Legal Opinion
Financial Counsellors, Inc. v. Securities and Exchange Commission
Court of Appeals for the Second Circuit
Decided December 7, 1964No. 166, Docket 29109PublishedCited by 2 opinions
1Per curiam
The Securities and Exchange Commission revoked the petitioner’s registration as a broker and dealer in securities, and expelled it from membership in the National Association of Securities Dealers, Inc. From this order the petitioner appeals.
The Commission found that Financial Counsellors, Inc. was created by one Ernest F. Boruski, Jr., who, as a sole proprietor, had, for a number of years, carried on the business of a broker-dealer specializing in mutual funds shares.
■ In 1961 Boruski had been censured by the National Association of Securities Dealers, Inc., and had been suspended from its…
2Cases cited2 opinions
- United States v. Gerardo A. Re, A/K/A Jerry A. Re, Gerard F. Re, Charles A. Casagrande, A/K/A Charles A. Grande and Ely BatkinCourt of Appeals for the Second Circuit · 1964
- Ernest F. Boruski, Jr. v. Securities and Exchange Commission and National Association of Securities Dealers, Inc.Court of Appeals for the Second Circuit · 1961
3Cited by2 opinions
- Dewitt Truck Brokers, Inc. v. W. Ray Flemming Fruit Company and W. Ray FlemmingCourt of Appeals for the Fourth Circuit · 1976
- Capital Funds, Inc., Austin E. Gatlin and Mrs. Erma S. Gatlin v. Securities and Exchange CommissionCourt of Appeals for the Eighth Circuit · 1965