(DOWNLOAD) "Penfield Company California Et Al. v. Securities & Exchange Commission" by Supreme Court of the United States * Book PDF Kindle ePub Free
eBook details
- Title: Penfield Company California Et Al. v. Securities & Exchange Commission
- Author : Supreme Court of the United States
- Release Date : January 31, 1947
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 89 KB
Description
The Securities and Exchange Commission, acting pursuant to its authority under Γ§ 20 (a) of the Securities Act of 1933, 48 Stat. 74, 86, 15 U. S. C. Γ§ 77t, issued orders directing an investigation to determine whether Penfield Company had violated the Act in the sale of stock or other securities. In the course of that investigation it directed a subpoena duces tecum to Young, as an officer of Penfield, requiring him to produce certain books of the corporation covering a four year period ending in April, 1943. See Γ§ 19 (b) of the Act. Upon Youngs refusal to appear and produce the books and records, the Commission filed an application with the District Court for an order enforcing the subpoena. After a hearing, the court ordered