v3040-279

No. 15457

WLnittb States

Court of gppeate

for tlje i^intt) Circuit

SECURITIES AND EXCHANGE COMMIS-

SION,

Appellant,

vs.

INSURANCE SECURITIES INCORPORATED,

TRUST FUND SPONSORED BY INSUR-

ANCE SECURITIES, INCORPORATED,

ABE P. LEACH, OSSIAN E. CARR, AR-

THUR J. LONERGAN, ROY A. HAIGHT

and LELAND M. KAISER, as Attorney and

Proxy for Investors of Trust Fund,

Appellees.

tEranscrtpt of Eecorb

F ULE D

Appeal from the UmtleV^tate iSsrrict Court for the

Northern District of California

Phillips & Van Orden Co., 870 Brannan Street, San Francisco, Calif. 4-26-57

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