Securities and Exchange Commission v. Rana Research, Inc. (D/b/a Vista Group, Ltd.), Securities and Exchange Commission v. Rana Research, Inc. (D/b/a Vista Group, Ltd.), Vipin Sahgal, Robert H. Bretz

8 F.3d 29 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee, v. RANA RESEARCH, INC. (d/b/a Vista Group, Ltd.), Defendant-Appellant. SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee, v. RANA RESEARCH, INC. (d/b/a Vista Group, Ltd.), Defendant; Vipin Sahgal, Defendant-Appellant; Robert H. Bretz, Appellant. Nos. 91-56230, 91-55044. United States Court of Appeals, Ninth Circuit. Argued and Submitted Nov. 5, 1993. Decided Nov. 3, 1993. Before: D.W. NELSON, HALL and RYMER, Circuit Judges. 1 MEMORANDUM * 2 Rana Research, Inc., doing business as The Vista Group, Ltd. (Rana/Vista), and its president and sole shareholder, Vipin Sahgal, (Defendants) appeal judgments permanently enjoining them from violating section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and Securities and Exchange Commission (SEC) Rule 10b-5, 17 C.F.R. § 240 .10b-5. Defendants are joined by their counsel, Robert H. Bretz,…