Fed. Sec. L. Rep. P 97,118 Robert H. Wyshak v. City National Bank, Robert H. Wyshak, Plaintiff-Cross-Appellee v. City National Bank, Defendant-Cross-Appellant

607 F.2d 824 Fed. Sec. L. Rep. P 97,118 Robert H. WYSHAK, Plaintiff-Appellant, v. CITY NATIONAL BANK, Defendant-Appellee. Robert H. WYSHAK, Plaintiff-Cross-Appellee, v. CITY NATIONAL BANK, Defendant-Cross-Appellant. Nos. 76-2891, 76-3152. United States Court of Appeals, Ninth Circuit. Sept. 21, 1979. Rehearing Denied Nov. 20, 1979. Robert H. Wyshak, Los Angeles, Cal., for plaintiff-appellant. Michael Holtzman, Los Angeles, Cal., for defendant-appellee. Appeal from the United States District Court for the Central District of California. Before ELY and TRASK, Circuit Judges, and FITZGERALD, * District Judge. PER CURIAM: 1 Plaintiff-appellant Robert H. Wyshak appeals from a district court order granting summary judgment in favor of defendant-appellee City National Bank (CNB). On February 4, 1974, Wyshak brought this action in the United States District Court 1 alleging that CNB violated section 7(d) of the Securities Exchange Act of 1934 (1934 Act), 15 U.S.C. § 78g(d), and Federal Reserve Board Regulation U, 12 C.F.R. §§ 221.1 Et seq., promulgated thereunder. 2 The alleged violation by CNB was the extension to Wyshak of loans secured by margin stock in excess of the…