Fed. Sec. L. Rep. P 92,710 Stanley S. Pearlstein v. Scudder & German, a Partnership

WATERMAN, Circuit Judge:

Appellant Stanley S. Pearlstein, the plaintiff below, sued Scudder & German, a partnership engaged in the securities business, for damages which he alleged he suffered because the defendant had violated the margin and antifraud provisions of the federal securities laws.1 Plaintiff’s allegations grew out of two *1138distinct purchases of bonds he bought through the defendant, who acted as his broker. Although these transactions overlapped in time they can best be described separately. The first of these, which can be termed the “Lionel transaction,” began on March 6, 1961,…