he Securities and Exchange Commission today accused Raymond L. Dirks, general partner of the now defunct John Muir & Co., and four others of violations of the civil anti-fraud statutes.

In addition to the complaint, filed in U.S. District Court for the southern district of New York, the SEC also asked the court to enjoin the defendants from further allegedly illegal acts.

Among the allegations is that Dirks and others failed to fully disclose several questionable transactions in 1980 when Muir sold $6 million in securities in a newly formed company called Cayman Islands Reinsurance Corp. Ltd.

Muir, a once sleepy firm that Dirks turned into one of the hottest brokerages on Wall Street, collapsed last summer.

In addition to Dirks and Cayman, other defendants named were William A. Thompson of Oklahoma City, who is chairman of Cayman, Paul V. Miller of Leewood, Kan., president; Carl John Peterson, a New York stockbroker formerly with Muir, and Michael C. Scott, also known as Michael E. Cole, who is presently a director of Cayman.

The SEC alleges that crucial information was not disclosed in the stock offering prospectus, including the fact that one third of the proceeds from the offering was invested in speculative securities underwritten by Muir.

The SEC also alleges that "the defendants' fraud in this case is continuing."