George Natkin and Tillie Natkin v. The Exchange National Bank of Chicago

CASTLE, Acting Chief Judge.

Ben Notkin, George Natkin and Tillie Natkin 1 2**commenced this action in the District Court against the defendantappellee, the Exchange National Bank of Chicago. Jurisdiction is predicated on Section 27 of the Securities Exchange Act of 1934 (15 U.S.C.A. § 78aa) and 28 U.S.C.A. § 1331.

The complaint alleges the bank made loans to Ben Notkin in violation of Regulation U 2 issued by the Federal Reserve Board pursuant to Section 7 of the Se curities Exchange Act 3 (15 U.S.C.A. § 78g); that the loans were void under the provisions of Section 29(b) of the Act (15…