Pierce v. Richard Ellis & Co.

Plaintiff seeks to recover $3,000' from the defendant for (quoting the indorsed complaint in its entirety) “breach of brokerage agreement.” The proof is, and I find, that on October 9, 1964, plaintiff, in search of the large profits his friend was making in the stock market, invested $3,000 in a discretionary account with the defendant, his friend’s stockbroker. During the following month, on 8 trading days, • 15 purchases of a single security were made in the plaintiff’s account aggregating over $31,000 and sales of the same security were made during the same period of time aggregating more…