Bosak v. Parrish

The defendants are stockbrokers trading under the name of Parrish & Co., with a membership in the New York Stock Exchange. George A. Medinger entered their employ in the year 1923, as a runner and in July, 1924, became a “ customers’ man.” His duties among other things were to receive orders from *547customers for the purchase and sale of securities and to place such orders with the defendants for execution.

The plaintiff was asked by Medinger to open an account with Parrish & Co. When Medinger solicited the plaintiff’s account he told him that Parrish & Co. was an old rehable house, and that he…