Securities & Exchange Commission v. Keller Bros. Securities Co.

FRANCIS J. W. FORD, District Judge.

In this action motions have been filed by several applicants seeking to intervene on the ground that their claims have questions of law and fact in common with the original action, together with petitions to intervene setting forth the •claims they wish to assert. It appears that in at least two of these petitions the ■claims are based on allegations of false or misleading representations made by •defendants in connection with sales of securities to applicants and are brought under § 12(a) (2) of the Securities Act •of 1933, 15 U.S.C.A. § 771(a) (2).

The…