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SECURITIES & EXCH. COM'N v. A. G. BELLIN SECURITIES CORP.

171 F.Supp. 233 (1959)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. A. G. BELLIN SECURITIES CORP., Arthur G. Bellin, Benjamin Zwang, Walter M. Holtzberg, Sidney B. Josephson, General Oil & Industries, Inc., Defendants. SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. Sidney B. JOSEPHSON, Stratford Securities Co., Inc., Samuel P. Lewis, Joseph Schwartz and Pauline Edith Lewis, Defendants.

United States District Court S. D. New York.

March 2, 1959.

Attorney(s) appearing for the Case

Paul Windels, Jr., New York City, Regional Administrator for Securities and Exchange Commission, John J. Devaney, Jr., New York City, Henry R. Bright, Fred L. D'Ambrosi, New York City, of counsel.

McNabb, Sommerfield & James, New York City, for defendants A. G. Bellin Securities Corp., Arthur B. Bellin, Benjamin Zwang and Walter M. Holtzberg.

Curran, Mahoney, Cohn & Stim, New York City, for defendants Sidney B. Josephson and General Oil & Industries, Inc. Menahem Stim, New York City, of counsel.

McGOHEY, District Judge.

Motions for preliminary injunction in each of these actions are here considered. The Commission in both actions seeks permanently to restrain alleged violations of sections 5 and 17(a) of the Securities Act of 1933 as amended,1 (hereafter referred to as the Act) in the sale of the stock of General Oil & Industries, Inc., a Nevada corporation.

The Act prohibits use of the mails or other means of transportation...

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