Securities & Exchange Commission v. Broadwall Securities, Inc.

McLEAN, District Judge.

This is an action to enjoin alleged violations of Section 17(a) of the Securities Act of 1933 (15 U.S.C. § 77q(a)), and Section 10(b) of the Securities Exchange Act of 1934 (15 U.S.C. 78j(b)), and Rule 10b-5 thereunder (17 CFR 240.10b-5). Plaintiff has moved for a preliminary injunction. The court held a hearing at which testimony was taken. Upon the basis of the evidence there introduced, and of statements in the moving affidavits not contradicted by defendants, the court finds the facts to be as follows:

Defendant Broadwall Securities, Inc. (“Broadwall”) is a New York…