Butterman v. Steiner

KNOCH, Circuit Judge.

On January 20, 1964, plaintiff-appellant, Emmy Schmid Butterman, filed her complaint in the U. S. District Court against defendants-appellees, Harold C. Steiner, individually and as co-partner of Betts, Borland & Company, a co-partnership and Betts, Borland & Company, a co-partnership, stockbrokers, to recover money damages and certain shares of stock allegedly sold by the defendants without authority and contrary to the rules of the Board of Governors of the Federal Reserve System, the Securities Exchange Act of 1934, and the rules and regulations of the New York Stock…