Legal Opinion
Securities & Exchange Commission v. Los Angeles Trust Deed & Mortgage Exchange
District Court, S.D. California
Decided May 20, 1960No. Civ. 261-58-TCPublishedCited by 18 opinions
1Opinion of the Court
THURMOND CLARKE, District Judge.
In ruling in this matter, the Court wishes to alert the public to a problem of grave concern to many citizens. This trial has caused many of us to become aware of a serious situation in a very vital part of our economy — the home building industry. We have seen in great detail here the unscrupulous and entirely high-handed manner in which certain speculators mislead countless small investors, and countless other small home buyers, to the mutual detriment of both.
These “10%ers” have developed an ingenious and a thoroughly devious scheme, relying upon what they…
2Cases cited20 opinions
- United States v. W. T. Grant Co.Supreme Court of the United States · 1953
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- United States v. Aluminum Co. of AmericaCourt of Appeals for the Second Circuit · 1945
- Securities & Exchange Commission v. C. M. Joiner Leasing Corp.Supreme Court of the United States · 1943
- United States v. Oregon State Medical SocietySupreme Court of the United States · 1952
15 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- William Harris v. Palm Springs Alpine Estates, Inc.Court of Appeals for the Ninth Circuit · 1964
- Fed. Sec. L. Rep. P 94,737 Juanita McClure v. The First National Bank of Lubbock, Texas, Defendants-Appellees,gaines County DevelopmentsCourt of Appeals for the First Circuit · 1974
- Ingenito v. Bermec CorporationDistrict Court, S.D. New York · 1974
- Los Angeles Trust Deed & Mortgage Exchange v. Securities & Exchange CommissionCourt of Appeals for the Ninth Circuit · 1960
- David Farrell and Oliver J. Farrell v. United StatesCourt of Appeals for the Ninth Circuit · 1963
13 more not listed; retrieve them via the Exa API.