Securities & Exchange Commission v. American Board of Trade

MEMORANDUM OPINION AND ORDER

KRAM, District Judge.

This action is presently before the Court on the motions of Special Master and Receiver Milton S. Gould, who moves (1) to disallow, reduce or subordinate certain customer and creditor claims, and (2) to disallow or subordinate claims made by defendants Mr. and Mrs. Arthur N. Economou on behalf of themselves and corporations they own. At a hearing on these motions, the Court received the testimony of two witnesses called by the Receiver, received exhibits and heard the argument of the Receiver and Mr. Economou, who is acting pro se in these…