Los Angeles Trust Deed & Mortgage Exchange, Trust Deed & Mortgage Exchange, Trust Deed & Mortgage Markets, David Farrell, Oliver, J. Farrell, Roy A. Bonner, Thomas Wolfe, Jr. And Stanley C. Marks, v Securities and Exchange Commission

264 F.2d 199 LOS ANGELES TRUST DEED & MORTGAGE EXCHANGE, Trust Deed & Mortgage Exchange, Trust Deed & Mortgage Markets, David Farrell, Oliver, J. Farrell, roy A. Bonner, Thomas Wolfe, Jr. and Stanley C. Marks, Appellants, v SECURITIES AND EXCHANGE COMMISSION, Appellee. No. 16245. United States Court of Appeals Ninth Circuit. Feb. 17, 1959, Rehearing Denied March 30, 1959. Paul J. Foley, Los Angeles, Cal., for appellants Trust Deed & Mortgage Exchange and David Farrell. Morgan Cuthbertson, Laguna Beach, Cal., for appellants, Los Angeles Trust Deed & Mortgage Exchange, Trust Deed & Mortgage Markets, Oliver J. Farrell, Roy A. Bonner, Thomas Wolfe, Jr., and Stanley C. Marks. Thomas G. Meeker, Gen. Counsel, David Ferber, Asst. Gen. Counsel, Pace Reich, Atty., Securities & Exchange Commission, Washington, D.C., F. E. Kennamer, Jr., Chief Enforcement Atty., S. F. Regional Office, Securities & Exchange Commission, San Francisco, Cal., for appellee. Before STEPHENS, Chief Judge, and HEALY and BARNES, Circuit Judges. BARNES, Circuit Judge. 1 The Securities and Exchange Commission (sometimes hereinafter referred to as the SEC) filed a complaint for an…