SANTA MONICA BANK ET AL.

v.

SECURITIES & EXCHANGE COMMISSION

Citator

Cited By (17 total)

• Mansbach v. Prescott, 598 F.2d 1017 (6th Cir. 1979)
  …on of a security or interest in a security, for value.” 15 U.S.C. § 77b(3). United States v. Gentile, 530 F. 2d 461 (2d Cir.), cert. den. 426 U.S. 936, 96 S.Ct. 2651, 49 L.Ed.2d 388 (1976); SEC v. Guild Films Co., 279 F. 2d 485 (2d Cir.), cert. den. 364 U.S. 819, 81 S.Ct. 52, 5 L.Ed.2d 49 (1960). In Gentile, the court said that a “sale” of a security does not require that title pass since the definition under the Securities Act includes a “disposition” of a security. 530 F. 2d at 466. The Securities Exchan…
• McCLURE v. The First Nat'l Bank OF Lubbock, 497 F.2d 490 (5th Cir. 1974)
  …in the scope of the federal securities acts a transaction otherwise outside their purview. See 1 L. Loss, Securities Regulation 649 (2d ed. 1961). The cases relied upon by Mrs. McClure, SEC v. Guild Films Co., 279 F. 2d 485 (2d Cir.), cert. denied, 364 U.S. 819, 81 S.Ct. 52, 5 L.Ed.2d 49 (1960); SEC v. Pig’n Whistle Corp., 359 F.Supp. 219 (N.D.Ill.1973); SEC v. National Bankers Life Insurance Co., 334 F.Supp. 444 (N.D.Tex.1971), aff’d, 477 F. 2d 920 (5th Cir. 1973); and American Bank & Trust Co. v. Joste,…
• United States v. Gentile, 530 F.2d 461 (2d Cir. 1976)
  …that we apply to criminal statutes. See United States v. Del Toro, 513 F. 2d 656 (2d Cir. 1975). [*467] This result is implicit in our decision in S.E.C. v. Guild Films Co., 279 F. 2d 485 (2d Cir.), cert. denied sub nom. Santa Monica Bank v. S.E.C., 364 U.S. 819, 81 S.Ct. 52, 5 L.Ed.2d 49 (1960). In that case, we denied a claim by pledgee banks that they did not “purchase” stocks pledged as collateral for loans, the proceeds of which were used to obtain many of the shares put up as collateral, and thus th…