In Re Lytton

The sole question presented in this disciplinary proceeding is the sanction to be imposed upon respondent, Julius M. Lytton, who was in 1968 found guilty by a Federal district court on a plea of nolo contendere to an indictment charging a violation of section 17(a) of the Securities Act of 1933 (15 U.S.C., §77q(a)) and fined $10,000 and costs.

In January, 1969, a complaint based upon this conviction was filed before the Committee on Grievances of the Illinois State Bar Association sitting as commissioners of this court under our Rule 751. (43 Ill. 2d R. 751.) The commissioners found that…