Legal Opinion
Waco Financial, Inc. v. National Ass'n of Securities Dealers, Inc.
District Court, W.D. Michigan
Decided April 24, 1981No. K81-73 CA4PublishedCited by 3 opinions
1Opinion of the Court
OPINION
BENJAMIN F. GIBSON, District Judge.
This suit involves plaintiff WACO’s status as a member of the National Association of Securities Dealers, Inc. (hereinafter ‘NASD’) and that of its president, plaintiff J. Jerome Prevatte as a registered financial principal. It is presently before this Court pursuant to plaintiffs’ motion for a preliminary injunction.
The relevant facts are simple. The timing of this suit is unique. Sometime in 1980, the NASD filed two complaints against plaintiffs for their alleged failure to comply with certain rules of that association. On November 24, 1980 the…
2Cases cited17 opinions
- Califano v. SandersSupreme Court of the United States · 1977
- Sampson v. MurraySupreme Court of the United States · 1974
- Yakus v. United StatesSupreme Court of the United States · 1944
- First Jersey Securities, Inc. v. BergenCourt of Appeals for the Third Circuit · 1979
- American Airlines, Inc., Trans World Airlines, Inc., Eastern Air Lines, Inc. v. Louisville and Jefferson County Air BoardCourt of Appeals for the Sixth Circuit · 1959
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3Cited by3 opinions
- Fed. Sec. L. Rep. P 91,895 Securities and Exchange Commission v. Waco Financial, Inc. And J. Jerome PrevatteCourt of Appeals for the Sixth Circuit · 1985
- Prevatte v. National Ass'n of Securities Dealers, Inc.District Court, W.D. Michigan · 1988
- Prevatte v. NAT. ASS'N OF SECURITIES DEALERS, INC.District Court, W.D. Michigan · 1988