Ramsay v. Texas Trading Co., Inc.
Texas Court of Appeals, 6th District (Texarkana)
1Opinion of the Court
*623OPINION
Opinion by
Chief Justice MORRISS.
Less than a half hour before the cattle-futures markets closed December 23, 2003, Tom Ramsay appeared at Texas Trading Company, Inc.’s Sulphur Springs office and wanted a personal account opened so he could sell “short” five cattle-futures contracts for his personal account through ADM Investor Services, Inc. (ADM), Texas Trading’s clearing broker in Illinois. That is the scene Charles Dawson, the principal owner of Texas Trading, and his daughter (and then Texas Trading employee) Liz Harper described concerning that day. That day, Ramsay reportedly…
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