Whitman v. Frank

DAKAN, STEPHEN L., Associate Judge.

Appellants, M.J. Whitman, L.P., and M.J. Whitman, Inc., who will be referred to as “Whitman,” have appealed from a final judgment entered against them and in favor of Appellee, Mitchell Frank, who will be referred to as “Frank.”

Whitman, a registered securities broker and member of the National Association of Securities Dealers, Inc., known as NASD, hired Frank as a salesperson. Frank is a securities representative registered with NASD. In order to perform his job with Whitman, he was required to, and did, transfer his registration from his former employer to…