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  5. 645 F.Supp. 1047 (1986)
 

S.E.C. v. AMERICAN BD. OF TRADE, INC.

No. 83 Civ. 6213 (SWK).

645 F.Supp. 1047 (1986)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. The AMERICAN BOARD OF TRADE, INC., Arthur R. Economou, Phyllis H. Economou, and the American Board of Trade Service Corp., Defendants.

United States District Court, S.D. New York.

On Motion for Appointment of Receiver September 2, 1986.

Attorney(s) appearing for the Case

Securities and Exchange Commission by Ira Lee Sorkin, Charles A. Padgett, Caryn A. Miller, Nanette A. King, New York City, for plaintiff.

Comer & Meyerson by Neal S. Comer, New York City, for corporate defendants and Phyllis H. Economou.

Arthur Economou, pro se.

MEMORANDUM OPINION AND ORDER

KRAM, District Judge.

By order to show cause dated August 7, 1986, the Securities and Exchange Commission ("SEC") sought an order to freeze the funds and other assets of the defendants' unregistered commercial paper program. The order to show cause was returnable on August 8, and the Court heard oral argument on that date. At the conclusion of the argument, the Court issued a temporary restraining order ("TRO") barring the defendants...

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