Stanley GROSS, Petitioner, v. SECURITIES AND EXCHANGE COMMISSION, Respondent

MOORE, Circuit Judge:

I

In May, 1965, the Securities and Exchange Commission (the Commission) instituted private administrative proceedings against the broker-dealer firm of Richard Bruce & Co. (Bruce & Co.) and six individuals associated with the firm in connection with transactions in the stock of two speculative issues, Honig’sParkway, Inc. (Honig’s) and Transition Systems, Inc. (Transition). The hearing examiner made findings and ordered remedial action against all respondents. Upon requests for hearing by Gross and others of the individual respondents, the Commission on its own initiative…