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SECURITIES AND EXCHANGE COMMISSION v. McGARRY

No. 11800.

56 F.Supp. 791 (1944)

SECURITIES AND EXCHANGE COMMISSION v. McGARRY et al.

District Court, D. Colorado.

July 27, 1944.

Attorney(s) appearing for the Case

Edward H. Cashion, of Philadelphia, Pa., John L. Geraghty and Alec J. Keller, both of Denver, Colo., and Ellwood L. Englander, of Philadelphia, Pa., for plaintiff.

Charles T. Mahoney and William H. Scofield, both of Denver, Colo., for W. E. McGarry and Industrial Loan Corporation, respondents.

John R. Wolff, of Boulder, Colo., for Commonwealth Industrial Bank.

SYMES, District Judge.

The Securities and Exchange Commission on April 27, 1944, during the progress of an investigation pursuant to its powers under § 20(a) of the Securities Act of 1933, 15 U.S.C.A. § 77t(a), and the power conferred upon it by § 19(b) of the said Act, 15 U.S.C.A. § 77s(b), entered an order which set forth (par. 2 thereof), that information received tended to show that respondents W. E. McGarry and Industrial Loan Corporation...

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