Fed. Sec. L. Rep. P 99,004 United States of America v. Paul F. Kendrick

MERRILL, Circuit Judge:

Appellant Paul F. Kendrick, a stockbroker, appeals from his conviction following jury trial of two counts of violating federal securities laws and one count of perjury. On appeal appellant makes many assignments of error. The principal issue presented is whether the actions taken by him in connection with margin accounts of two of his customers were taken “in connection with the purchase or sale” of securities in violation of § 10(b) of the Securities Exchange Act of 1934,15 U.S.C. § 78j(b) 1 and Securities and Exchange Commission (“SEC”) Rule 10b-5, 17 C.F.R. §…