Twomey v. Mitchum, Jones & Templeton, Inc.

Defendant corporation, which succeeded to the investment banking and stock brokerage business of a partnership of similar name, and the individual defendant, the manager of a local office of the firm, have appealed from a judgment in favor of a customer which is predicated upon the alleged misfeasance of the defendants and the predecessor partnership.

In 13 points they have voiced objections which may be conveniently grouped as follows: (1) Eesort to federal law and to regulations promulgated pursuant to the authority of federal law converted the ease to one of exclusive federal jurisdiction,…