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WALLACE v. UNITED STATES SECURITIES & EXCH. COM'N

Civ. A. No. 75-0233.

392 F.Supp. 1058 (1975)

Milton J. WALLACE, Plaintiff, v. UNITED STATES SECURITIES AND EXCHANGE COMMISSION et al., Defendants.

United States District Court, District of Columbia.

February 27, 1975.

Attorney(s) appearing for the Case

Richard M. Millman, Peter A. Greenburg, Washington, D. C., for plaintiff.

Walter P. North, Senior Asst. Gen. Counsel, Van P. Carter, Securities & Exchange Comm., Washington, D. C., for defendants.

MEMORANDUM AND ORDER

AUBREY E. ROBINSON, Jr., District Judge.

By this action Plaintiff contests the constitutionality of 15 U.S.C. § 78o(b)(7) which authorizes the Securities and Exchange Commission (hereinafter S.E.C.) to take remedial action against persons who are found to be in violation of certain provisions of the Securities and Exchange Act of 1934, 15 U.S.C. § 78a et seq. Plaintiff seeks to enjoin immediately and permanently an administrative...

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