v3040-7

No. 15457

In the United States Court of Appeals

for the Ninth Circuit

Securities and Exchange Commission, appellant

Insurance Securities Incorporated, Trust Fund

Sponsored by Insurance Securities Incorporated,

Abe P. Leach, Ossian E. Carr, Arthur J. Loner-

qan, Roy A. Haight, and Leland M. Kaiser as At-

torney and Proxy for Investors of Trust Fund,

appellees

BRIEF OF SECURITIES AND EXCHANGE COMMISSION,

APPELLANT

THOMAS G. MEEKER,

General Counsel,

AARON LEVY,

Special Counsel,

JULE B. GREENE,

Attorney,

Securities and Exchange Commission, Washington 25, D. C.

1. 1. KENNAMER, JR.,

Attorney,

Securities and Exchange Commission, Pacific Building, 821 Market

Street, San Francisco 3, California.

MLED

JUL 3 1 1957

PAUL P. O'onifch, Clerk

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