Walsh v. Standard Accident Insurance

Appeal by defendant from judgment for plaintiff in an action to recover upon a broker’s bond. The main question to be determined is whether or not the transaction upon which the cause of action is based was a “brokerage” transaction within the meaning of the Corporate Securities Act and covered by the bond issued in accordance with the requirements of said act (sec. 5, Corporate Securities Act, as amended in 1925, Stats. 1925, p. 967).

The amended complaint alleged that on December 6, 1926, J. Arthur Snowden, doing business as The J. Arthur Snowden Company, as principal, and defendant, as…