In re Arrow

In December, 1933, the grand jury for the United States of America in the District Court of the United States for the Southern District of New York filed an indictment against the respondent setting forth nine counts. He entered a plea of guilty to seven and thereafter was. sentenced to serve a term of one year and one day’s imprisonment in the United States penitentiary.

For some time prior to August 31, 1931, respondent was second vice-president and branch manager of the Canal Street office of the Manufacturers Trust Company. By virtue of such position he was enabled to convert and apply to…