Fed. Sec. L. Rep. P 92,049 Securities and Exchange Commission v. Universal Financial, Wayne Burton, Western Sierra Financial Corporation, California Equities Home Loan, Dr. MacY L. Abrams, Specially Appearing Investors-Appellants v. Robert A. Baker, Court-Appointed Receiver for Universal Financial, Wayne Burton, Western Sierra Financial Corporation and California Equities Home Loan

760 F.2d 1034 Fed. Sec. L. Rep. P 92,049 SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. UNIVERSAL FINANCIAL, Wayne Burton, Western Sierra Financial Corporation, California Equities Home Loan, Defendants. Dr. Macy L. ABRAMS, et al., Specially Appearing Investors-Appellants, v. Robert A. BAKER, Court-Appointed Receiver for Defendants Universal Financial, Wayne Burton, Western Sierra Financial Corporation and California Equities Home Loan, Respondents-Appellees. No. 84-6050. United States Court of Appeals, Ninth Circuit. Argued and Submitted April 3, 1985. Decided May 17, 1985. Alan Jay Weil, Bushkin, Gaims, Gaines & Jonas, Los Angeles, Cal., for specially appearing investors-appellants. John C. Koutsos, Wyman, Bautzer, Rothman, Kuchel & Silvert, Los Angeles, Cal., Eric Summergrad, Rosalind C. Cohen, Washington, D.C., for respondents-appellees. Appeal from the United States District Court for the Central District of California. Before GOODWIN and NORRIS, Circuit Judges, and SOLOMON, * District Judge. PER CURIAM: 1 Specially Appearing Investors ("Investors") appeal the district court's denial of their motion for an order relieving them from a receivership stay or, in the…