Court of Appeals for the Ninth Circuit April 28, 1998, Nos. 96-56687, 96-56690 (Securities & Exchange Commission v. First Pacific Bancorp)

FERNANDEZ, Circuit Judge:

The Securities and Exchange Commission brought a civil enforcement action against Leonard S. Sands, First Pacific Bancorp (Bancorp), and PacVen Inc. for violations of the antifraud, filing and disclosure provisions of the federal securities laws. The district court granted partial summary judgment in favor of the SEC on three of its claims.