Sequel

To the Securities & Exchange Commission's two-year-old investigation of manipulation in Bellanca Aircraft shares by famed Broker Michael J. Meehan (TIME, Nov. 4, 1935 et seq.): A Decision, the first involving manipulation since SEC was set up, ordering Broker Meehan barred from all U. S. stock exchanges. To the nervous little broker whose name in stockmarket history was written in Radio stock during the Coolidge bull market, the order will mean little in money, much in honor. His health broken by SEC's interminable proceedings, Mike Meehan has not been active for more than a year and a half.

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