Commonwealth v. Pastor

Opinion by

Mr. Justice Schaffer,

Appellants, officers of a Delaware corporation, were indicted under the Act of June 14, 1923, P. L. 779 (the Securities Act) for an assumed violation of its provisions made a misdemeanor punishable by fine or imprisonment by the terms of the statute. The indictment charged them as officers of a corporation known as the American College of Chiropractic, Incorporated, with having unlawfully solicited subscriptions to and orders for and offered for sale and sold to a person named certain shares of the capital stock of the corporation without being registered with…