Securities & Exchange Commission v. Vacuum Can Co.

MINTON, Circuit Judge.

This is an appeal from an order entered by the District Court pursuant to Section 22(b) of the Securities Act of 1933, 15 U.S.C.A. § 77v(b) and Section 21(c) of the Securities Exchange Act of 1934, 15 U.S.C.A. § 78u(c). The order directed the appellants to produce certain books and records of the appellant, Vacuum Can Company.

On October 12, 1945 the Commission, by order, instituted an investigation to determine whether one Marie Mayer had violated anti-fraud sections of the Federal securities laws by selling stock of the appellant, Vacuum Can Company, in interstate…