Securities and Exchange Commission, Plaintiff-Respondent v. Guild Films Company, Inc., Santa Monica Bank, Southwest Bank of Inglewood, Hal Roach, Jr.

MOORE, Circuit Judge.

This is an appeal under 28 U.S.C.A. § 1292(a) from an order by the district court, 178 F.Supp. 418, granting a preliminary injunction to restrain the sale of 50,000 shares of Guild Films Company, Inc. common stock by two of the appellants, the Santa Monica Bank and The Southwest Bank of Inglewood. Pending a final determination of this action, the preliminary injunction was issued “unless and until” a registration statement should be filed under the Securities Act of 1933, 15 U.S.C.A. § 77a et seq.

Section 5 1 of the Act makes it unlawful for anyone, by any interstate…