Legal Opinion
LOWELL H. LISTROM & COMPANY, INC., Petitioner, v. SECURITIES AND EXCHANGE COMMISSION, Respondent
Court of Appeals for the Eighth Circuit
Decided October 21, 1986No. 86-1130PublishedCited by 4 opinions
1Opinion of the Court
FAGG, Circuit Judge.
Lowell Listrom & Company (Listrom) petitions for review of two portions of a Securities and Exchange Commission (SEC) order affirming disciplinary action taken against Listrom by the National Association of Securities Dealers (NASD). Listrom was censured and fined in connection with three public securities offerings for violating recordkeeping and sales confirmation requirements and for extending credit to its customers in two of the offerings. We affirm.
The securities transactions involved were structured as “best efforts” subscription stock offerings. Using this method…
2Cases cited5 opinions
- Red Lion Broadcasting Co. v. Federal Communications CommissionSupreme Court of the United States · 1969
- United States v. LarionoffSupreme Court of the United States · 1977
- Investment Company Institute v. CampSupreme Court of the United States · 1971
- Capital Funds, Inc., Austin E. Gatlin and Mrs. Erma S. Gatlin v. Securities and Exchange CommissionCourt of Appeals for the Eighth Circuit · 1965
- Moore v. CustisCourt of Appeals for the Eighth Circuit · 1984
3Cited by4 opinions
- C.E. CARLSON, INC. and Charles E. Carlson, Petitioners, v. SECURITIES EXCHANGE COMMISSION, RespondentCourt of Appeals for the Tenth Circuit · 1988
- Stephen Investment Securities, Inc. v. Securities and Exchange CommissionCourt of Appeals for the Eighth Circuit · 1994
- Christopher A. Lowry v. Securities and Exchange CommissionCourt of Appeals for the Eighth Circuit · 2003
- Christopher A. Lowry v. SECCourt of Appeals for the Eighth Circuit · 2003