Securities and Exchange Commission v. Okin

L. HAND, Circuit Judge.

The Securities and Exchange Commission appeals from a judgment dismissing its complaint for insufficiency in law upon *786its face. The substance of the allegations was as follows. On September 16, 1942, the Electric Bond and Share Company, a corporation subject to the Commission’s jurisdiction, filed with it “a notice, proxy statement and form of proxy in connection with an annual meeting of stockholders scheduled to be held on October 14, 1942”; and, on September 24, 1942, Okin, the defendant, filed copies of a letter to shareholders asking them not to sign any proxies…