District Court, S.D. New York October 4, 1978, 75 Civ. 4566 (Edwards & Hanly v. Wells Fargo Securities Clearance Corp.)

OPINION

GAGLIARDI, District Judge.

Plaintiff Edwards & Hanly commenced this action against the Wells Fargo Securities Clearance Corporation (“WFSCC”) alleging violations of § 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”), 15 U.S.C. § 78j(b), § 17(a) of the Securities Act of 1933, 15 U.S.C. § 77q, and common law fraud. Jurisdiction is predicated upon 15 U.S.C.