Union Corporation of America v. Securities and Exchange Commission

The broad question presented by this appeal is whether the District Court by its memorandum opinion reported at 205 F.Supp. 518, correctly interpreted Section 15(d) of the Securities and Exchange Act of 1934 (15 U.S.C.A. § 78o (d), and rules and regulations promulgated thereunder (17 C.F.R. 240.15d-l-.15d-20) and by its decree entered pursuant thereto properly issued a mandatory injunction compelling appellant to file proper annual reports (Forms 10-K) with the S.E.C. for the years 1958, 1959 and 1960.

The S.E.C. brought this action under Sections 21(e) and 21(f) of the Act (15 U.S.C. §§…