Summary
noting that the attorney general has "exceedingly broad—indeed, inquisitorial—powers under the Martin Act" to investigate "all kinds of fraud incident to the sale of securities and commodities and to seek to enjoin such acts"
Summary of this case from In re Inquiry by SchneidermanOpinion
Decided February 10, 1983
Appeal from the Appellate Division of the Supreme Court in the First Judicial Department, SOLOMON KATZ, J.
Steven R. Lapidus for appellant.
Robert Abrams, Attorney-General ( Gerald Hurwitz of counsel), respondent pro se.
On review of submissions pursuant to rule 500.2 (b) of the Rules of the Court of Appeals (22 N.Y.CRR 500.2 [g]), order affirmed, with costs, for the reasons stated in the memorandum at the Appellate Division ( 88 A.D.2d 854; see, also, Matter of Gonkjur Assoc. v Abrams, 57 N.Y.2d 853; and Matter of Edge Ho Holding Corp., 256 N.Y. 374, 381-382).
Concur: Chief Judge COOKE and Judges JASEN, JONES, WACHTLER, FUCHSBERG, MEYER and SIMONS.