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2 SEC Docket 1 (1973)

handle is hein.journals/secdoc2 and id is 1 raw text is: ULY 3      VOLUME 2, NO. 1
J doc e
A WEEKLY CORLIAT:ION OF RELEASES FROM THE SECURITES AND EXCHANGE COlMMISSIOKN

RELEASES IN THIS ISSUE
Securities Act                   - 5404
Securities Exchange Act          - 10223-34
Public Utility Holding Company Act - 18004-09
Investment Company Act           - 7865-70
Investment Advisers Act          - 384
Litigation                       - 5932-42
SIGNIFICANT ITEMS
Announcements
IA-384       Order Cancelling Registrations
Registrations of certain investment
advisers cancelled pursuant to Sec-
tion 203(i) of the Advisers Act.
Enforcement
34-10233     Merrill Lynch, Pierce, Fenner and
Smith, Inc., et al.
Administrative proceedings ordered
against Merrill Lynch and 47
account executives on alleged
anti-fraud violations in connection
with sales of Scientific Control
Corporation stock.
LR-5932      Smith and Medford, Inc., et al.
Injunction sought against further
violations of anti-fraud, net capital
and bookkeeping provisions; SIPC
trustee appointed.
LR-5935      Goldstein, Samuelson, Inc., et al.
Guilty plea entered by Harold
Goldstein on three counts of
mail fraud.
Opinions
33-5404      Emanuel Fields
Order issued pursuant to Rule 2(e)
permanently denying privilege of
practicing before Commission.
35-18007     American Electric Power Company,
Inc., et al.
Order granting exception from
competitive bidding requirements.
SECURITIES ACT
SECURITIES ACT OF 1933
Rel. No. 5404/June 18, 1973
Admin. Proc. File No. 3-3671

In the Matter of
EMANUEL FIELDS
60 East 42nd Street
New York, New York
Rule 2(e), Rules of Practice
FINDINGS AND OPINION OF THE COMMISSION
ATTORNEYS - PRACTICE AND PROCEDURE
Disqualification from Practice before Commission
When attorney's answer to Commission's complaint for
injunction admitted serious violations of the securities
laws, where he consented to permanent injunction re-
straining him from such misconduct, and where no sug-
gestion of mitigating or extenuating circumstances was
made; held, permanent disqualification from practice
before the Commission required in the public interest.
Jurisdiction to Discipline Attorneys
Although Commission does not admit attorneys to
practice, it has jurisdiction to discipline those who prac-
tice before it.
Summary Suspension from Privilege of Practicing before
Commission - Due Process
Where disciplinary proceeding against attorney was
begun by summarily suspending him from practice before
the Commission on the basis of a consent judgment of
permanent injunction previously entered against him and
where he later received ample opportunity to present his
case on issue of whether temporary suspension should be
made permanent; held, no deprivation of due process.
APPEARANCES:
Walter P. North, Jacob H. Stillman, and Frederick L,
White, for the Office of the General Counsel of the Com-
mission.
Stanley Kligfeld, of Kaufman & Kligfeld, for Emanuel
Fields.
In these proceedings pursuant to Rule 2(e) of our Rules
of Practice we must determine the nature of the perma-

SEC DOCKET/1

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