXCHG. COM'N v. FIRST FIN. GROUP OF TEX.

No. 79-3420.

645 F.2d 429 (1981)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee, v. FIRST FINANCIAL GROUP OF TEXAS et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit. Unit A.

May 20, 1981.

Attorney(s) appearing for the Case

Van E. McFarland, Houston, Tex., for defendants-appellants.

Michael K. Wolensky, Paul Gonson, Linda D. Fienberg, Bruce F. Rinaldi, Douglas J. Scheidt, Washington, D.C., for plaintiff-appellee.

Before GEE, TATE, and WILLIAMS, Circuit Judges.

TATE, Circuit Judge:

This interlocutory appeal1 from district court orders granting a preliminary injunction and appointing a receiver arises from a civil enforcement action brought by the Securities and Exchange Commission (SEC) to enjoin the purchase and sale of securities by the defendants because of certain alleged securities-law violations. On their appeal, the defendants, First Financial Group of Texas, Inc. (First Financial), and...

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