Guay v. Schneider, Bernet & Hickman, Inc.

WILSON, Justice.

Appeal from summary judgment. Appel-lee, an investment broker, alleged appellant established a margin account and ordered it to make a “short” sale of securities; that after the sale was made by appellee as his broker, appellant delivered his check to meet margin requirements; that the check was dishonored by the bank, and upon appellant’s failure to make payment after notice, the account was liquidated by the purchase of securities at a higher price for ap pellant’s account. The suit was for the balance. These itemized, transactions were embodied in a verified account in…