Cohen v. Paine, Webber & Co.

The defendants were stockbrokers conducting business in Hartford, and early in 1929, the plaintiff opened an account with them for the purpose of trading in stocks at which time he introduced to them his business associate, Steinberg, as his agent and representative, expressly stating to them that he was authorized to trade with the defendants for and on the plaintiff’s account. For about ten months thereafter and up to November 21st, 1929, Steinberg did most of the trading for the account of the plaintiff, and. some of the stocks so bought were delivered to Steinberg who receipted for them…