Crimmins v. American Stock Exchange, Inc.

503 F.2d 560

• Court: Court of Appeals for the Second Circuit
• Decided: October 8, 1974
• Docket: No. 26, Docket 74-1289
• Status: Published

Opinion

PER CURIAM :

Frank J. Crimmins, a former registered representative of Walston & Co., Inc., which in turn was a member firm of the American Stock Exchange, appeals from a judgment entered December 18, 1973 in the Southern District of New York, Morris E. Lasker, District Judge, denying Crimmins’ motion for summary judgment, granting the Exchange’s cross-motion for summary judgment and dismissing Crimmins’ action to vacate the determination by a disciplinary panel of the American Stock Exchange, acting pursuant to Section 6 of the Securities Exchange Act of 1934, 15 U.S.C. § 78f (1970), which found Crimmins guilty of violations of the Exchange rules in connection with trading in the stock of Four Seasons Nursing Centers of America, Inc., and suspended him for two years.

We have carefully considered each of Crimmins’ claims of error and find them to be without merit. We affirm on the comprehensive, well-reasoned opinion of Judge Lasker below. 368 F.Supp. 270 (S.D.N.Y.1973).

Affirmed.